SIX Swiss Exchange Ltd Initiates Investigation Against Swiss Reinsurance Company Ltd (Swiss Re)

SIX Swiss Exchange Ltd has instituted an investigation against Swiss Re regarding a possible violation of Art. 72 of the Listing Rules as well as the Directive on Ad hoc Publicity. The investigation being conducted by SIX Swiss Exchange Ltd is in connection with information given to investors and analysts, as well as articles in the press in July 2008 in relation to risk exposures. It is not known at present how long these investigations will last. SIX Swiss Exchange Ltd will announce the findings of the investigation in due course. No information will be provided while investigatory proceedings are ongoing.