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Salary adjustments at Swiss Life as of 1 April 2005

14.12.2004

Swiss Life is to increase its overall payroll for staff employed at internal services in Switzerland by 1 percent. Employees with a gross salary of up to CHF 85 000 will receive a 2 percent wage rise, provided they achieve the personal objectives they have been set.

In addition to the stated rise, the payroll increase will be used to adjust individual salaries, where appropriate, to reflect the assumption of greater responsibilities or to take account of market conditions, again on condition that individual performance fully meets expectations.

Furthermore, the company can award bonuses to members of staff at every level for outstanding achievements in the 2004 financial year (to be paid in April 2005).

Swiss Life

The Swiss Life Group is one of Europe's leading providers of life insurance and long-term savings and protection. 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 forty 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 10 000 people worldwide.
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