Zurich Financial Services is today paying CHF 2.50 per registered share resulting from the nominal value reduction

July 1 2004

Zurich Financial Services (Zurich) today pays out to shareholders the reduction in nominal value of each registered share of CHF 2.50, as approved by the Annual General Meeting on April 16 of this year.

After completing the necessary requirements, Zurich has reduced its share capital by CHF 360,017,387.50 from CHF 1,296,062,595 to a new total of CHF 936,045,207.50 by reducing the nominal value of each registered share from CHF 9 to CHF 6.50.

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Zurich Financial Services is an insurance-based financial services provider with a global network that focuses its activities on its key markets in North America and Europe. Founded in 1872, Zurich is headquartered in Zurich, Switzerland. Zurich has offices in more than 50 countries and employs about 62,000 people.

For further information please contact:
Zurich Financial Services, Media and Public Relations
8022 Zurich, Switzerland
Phone +41 (0)1 625 21 00, Fax +41 (0)1 625 26 41
http://www.zurich.com
SWX Swiss Exchange/virt-x: ZURN