Swiss Re completes public share buy-back programme

• 2016 share buy-back programme completed as of 9 February 2017 • Programme was launched as a way to return excess capital to shareholders

Swiss Re announces that it has completed the 2016 public share buy-back programme of up to CHF 1.0 billion purchase value, authorised by the Annual General Meeting on 22 April
2016 and which it launched on 4 November 2016.

Since 4 November 2016, Swiss Re has repurchased 10 620 280 of its shares for a total purchase value of CHF 999 999 942.06 at an average purchase price of CHF 94.16 per share.

The public share buy-back programme was established to achieve Swiss Re's objective of returning capital to shareholders when excess capital is available, no major loss event has occurred and other business opportunities do not meet Swiss Re's strategic and financial objectives.

Information about the completed buy-back programme is available under the following link:

http://www.swissre.com/investors/shares/share_buyback/