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| Converium Holding AG |
| Baarerstrasse 8, Zug, Switzerland CH-6300 |
| Offering Information Company has | ||||
| Trading As | CHR (NYSE) | Industry | Financial (SIC 6331) | |
| Type of Stock Offered | American Depositary Receipts | Filing Date | 11/19/2001 | |
| Domestic Shares Offered | 23,333,333 | Offer Date | 12/11/2001 | |
| Foreign Shares Offered | 46,666,667 | Filing Range | $21.75 - $27.19 | |
| Company Shares | 0 | Offer Price | $24.59 | |
| Selling Shrhldrs Shares | 70,000,000 | Gross Spread | $0.680 | |
| Gross Proceeds | $1,721,300,011 | Selling | $0.406 | |
| Expenses | - - | Reallowance | - - | |
| Post-IPO Shares | 40,000,000 | Employees | - - | |
| Spun out from: | Zurich Financial Services | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| UBS Warburg LLC | Lead Manager | |
| Banc of America Securities LLC | Co-manager | (415) 627-2100 |
| Fox-Pitt, Kelton, Inc. | Co-manager | (212) 687-1105 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Schroder Salomon Smith Barney | Co-manager |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1998 | 12/31/1999 | 12/31/2000 | 6/30/2000 | 6/30/2001 | ||
| Revenues | - | - | 1,586.500 | 1,713.900 | 2,150.500 | 1,024.900 | 1,137.500 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | 116.300 | 57.800 | -29.300 | 12.500 | -60.500 |
| E.P.S | - | - | 2.910 | 1.450 | -0.730 | 0.310 | -1.510 |
| Revenue Growth (%) | - | - | 8.03 | 25.474 | 10.99 | ||
| Net Income Growth (%) | - | - | -50.30 | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | 7.33 | 3.37 | - | - | 1.22 |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/2001 | Financial Ratios | ||||
| Total Assets | 8,430.00 | Current Assets | - | Current Ratio | - |
| Total Liab. | 7,417.90 | Current Liab. | - | Debt Ratio | 87.99% |
| Total Equity | 1,012.10 | Working Cap. | - | Debt to Equity Ratio | 7.33 |
| Cash | - | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be distributed to the selling shareholder. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Willkie Farr & Gallagher |
| Bank's Law Firm | Davis, Polk & Wardwell |
| Auditor | Pricewaterhouse Coopers LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Zurich Financial Services | 100.00 | 12.50 |
| Note: represents ownership of 5% or more prior to the offering. | ||