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Swiss Life in exclusive negotiations on sale of Banca del Gottardo

20.01.2004

Swiss Life has entered into exclusive negotiations on the sale of Banca del Gottardo with a consortium including UniCredito Italiano, swissfirst Bank AG and private investors. Swiss Life expects the negotiations to be concluded in the next few weeks. The parties have agreed not to disclose any further information on the subject-matter or progress of the negotiations until that time.

Swiss Life
Swiss Life is a leading provider of life insurance and long-term savings and protection. Swiss Life offers individuals and companies comprehensive advice and 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 50 countries.

Swiss Life Holding, registered in Zurich, was founded in 1857 as the Swiss Life Insurance and Pension Company. Shares of Swiss Life Holding are listed on the SWX Swiss Exchange (SLHN). The enterprise employs around 11 000 people worldwide.
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This press release is made by Swiss Life and may not be copied, altered, offered, sold or otherwise distributed to any other person by any recipient without the consent of Swiss Life. Although all reasonable effort has been made to ensure the facts stated herein are accurate and that the opinions contained herein are fair and reasonable, this document is selective in nature and is intended to provide an introduction to, and overview of, the business of Swiss Life. Where any information and statistics are quoted from any external source, such information or statistics should not be interpreted as having been adopted or endorsed by Swiss Life as being accurate. Neither Swiss Life nor any of its directors, officers, employees and advisors nor any other person shall have any liability whatsoever for any loss howsoever arising, directly or indirectly, from any use of this information. The facts and information contained herein are as up to date as is reasonably possible and may be subject to revision in the future. Neither Swiss Life nor any of its directors, officers, employees or advisors nor any other person makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this press release. Neither Swiss Life nor any of its directors, officers, employees and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this press release. This press release may contain projections or other forward-looking statements related to Swiss Life that involve risks and uncertainties. Such statements are made on the basis of assumptions and expectations that Swiss Life believes to be reasonable at this time, but which may prove to be erroneous, and such statements may therefore differ materially from actual future results or events. All forward-looking statements are based on information available to Swiss Life on the date of its posting and Swiss Life assumes no obligation to update such statements unless otherwise required by applicable law. This press release does not constitute an offer or invitation to subscribe for, or purchase, any shares of Swiss Life.
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