022 Chap. 1 MANAGEMENT THE AMB GENERALI SHARE The AMB Generali Share In a difficult overall environment for insurance stock, the AMB Generali share experienced a slight decrease in 2007. In the course of the year 2007, stock markets continued their positive development of previous years. Especially in the first half of the year, stock exchanges experienced strong gains while the second half was characterized by uncertainty in the wake of the U.S. property crisis. On the whole, the U.S. Dow Jones index witnessed a 9 percent performance in the year under report while the European DJ STOXX index gained 2 percent. The index development in Germany was also positive, with the 22 percent gain of the DAX by far exceeding the 5 percent performance of the MDAX. The Prime Insurance Index of relevance for the German insurance industry was not able to fol- low this positive development and quoted at a nearly unchanged level at year-end. Similarly, the AMB Gen- erali share lost 1 percent in terms of this performance, which takes the dividend into account. At the end of 2007, the share quoted at 106.75 which is 3 percent below the year-end level 2006. Market places and indices The AMB Generali share is admitted to the prime standard segment and is traded on all German stock markets. The bulk of share transactions, i.e. more than 77.9 percent, were handled by the XETRA electronic trading platform. In addition, the AMB Generali share is represented in the MDAX and the Prime Insurance indices. Dividend for the business year 2007 The dividend policy of AMB Generali is character- ized by a continuous participation of shareholders in the growing business success of the company. In the past 10 years ­ with the exception of 2002 and 2003, which were very difficult years for insurance compa- nies, when dividends remained at the previous year's level ­ shareholders have benefited from the suc- cessful business development by continuously rising dividends. Also this year, the Board of Management and the Supervisory Board will propose to the General Meeting to be held on May 6, 2008 to distribute a dividend of 2.90 for each unit share for the business year 2007, which is 0.60 above the previous year's dividend level. Share capital of AMB Generali The subscribed capital of AMB Generali remains unchanged at the previous year's level of 137,420,784.64. Shareholder structure of AMB Generali As at February 18, 2008 Assicurazioni Generali S.p.A., Trieste, indirectly held a stake of 85.49 percent in AMB Generali (as at December 31, 2007: 85.05 percent). The free float comprises the remaining 14.51 percent of the shares which are held by other institu- tional investors, companies and private persons with an interest of less than 3 percent each. Number of Reuters Security bearer shares symbol id. no.: 137,420,784.64 53,679,994 AMBG 840 002 as at December 31, 2007 Share capital of AMB Generali · The AMB Generali share developed in parallel with the Prime Insurance Index of relevance for the insurance industry. · The dividend policy of AMB Generali is marked by a continuous participation of shareholders in the rising success of their company.