Investor
Investor

Disclosure of Investment

Zurich, December 13, 2001 - Pursuant to Article 20 of the Swiss Stock Exchange Law, Zurich Financial Services has received the following notice from Brandes Investment Partners, L.P.:

Brandes Investment Partners, L.P. (11988 El Camino Real, Suite 500, P.O. Box 919048, San Diego, CA 92191 - 9048, USA) ("Brandes") holds as of December 3, 2001 by virtue of discretionary investment authority from its clients 6.3% of the voting rights in Zurich Financial Services.

Brandes holds 2,820,337 ordinary shares of Zurich Financial Services and 24,664,763 American Depository Receipts ("ADRs") of Zurich Financial Services. The 24,664,763 ADRs represent 2,466,476.3 ordinary shares of Zurich Financial Services and entitle the holder to give voting instructions through the Bank of New York which administers the Zurich Financial Services ADR program.  All the said securities are beneficially owned by Brandes' clients.

The Zurich Financial Services Group (www.zurich.com) is a global leader of integrated financial services providing its customers solutions in the area of financial protection (non-life insurance and structured solutions) and asset gathering (life insurance and asset management). The Group focuses its activities on key markets, i.e. North America, UK, Switzerland, Europe and selected other markets where it has or can reach a competitive position. Founded in 1872, Zurich is headquartered in Zurich, Switzerland. It has offices in more than 60 countries employing approximately 70,000 people.


For further information please contact:
Zurich Financial Services, Media and Public Relation
8022 Zurich, Switzerland
Phone +41 (0)1 625 21 00, Fax +41 (0)1 625 26 41
http://www.zurich.com