Scor SE

Regulatory Filings • Sep 26, 2011

Press Release (p.1/2) 26 September 2011 N°31 – 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 launches the Insurance-Linked Securities fund "Atropos"

On 31 August 2011, SCOR launched the Insurance-Linked Securities fund "Atropos" dedicated to insurance risks.

This fund enables investors to benefit from extreme natural catastrophe market risks such as hurricanes, earthquakes and storms. This asset class, known as "Insurance-Linked Securities" (ILS), is not correlated to the financial markets, offers high historical yields and facilitates real investment portfolio diversification.

Managed by SCOR Alternative Investments and domiciled in Luxembourg, the Atropos SICAV-SIF, dedicated to institutional investors, has an annual performance objective of Libor + 700 basis points.

"With this investment vehicle, SCOR Alternative Investments is offering the opportunity to access a diversified insurance risk portfolio in terms of perils, regions and instrument types, which is particularly difficult to obtain in this asset class", explains Olivier Nolland, Head of Sales & Marketing at SCOR Alternative Investments.

François de Varenne, CEO of SCOR Global Investments and SCOR Alternative Investments, comments: "The Atropos fund enables investors to benefit from all the experience of SCOR, fifth largest reinsurer in the world, in terms of market access, pricing capability and risk management. For SCOR, the launch of this fund cements its entry into third party asset management, which was one of the initiatives announced as part of its strategic plan, "Strong Momentum".

The asset management companies SCOR Global Investments and SCOR Alternative Investments, which are 100% owned by SCOR, are responsible for managing the Group's asset portfolio, which stood at EUR 12.1 billion on 30 June 2011.

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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

N° 31 – 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