MEAG EURO PRO with a top performance

The real-estate special fund MEAG EURO PRO generated a return in the 2006 business year of 8.7 % with a dividend payout rate of 6.8 %. Investing in office space in top European locations, MEAG EURO PRO benefited in particular from property value increments in Paris, London and Barcelona in 2006. The real estate assets held in this fund are valued at over Euro 800 million. Investors injected a further Euro 246 million into the fund in 2006, 90 % of which is already invested. The plan is to increase the real estate asset value to Euro 1.5 billion through new investments in the coming years.
MEAG MUNICH ERGO AssetManagement GmbH in München is the asset manager for Munich Re and ERGO Versicherungsgruppe. MEAG has an international orientation with units in New York and Hong Kong, and in addition to managing the group's own assets it also focuses strongly on partners outside the Munich Re group. MEAG currently manages assets to the value of around Euro 184 billion, of which around Euro 15 billion are in real estate.

Munich, 30 March 2007

Contact:
Dr. Josef Wild
Telephone: +49 89 | 2489 - 2072
Fax: +49 89 | 2489 - 2075
Email: JWild@meag.com