Corporate News

Successful start of trading for Talanx share at first price of EUR 19.05

Talanx AG has successfully completed its IPO with today's initial listing of the share (ISIN DE000TLX1005, German Securities Code: TLX100) on the Frankfurt Stock Exchange. The Talanx share started trading with an initial price of EUR 19.05. The first share price was thus around 4.1 percent above the placement price of EUR 18.30 per share. Herbert K. Haas, Chief Executive Officer of Talanx AG, introduced the IPO on the trading floor in Frankfurt this morning together with Deputy CEO Dr. Christian Hinsch and CFO Dr. Immo Querner.

"Today is a very special day for all of us at Talanx. The successful initial listing of our share is the culmination of a lot of hard work and perseverance. So we are all the more pleased with the trust of investors. The IPO is a very important step which allows us to implement our strategy more quickly. Now we want to prove to our new shareholders that we can sustainably create value,” said Haas.

The Talanx IPO is the largest in Germany since November 2007, with a total volume of approximately EUR 817 million. The total volume includes the conversion of the EUR 300 million subordinated bond held by Meiji Yasuda Life Insurance since November 2010 into shares of Talanx AG. Assuming full exercise of the Greenshoe option 11.2 percent of the shares will be free float, 6.5 percent will be held by Meiji Yasuda and the remaining 82.3 percent by HDI V.a.G, which will remain majority shareholder of Talanx AG permanently.

Approximately 97.7 percent of the issue volume was allotted to German and international institutional investors, and 2.3 percent to private investors. The “Principles for the Allotment of Share Issues to Private Investors” issued by the Exchange Expert Commission at the Federal Ministry of Finance on 7 June 2000 were observed in allocating the shares.

The Talanx share was also admitted to trading on the Hannover Stock Exchange today.

The information contained in this news release is not for publication or distribution in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in the United States of America, Canada, Australia or Japan. Talanx AG does not intend to conduct a public offering of securities in any jurisdiction other than the Federal Republic of Germany and the Grand Duchy of Luxembourg. The public offering was based exclusively on a prospectus published by Talanx AG.

This news release does not constitute an offer to sell or the solicitation of an offer to purchase the shares or other securities of Talanx AG. The shares offered in connection with the initial public offering have already been placed.
In particular, this news release is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Any public offering of securities of Talanx AG to be made in the United States of America would have to be made by means of a prospectus that could be obtained from Talanx AG and that would contain detailed information about the company and management, as well as financial statements. Neither Talanx AG nor its shareholder intends to register any part of the offering in the United States of America.