Hannover Rueck SE

Legal Proceedings Report • Sep 17, 2001

News Details

Ad-hoc | 17 September 2001 16:54

Hannover Rückvers. english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Our ad hoc announcement of 13 September 2001 relating to Hannover Re’s exposure in respect of the terrorist acts in the USA has obviously led to some misinterpretation in the financial markets. The published exposure of approximately EUR 400 million is a pre-tax effect. As our previous result’s forecast assumed a pre-tax profit of EUR 400 million, this additional exposure is not expected to cause a net loss for the year. Furthermore, this loss will have no effect on the stockholders’ equity of the Hannover Re Group so that we will be able to benefit fully from the increase in rates, which are already apparent as a result of this catastrophe and can expect an exceptional result for 2002. end of ad-hoc-announcement (c)DGAP 17.09.2001 ——————————————————————————– WKN: 840221; Index: MDAX Listed: Amtlicher Handel in Hannover, Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Stuttgart 171654 Sep 01