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On April 3, 2007, the Board of Directors of SCOR adopted a resolution to seek the delisting of its American Depositary Shares representing Ordinary Shares from the NYSE and their deregistration pursuant the U.S. Securities and Exchange Commission's newly adopted rules on deregistration applicable to foreign private issuers when that rule becomes effective. SCOR currently expects the delisting and deregistration to become effective during June 2007.
In addition, during the same meeting, the SCOR Board of Directors decided to apply for a secondary listing for SCOR on the SWX Swiss Exchange upon consummation of the public tender offer for all publicly held registered shares of Converium Holding AG.
