3,242,444 new Zurich shares listed to fulfill obligations under employee share and option plans

Zurich, May 7, 2007 – Zurich Financial Services (Zurich) today announced the listing of 3,242,444 new registered shares with a nominal value of CHF 0.10 per share out of contingent capital at the SWX Swiss Exchange. The shares are allocated to be issued over time to meet Zurich’s obligations under various employee share and option plans as they arise. Shareholders had approved an increase of contingent share capital for employees by CHF 324,244.40 at the Annual General Meeting on April 3, 2007.