Zurich Financial Services has exercised its option to redeem €300m of Series A Preference Shares issued by Zurich Financial Services (Jersey) in December 1999 on the Euromarket. The shares carry a coupon of 7.125%.

Repayment to investors of the 12,000,000 Preference Shares of €25 par value each, listed on the Luxembourg Stock Exchange, will take place on 16 March 2006 together with the preference dividend accrued up to and including the redemption date.

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