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As part of the additional acceptance period of SCOR SE’s (“SCOR”) public offer for Converium’s Holding AG (“Converium”) publicly held shares (“the Offer”), which opened on July 13, 2007 and was closed on July 26, 2007, 15,032,037 additional Converium shares have been tendered to the Offer, i.e. 10.25% of Converium shares. Together with the 48,320,350 Converium shares already owned by the SCOR Group and the 77,937,316 Converium shares tendered during the initial period of the Offer, SCOR would hold 96.32% of Converium’s share capital in the aggregate.
Subject to the applicable conditions subsequent set forth in the Offer prospectus published on April 5, 2007, as amended on June 12, 2007, the settlement and delivery of the Offer is scheduled to take place on August 8, 2007.
The general assembly of Converium shareholders will be held on 30 August 2007, in order to install the new Board of Directors of Converium as well as the new management structures. The SCOR Group, which is finalizing its new underwriting plan, will be fully ready in time for the Monte Carlo Rendez-Vous.
