GLOBAL Re Enters Into a Profit and Loss Transfer Agreement With Globale Beteiligung GmbH

By Globale Rueckversicherungs-ag, PRNE
Sunday, October 24, 2010

COLOGNE, Germany, October 25, 2010 - GLOBALE Rückversicherungs-AG (GR), guarantor of the subordinated Step-up
fixed/floated rate bond, has entered into a profit and loss transfer
agreement with Globale Beteiligung GmbH. The board of GR expects a profit for
the year 2010.

    For more Information:

    GLOBAL Reinsurance Company
    Phone: +49-221-2889-301
    Fax: +49-221-2889-303
    Email: tanja.ohlenburg@globalre.com
    Web: www.globalre.com

For more Information: GLOBAL Reinsurance Company, Phone: +49-221-2889-301, Fax: +49-221-2889-303, Email: tanja.ohlenburg at globalre.com, Web: www.globalre.com