Following receipt of all the necessary permits and authorisations, Swiss Life has completed the sale of its Dutch and Belgian businesses to SNS REAAL for a consideration of EUR 1.53 billion (CHF 2.45 billion).
On 19 November 2007, Swiss Life announced that it was selling its Dutch and Belgian operations to SNS REAAL. Following approval by the relevant authorities, the sale was completed today for a final consideration totalling EUR 1.53 billion (CHF 2.45 billion). This results in a 2008 profit contribution of around CHF 850 million, which will be posted in the first half of the year. The units concerned will be fully consolidated in the financial statements of Swiss Life up to 29 April 2008.

SNS REAAL plans to retain the Zwitserleven name in the Netherlands and is entitled to use the existing logo for a transitional period of four months. The parties involved in the sale have also agreed that Swiss Life Belgium SA may use its name and corporate identity until the end of 2008.


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Swiss Life
The Swiss Life Group is one of Europe's leading providers of life insurance and pension solutions. The Group offers individuals and corporations a broad range of products combined with comprehensive advice through its own sales force as well as brokers and banks in Switzerland, France and Germany. It provides internationally operating corporations with employee benefits solutions from a single source, and is among the global leaders in structured life and pension products for high net worth individuals with its centres of competence in Luxembourg, Liechtenstein and Singapore.

Swiss Life is the majority shareholder of the Hanover-based AWD Group, one of Europe's top financial services providers for the medium- and high-income customer segments. AWD offers its clients independent financial advisory services. It employs over 6300 financial consultants in ten European countries.

Swiss Life Holding, registered in Zurich, was founded in 1857 as Schweizerische Rentenanstalt. The shares of Swiss Life Holding are listed on the SWX Swiss Exchange (SLHN).
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