Scor SE

Capital/Financing Update • Nov 28, 2011

Press Release (p.1/2) 28 November 2011 N°35 – 2011

Co For further information, please contact: Jean-Charles Simon / Géraldine Fontaine +33 (0) 1 46 98 73 17 Communications and Public Affairs Antonio Moretti +44 (0) 203 207 85 62 Investor Relations Director

SCOR Global Life completes its first UK Longevity Reinsurance Transaction

SCOR Global Life SE, a subsidiary of SCOR SE, has completed its first Longevity reinsurance transaction in the UK. Entry into the UK Longevity market was one of the four key SCOR Global Life initiatives announced by SCOR as part of the Group's strategic plan for 2010-2013, "Strong Momentum", and confirmed in its updated version "V1.1" released in September 2011.

SCOR Global Life SE has reinsured a significant share of the longevity risk assumed by Deutsche Bank, following the completion of a GBP 3 billion longevity swap transaction between Deutsche Bank and the Rolls-Royce Pension Fund in the UK.

This transaction meets closely the target criteria set for the UK Longevity market entry initiative in terms of deal size and risk profile.

Gilles Meyer, CEO of SCOR Global Life, comments: "This deal confirms the transaction execution capability of the Longevity team in London. We have successfully and effectively been able to transpose the market-leading brand characteristics for which the wider SCOR team is known onto a new and innovative market. We are delighted to have been able to partner up with Deutsche Bank on this transaction."

Denis Kessler, Chairman and CEO of SCOR, comments: "The completion of this transaction is a key milestone in terms of demonstrating the Group's ability to deliver on the initiatives set out in the "Strong Momentum" plan. We look forward to being a leading part of the Longevity market over the years to come."

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SCOR SE 1, av. du Général de Gaulle 92074 Paris La Défense Cdx France Tél + 33 (0) 1 46 98 70 00 Fax + 33 (0) 1 47 67 04 09 www.scor.com RCS Nanterre B 562 033 357 Siret 562 033 357 00020 Société européenne au capital de 1 512 224 741,93 euros

Press Release (p.2/2) 28 November 2011

N° 35 – 2011

Forward-looking statements

SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission. Thus, any forward-.looking statements contained in this communication should not be held as corresponding to such profit forecasts. Information in this communication may include "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions and include any statement which does not directly relate to a historical fact or current fact. Forward-looking statements are typically identified by words or phrases such as, without limitation, "anticipate", "assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may increase" and "may fluctuate" and similar expressions or by future or conditional verbs such as, without limitations, "will", "should", "would" and "could." Undue reliance should not be placed on such statements, because, by their nature, they are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, on the one hand, to differ from any results expressed or implied by the present communication, on the other hand.

Please refer to SCOR's document de référence filed with the AMF on 8 March 2011 under number D.11-0103 (the "Document de Référence"), for a description of certain important factors, risks and uncertainties that may affect the business of the SCOR Group. As a result of the extreme and unprecedented volatility and disruption of the current global financial crisis, SCOR is exposed to significant financial, capital market and other risks, including movements in interest rates, credit spreads, equity prices, and currency movements, changes in rating agency policies or practices, and the lowering or loss of financial strength or other ratings.

SCOR SE 1, av. du Général de Gaulle 92074 Paris La Défense Cdx France Tél + 33 (0) 1 46 98 70 00 Fax + 33 (0) 1 47 67 04 09 www.scor.com RCS Nanterre B 562 033 357 Siret 562 033 357 00020 Société européenne au capital de 1 512 224 741,93 euros