Corporate News

Talanx AG completes IPO with fully exercised Greenshoe

In the context of the IPO of Talanx AG (ISIN: DE000TLX1005, German Securities Code: TLX100), Deutsche Bank, acting as stabilization manager for the account of the other underwriting banks, fully exercised the Greenshoe on 8 October 2012. With this step, Talanx successfully concludes its stock exchange listing.

The Greenshoe option comprised approximately 2.7 million shares which were allocated to the syndicate banks for overallotments. As previously announced Talanx has generated additional gross proceeds of EUR 50 million from the fully exercised Greenshoe. The total size of the transaction thus amounts up to EUR 817 million including the EUR 300 million subordinated bond held by Meiji Yasuda Life Insurance which was converted into shares of Talanx AG at the IPO price.

Following the implementation of the capital increase in connection with the Greenshoe, the free float of Talanx will amount to approximately 11.2 percent. 6.5 percent of the shares will be held by Meiji Yasuda. The remaining 82.3 percent of the shares will be owned by HDI V.a.G. The total number of shares following the implementation of the capital increase will be 252,625,682.

The information contained in this news release is not for publication or distribution in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in the United States of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.

Disclaimer
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 of-fered 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.