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Share Buyback Program 2007

Zurich, July 3, 2007 – Zurich Financial Services has completed the share buyback program of CHF1.25 billion announced on February 15, 2007. Between February 22, 2007 and July 2, 2007, Zurich Financial Services has bought back 3,432,500 of its registered shares via a second trading line of virt-x and at an average price of CHF 364 (rounded) per share. The number of repurchased shares reflects 2.36 % of the share capital issued at the end of June.

Weekly update

Week starting Number of shares
repurchased
Amount in CHF
millions
Volume weighted average price
(CHF per share)
19/02/2007 100,000 36.67 366.66
26/02/2007 435,000 151.43 348.12
05/03/2007 150,000 51.00 340.02
12/03/2007 350,000 118.40 338.29
19/03/2007 250,000 86.80 347.20
26/03/2007 250,000 87.70 350.78
02/04/2007 170,000 60.20 354.12
09/04/2007 none    -    -
16/04/2007 none    -    -
23/04/2007 none    -    -
30/04/2007 none    -    -
07/05/2007 none    -    -
14/05/2007 7,500 2.89 385.08
21/05/2007 300,000 115.86 386.18
28/05/2007 255,000 96.22 377.32
04/06/2007 365,000 136.26 373.32
11/06/2007 220,000 82.82 376.45
18/06/2007 300,000 117.09 390.29
25/06/2007 280,000 106.10 378.95

DISCLAIMER:
THIS OFFER IS NOT MADE IN THE UNITED STATES OF AMERICA AND TO U.S. PERSONS AND MAY BE ACCEPTED ONLY BY NON-U.S. PERSONS AND OUTSIDE THE UNITED STATES. OFFERING MATERIALS WITH RESPECT TO THIS OFFER MAY NOT BE DISTRIBUTED IN OR SENT TO THE UNITED STATES AND MAY NOT BE USED FOR THE PURPOSE OF SOLICITATION OF AN OFFER TO PURCHASE OR SELL ANY SECURITIES IN THE UNITED STATES.