Scor SE

Business and Financial Review • Sep 7, 2011

Press Release (p.1/2) 7 September 2011 N°29 – 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 confirms the targets of its strategic plan "Strong Momentum" at its Investors' Day 2011

At its annual Investors' Day, which is being held in Paris today, 7 September 2011, SCOR will present version V1.1 of its strategic plan "Strong Momentum" for the period 2010-2013, first launched in September 2010.

This updated version of the "Strong Momentum" plan has been prepared to take into account the new dimensions of the Group in 2011, following the acquisition of Transamerica Re's mortality portfolio and the sale of SCOR's US Annuity business. With these two changes, which reinforce the focus of SCOR's Life reinsurance portfolio on biometric risks, the Group now expects to achieve gross written premiums of EUR 10 billion in 2013 (compared to gross written premiums of EUR 6.7 billion in 2010), corresponding to an annual growth rate of 14% from 2010 to 2013.

SCOR has made other adaptations in this version V1.1 of its plan "Strong Momentum":

• integration of the latest economic and financial developments;
• adaptation of its internal model in the context of Solvency 2;
• marginal change to its strategic asset allocation;
• new organisational structure of SCOR Global Life;
• increase in the Natural Catastrophe budget.

With this version V1.1, SCOR confirms the execution of the four cornerstones of its business model and the targets set last year by its strategic plan "Strong Momentum" for the period 2010-2013:

• optimisation of the Group's risk profile;
• "AA" level of security;
• profitability of 1000 basis points above the risk-free rate over the cycle.

Denis Kessler, Chairman & CEO of SCOR, comments: "SCOR is fully committed to delivering on its strategic plan "Strong Momentum", which has proven to be appropriately designed and structured, and reaffirms its four cornerstones - strong franchise, controlled risk appetite, high diversification and robust capital shield. The plan's updated version presented today refines the Group's perimeter along with a few parameters. Despite the current uncertain and challenging environment, SCOR can confirm all the targets set one year ago".

A detailed presentation of the Investors' Day 2011 is available on SCOR's website: www.scor.com

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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) 7 September 2011

N° 29 – 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