Zurich, December 10, 2007 - Zurich Financial Services, Mythenquai 2, 8002 Zurich, (Zurich) announces that it received a notification of shareholding as per December 1, 2007 in accordance with articles 9 and 17 of the SESTO-SFBC and in connection with article 20 of the Swiss Stock Exchange Law by JPMorgan Chase & Co, 270 Park Avenue, New York, NY 100017, USA, (JPM) on December 6. According to this notification, JPM along with its subsidiaries has exceeded the threshold of 3 percent of voting rights on Zurich with purchase positions.
1. The reported purchase position on registered Zurich shares include:
• 2,570,596 registered shares (1.78%)
• 2,638,064 long call options (0.44%)
• 2,028,200 short put options (1.4%).
Together this equals a purchase position of 3.62% of the share capital and the voting rights of Zurich entered in the commercial register.
2. The reported sale position of registered Zurich shares includes:
• 1,310,966 long put options (0.91%)
• 756.885 short call options (0.52%)
Together this equals a sale position of 1.43% of the share capital and the voting rights of Zurich according to the commercial register.
3. Identity of the individual Group members:
• J.P. Morgan Securities Ltd., 125 London Wall, London EC2Y 5AJ, UK
• J.P. Morgan GT Corporation, 270 Park Avenue, New York, NY 10017
• J.P. Morgan Whitefriars Inc., 125 London Wall, London EC2Y 5AJ, UK
• J.P. Morgan International Bank Limited, 125 London Wall, London EC2Y 5AJ, UK
• J.P. Morgan Investment Management Inc., 245 Park Avenue, New York, NY 10167, USA
• JF Asset Management (Taiwan) Limited, 3/F. No. 65 and 17/F. No. 65, 67, 69 and 71, Tun Hwa S. Road, Sec. 2, Taipei, Taiwan
• JF Asset Management Limited, 21st Floor Chater House, 8 Connaught Road, Central, Hong Kong
• JPMorgan Asset Management (Japan) Limited, Tokyo Building, 7-3 Marunouchi, 2 Chome, Chiyoda-ku, Tokyo 100-6432, Japan
• JPMorgan Asset Management (Canada) Inc., #2310 – 650 West Georgia Street, Vancouver, British Columbia V6B 4N7, Canada
• JPMorgan Asset Management (UK) Limited, 125 London Wall London EC2Y 5AJ, UK
• JPMorgan Chase Bank, N.A., 1111 Polaris Parkway, Columbus, Ohio 43240, USA
4. Nature of agreement: Group of companies
5. Proxy for Group members: Shoaib Shaikh, 125 London Wall, London EC2Y 5AJ, UK, phone: + 44 (0) 207 777 04 23.
