Information on Share

Information on share performance | In a reflection of the global financial market crisis, the development of the Swiss Life share price was disappointing in 2008. Following the distribution of profit in 2008 amounting to CHF 17 per share for the 2007 financial year, the Board of Directors will propose a distribution of CHF 5 per share for 2008 to the General Meeting of Shareholders in May.

The persistent distortion of the financial markets in 2008 weighed down on the price of the Swiss Life share. With the situation becoming increasingly acute, the price trend was particularly disappointing in the second half of the year. In August Swiss Life said that the share buyback programme of up to CHF 2.5 billion announced in connection with the extraordinary receipts from disposals would be restricted to a maximum of CHF 1 billion. The Board of Directors decided in November to suspend the buyback programme entirely, due to the further deterioration of the market environment. Swiss Life had bought back around 3 million shares by the end of October 2008 for CHF 686 million under the share buyback programme approved at the General Meeting of Shareholders in May 2008. At the General Meeting of Shareholders on 7 May 2009, the Board of Directors will propose a distribution of profit in the form of a repayment of par value amounting to CHF 5 per share.

Swiss Life share details

Swiss security number		1 485 278

ISIN		CH 001 485 278 1

Ticker symbol SIX		SLHN

Reuters		SLHN.VX

Bloomberg		SLHN VX

Share performance

Amounts in CHF	as at	2008	as at	2007

Number of shares (incl. conversions in 2008)	31.12.2008	35 084 554	31.12.2007	34 960 439

Annual high	02./05.05.2008	298.66	06.11.2007	326.00

Annual low	21.11.2008	63.90	16.08.2007	266.50

Year-end price	30.12.2008	72.40	28.12.2007	283.00

Performance Swiss Life (in %)		–74		–5

Swiss Market Index (SMI)	30.12.2008	5 535	28.12.2007	8 484

Performance Swiss Market Index (SMI) (in %)		–35		–3

Dow Jones STOXX 600 Insurance Index (in EUR)	30.12.2008	134	28.12.2007	252

Performance of Dow Jones STOXX 600 Insurance Index (in %)		–47		–12

Average trading volume		241 000		327 843

Market capitalisation	30.12.2008	2 540 121 710	28.12.2007	9 893 804 237

Diluted earnings per share	31.12.2008	10.88	31.12.2007	39.60

Dividend paid per share	29.07.2008	17.00	03.08.2007	7.00

Dividend yield on year-end price (in %)	30.12.2008	23.48	28.12.2007	2.47

Source: Bloomberg

Image: Swiss Life share price chart 03.01.2007 - 28.02.2009

Breakdown of registered shares with voting rights As at 31.12.2008

Number of shares	Number of shareholders	In % of registered shareholders

1 – 25	161 879	83.21

26 – 100	22 278	11.45

101 – 1 000	9 495	4.88

> 1 000	886	0.46

Total	194 538	100.00

Standard & Poor's counterparty credit ratings

As at 31.12.2008	Classification	Outlook

Swiss Life/Rentenanstalt, Zurich	BBB+	stable

Swiss Life Holding Ltd, Zurich	BBB–	stable

Standard & Poor's financial strength ratings

As at 31.12.2008	Classification	Outlook

Swiss Life/Rentenanstalt, Zurich	BBB+	stable

Schweizerische Rententanstalt, Munich (Swiss Life/Rentenanstalt branch)	BBB+	stable

Bonds

As at 31.12.2008	Convertible bond	EUR Perpetual nc10 Fiduciary Certificates	¹	EUR Perpetual nc10 Notes	²

Issuer	Swiss Life Holding, Zürich	J.P. Morgan Bank, Luxemburg		ELM B.V. (independent repackaging vehicle)

S&P rating	BBB–	BBB–		BBB–

Ranking	Senior	Subordinated		Subordinated

Nominal value	CHF 42 703 000	EUR 350 000 000		EUR 700 000 000

Interest rate	0.625%, payable annually	5%, payable annually		5.849%, payable annually

Life	June 2004 – June 2010	November 2005 (issued), perpetual		April 2007 (issued), perpetual

ISIN	CH0018461092	XS0235535035		XS0295383524

Listing	SIX	Luxembourg Stock Exchange		Irish Stock Exchange

1 The notes are issued by the fiduciary to fund a step-up subordinated perpetual loan to Swiss Life/Rentenanstalt.
2 The notes are issued by ELM to fund step-up subordinated perpetual loan notes to Swiss Life/Rentenanstalt which are guaranteed by Swiss Life Holding.