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Zurich Finan Servs (ZURN)

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Wednesday 12 March, 2008

Zurich Finan Servs

Disclosure of shareholdings

Zurich Financial Services
12 March 2008


Disclosure of shareholdings by Credit Suisse Group in accordance with Swiss
Stock Exchange Law

Zurich, March 12, 2008 - Zurich Financial Services, Mythenquai 2, 8002 Zurich,
(Zurich) announces that it received a notification of shareholding as per March
4, 2008 in accordance with articles 9 and 17 of the SESTO-SFBC and in connection
with article 20 of the Swiss Stock Exchange Law by Credit Suisse Group,
Paradeplatz 8, P.O. Box, 8070 Zurich, Switzerland (Credit Suisse) on March 10,
2008. According to this notification, Credit Suisse along with its subsidiaries
has exceeded the threshold of 3 percent of voting rights on Zurich with purchase
and sale positions.

1.   The reported purchase positions on registered Zurich shares include:
          
     •    1,248,045 registered shares (0.857%)

     •    1,041,630 long call options (equals 1,581,018 voting rights 
          respectively 1.086%)

     •    3,627,686 short put options (equals 1,805,296 voting rights 
          respectively 1.240%)
     
Together this equals a purchase position of 3.184% of the share capital and the
voting rights of Zurich entered in the commercial register.

2.   The reported sale positions of registered Zurich shares include:

     •    1,279,441 long put options (equals 2,751,589 voting rights 
          respectively 1.891%)

     •    66,238,077 short call options (equals 2,278,479 voting rights 
          respectively 1.565%)

Together this equals a sale position of 3.456% of the share capital and the
voting rights of Zurich according to the entry in the commercial register.



On January 7, 2008, the Disclosure Office of the SWX Swiss Exchange granted
Zurich a relief from the disclosure requirements in accordance with article 20
of the SESTO-SFBC. Detailed option conditions can be requested at Zurich
Financial Services, Investor Relations, investor.relations@zurich.com, phone:
+41 (0)44 625 22 99, free of charge.
     
3.   Identity of the individual Group members:

Credit Suisse Group, indirectly through its subsidiaries:

•    Clariden Leu Holding AG, Bahnhofstrasse 32, 8001 Zurich, Switzerland
     (indirectly through Clariden Leu AG, Bahnhofstrasse 32, 8001 Zurich,
     Switzerland),

•    Credit Suisse, Paradeplatz 8, P.O. Box, 8070 Zurich, Switzerland,
     directly and  indirectly through its subsidiaries:

     o    Credit Suisse  International, One Cabot Square, Canary Wharf, London,
          E14 4QJ, United Kingdom,

     o    Credit Suisse Life (Bermuda) Ltd., Argyle House, 41 A, Cedar Avenue,
          Hamilton HM 12, Bermuda,

     o    Credit Suisse Life & Pensions AG, Muhleholz 3, 9490 Vaduz, 
          Principality of Liechtenstein,

     o    Credit Suisse (International) Holding AG, Bahnhofstrasse 17, 6300 Zug,
          Switzerland (indirectly through Credit Suisse Investments (UK), One 
          Cabot Square, London E14 4QJ, United Kingdom, indirectly through 
          Credit Suisse Investment Holdings (UK), One Cabot Square, London 
          E14 4QJ, United Kingdom, indirectly through Credit Suisse Securities 
          (Europe) Limited, One Cabot Square, London, E14 4QJ, United Kingdom)
     
4.   Nature of agreement: Group of companies

5.   Proxy for Group members: Nadja Raich, Credit Suisse, Compliance Shared
     Services / Control Room YCHC 4, Uetlibergstrasse 231, P.O. Box 3, 8070 
     Zurich, phone: +41 (0)44 334 79 48; fax: +41 (0)44 333 94 54.

Credit Suisse points to the fact 'that the Disclosure Office has relieved Credit
Suisse Group with Recommendation dated February 6, 2008 from notifications of
changes in the Group according to article 15 paragraph 5 SESTO-SFBC in case
fully controlled subsidiaries either join or leave the Group with regard to
Zurich Financial Services securities. Accordingly, notifications about Zurich
Financial Services securities will only be released in the future if respective
stakes have exceeded or fallen below a threshold respectively new Group members
are added that are not fully controlled by Credit Suisse Group.

The Disclosure Office has granted this relief for a period of 24 months from the
Recommendation dated February 6, 2008. Each individual or each issuer may
request, without presenting a specific interest, information of Credit Suisse
Group about the composition of the Group at the day of their inquiry within two
trading days and free of charge. Contact person: Nadja Raich, Credit Suisse,
Compliance Shared Services / Control Room YCHC 4, Uetlibergstrasse 231, P.O. Box
3, 8070 Zurich, phone: +41 (0)44 334 79 48; fax: +41 (0)44 333 94 54.'

Zurich Financial Services Group (Zurich) is an insurance-based financial
services provider with a global network of subsidiaries and offices in North
America and Europe as well as in Asia Pacific, Latin America and other markets.
Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs
approximately 60,000 people serving customers in more than 170 countries.

THIS RELEASE DOES NOT CONTAIN AN OFFER OF SECURITIES FOR SALE IN THE UNITED
STATES; SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT
REGISTRATION OR EXEMPTION FROM REGISTRATION; AND ANY PUBLIC OFFERING OF
SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS
THAT MAY BE OBTAINED FROM THE ISSUER AND THAT WILL CONTAIN DETAILED INFORMATION
ABOUT THE COMPANY AND MANAGEMENT, AS WELL AS FINANCIAL STATEMENTS.


                      This information is provided by RNS
            The company news service from the London Stock Exchange           FFVXBXBBB