As approved by shareholders at the General Meeting of Swiss Life Holding on 9 May, a reduction in par value will be effected instead of a dividend distribution for the 2005 financial year. This will result in a payment to shareholders of CHF 5 in nominal value per registered share. In contrast to a dividend payment, a return of par value is not subject to withholding tax. The key date for determining the entitled shareholders is 2 August 2006. For shareholders in Switzerland, the payout takes place free of charge on 3 August 2006 (value date).

Following the reduction of the par value from CHF 46 to CHF 41 per registered share, Swiss Life Holding's share capital as stated in the Articles of Association and entered in the Commercial Register will be reduced from CHF 1,553,699,588 to a new total of CHF 1,384,819,198.


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Swiss Life

The Swiss Life Group is one of Europe’s leading providers of pension and life insurance products. The Swiss Life Group offers individuals and companies comprehensive advice across a broad range of products via agents, brokers and banks in its domestic market, Switzerland, where it is market leader, and selected European markets. Multinational companies are serviced with tailor-made solutions by a network of partners in over 60 countries and regions. With Banca del Gottardo, the Swiss Life Group is also a provider of private banking services. The bank, with its head office in Lugano, has an extended national and international network and around CHF 40 billion in customer assets under management.

Swiss Life Holding, registered in Zurich, dates back to the Swiss Life Insurance and Pension Company founded in 1857. Shares of Swiss Life Holding are listed on the SWX Swiss Exchange (SLHN). The Swiss Life Group employs a staff of more than 9000.

Cautionary statement regarding forward-looking information

This publication contains specific forward-looking statements, e.g. statements including terms like “believe”, “assume”, “expect” or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the company and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties readers should not place undue reliance on forward-looking statements. The company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.