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Scor SE

M&A Activity Jul 25, 2011

1653_iss_2011-07-25_cf4460ef-6e30-4ac3-931d-f63aa858fc36.pdf

M&A Activity

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Press Release (p.1/2) 25 July 2011 N°24 – 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 pursues its policy of offering its clients valueadded services by acquiring 100% of the capital of SOLAREH SA

In line with its strategic plan for the period 2010-2013 "Strong Momentum", SCOR has decided to extend and strengthen its value-added service offering for its insurer clients. To this end, SCOR Global Life SE, a subsidiary of SCOR SE, which already held 50% of the capital of SOLAREH SA, has acquired the remaining 50% by purchasing shares from Solareh International Inc.

SOLAREH SA is a service provider established in France and Benelux for over ten years, which promotes concrete, tried and tested solutions for companies through insurance contracts, leading to a marked improvement in their performances. In life & health insurance, SOLAREH SA's offer of services includes, in particular, post-traumatic support and crisis management in a professional environment, the management of sickness absence through assisting and supporting employees with their return to good health and to work, and the prevention of psychosocial risks for employees and managers. In property & liability insurance, SOLAREH SA proposes solutions for the prevention of post-traumatic stress following accidents or dramatic events.

SOLAREH SA counts 25 employees, supported by a network of over 1200 professionals, and has an annual turnover of around EUR 4 million on a market that is growing rapidly in France and Europe. Christian Mainguy has been CEO of SOLAREH SA since December 2010. As part of the integration of SOLAREH SA into SCOR, the company's branding is scheduled to change in September.

Gilles Meyer, CEO of SCOR Global Life and Chairman of the Board of Directors of SOLAREH SA, comments: "With SOLAREH, SCOR Global Life is expanding its range of value-added services for its insurer clients, by providing them with solutions to control claims occurrence through risk prevention within the company and the management of sick leave."

For more information about SOLAREH SA and its range of services, go to www.solareh-sa.com.

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 1 478 740 032 euros

Press Release (p.2/2) 25 July 2011 N ° 24 – 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 1 478 740 032 euros

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