Shareholder profile

Shareholder structure in % of share capital:
(Source: Munich Re Shareholders' Register)

Status: 11/2008
Free float 100.0%
01 Banks 0.3%
02 Insurance companies 2.1%
03 Investment companies 7.4%
04 Other institut. Investors(1) 82.9%
05 Private shareholders 7.3%

Status: 11/2007
Free float 100.0%
01 Banks 0.5%
02 Insurance companies 6.2%
03 Investment companies 9.2%
04 Other institut. Investors 77.2%
05 Private shareholders 6.9%
   

(1) 5,15% of the share capital are attributable to AllianceBernstein L.P., an asset management firm in USA (as at 26.09.2006) According to the declaration of AXA (AllianceBernstein is appropriate to AXA) the shares are held as pure financial assets and are not considered as core shareholdings. There are no strategic interests.

Now Free Float 100%

The number of shareholders entered in our shareholders' register amounts to around 110,000 (November 2008).

The free float — increasingly important for the weighting of our shares in share price indices — has grown significantly since 1999, from 45% to 100% now.