Important Changes after the Balance Sheet Date
The Group structure has changed since the balance sheet date (31 December 2007) or changes are pending.
AWD Holding AG | As part of a takeover bid, Swiss Life Beteiligungs GmbH, a wholly-owned subsidiary of Swiss Life Holding, acquired either directly or indirectly around 86% of the shares in AWD Holding AG on 19 March 2008. AWD Holding AG is based in Hanover and has been listed on the German stock exchange since 20 October 2000 (International Stock Identification Number, ISIN: DE 000 508 5906). Its market capitalisation was around EUR 1.153 billion at the end of February 2008.
BANCA DEL GOTTARDO | Effective 7 March 2008, Swiss Life Holding sold its entire stake in Banca del Gottardo to the Ticino-based bank BSI, which belongs to the Generali Group.
DUTCH AND BELGIAN BUSINESS | The Dutch and Belgian business was sold to SNS REAAL. This transaction involves the operations of the Dutch branch of Rentenanstalt/Swiss Life (Zwitserleven) and the shares of Swiss Life Asset Management (Nederland) and Swiss Life (Belgium). It is expected that the transaction will be completed in the first half of 2008.
