MEAG lowers management fee

As of October 1, 2006 MEAG has lowered the management fee of the European money market fund MEAG ProZins A (stock share A of the public MEAG ProZins fund) and of the European cash fund MEAG EuroFlex, from 0.60% to 0.30%.

Dieter Wolf, Managing Director of portfolio management, provides an explanation: "MEAG offers its investors attractive investment funds. We are lowering the management fee and increasing the competitiveness of MEAG Investment funds due to the low recoverable rate of return in the present bond market. MEAG ProZins and MEAG EuroFlex are attractive lots in which to invest current customer's money.

Gerhard Rosenbauer, Managing Director of consumer business: "By lowering the management fee, we expect a rate of return of about three percent within a time span of twelve months. The cash fund MEAG ProZins is therefore, compared to other money market products, much more attractive. Both funds present an interesting alternative to fixed-term deposits."

About MEAG:
MEAG MUNICH ERGO AssetManagement GmbH of Munich, Germany, manages the assets of Munich Re and ERGO Insurance Group. With offices located in New York and Hong Kong, MEAG is a global player. In addition to handling equities, MEAG collaborates with partners outside the Munich Re Group. Currently, MEAG manages assets valued at approximately €180 billion.

Munich, 02/10/2006

Contact:
Dr. Josef Wild
Telephone: +49 (0)89 2489 2072
Fax: +49 (0) 89 2489 2075
Email: JWild@meag.com