Under an agreement dated 6 August 2014 HR GLL Europe Holding S.à.r.l., Luxembourg, acquired all shares in the special purpose property company Mustela s.r.o., Prague, which holds and manages a commercial property in Prague, for a purchase price of EUR 68.9 million. No contingent liabilities, conditional payments or separate transactions as defined by IFRS 3 were identified. The company is included in the consolidated financial statement with effect from the third quarter of 2014.

With effect from 3 March 2014 Hannover Re established the company Hannover Life Reassurance Company of America (Bermuda) Ltd. based in Hamilton, Bermuda. All shares in the company are held by Hannover Life Reassurance Company of America, Orlando. The business object of the company is to assume life insurance risks by way of reinsurance and using capital market instruments as well as to transfer them to other Group companies. The company commenced its business operations in the first quarter of 2014 and has been included in full in Hannover Re’s consolidated financial statement since that date.

Since March 2014 Hannover Rück SE has participated in Meribel TopCo Limited, St. Helier, Jersey, in the form of a financial interest in a direct amount of 19.9% of the company’s shares. The business object of the company is the indirect acquisition of life insurance companies, inter alia Heidelberger Lebensversicherung AG, Heidelberg. Taken together with the shares held by Hannover Re Euro PE Holdings GmbH & Co. KG through a fund, Hannover Re directly and indirectly holds altogether 20.1% of the company’s shares. With effect from the first quarter of 2014 the shares in the company have been recognised in the consolidated financial statement as an equity investment measured at amortised cost.