Government of Singapore Holds and Manages 5.19% of Converium Shares in Various Funds; Putnam Decreases Holding in Converium from 5.112% to 4.928%.Business Editors ZUG Zug (ts  k), canton (1993 pop. 87,100), 93 sq mi (241 sq km), N central Switzerland. , Switzerland--(BUSINESS WIRE)--May 7, 2003 Converium Holding Ltd hereby informs that Government of Singapore The Government of Singapore is formed by the political party which gains a simple majority in the general elections held in Singapore at least once every five years. It is part of Singapore's political system and supported by the Singapore Civil Service. , Investment Corporation Pte Ltd (GIC GIC See: Guaranteed Investment Contract GIC See guaranteed investment contract (GIC). ), 168 Robinson Road #37-01, in Singapore 068912, has acquired 2,077,570 registered shares in Converium Holding Ltd, Zug. This corresponds to 5.19% of Converium's registered shares. These shares are held and managed in various funds. None of these funds is holding shares in an amount, which exceeds 5% of Converium's registered share capital, and the shares are held for investment purposes. Following receipt of notice from Putnam we furthermore inform you that Putnam Investment Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and The Putnam Advisory Company, LLC ("Putnam"), one Post Office Square, Boston MA 02109, has changed its stake in Converium Holding Ltd registered shares in 2003 as follows: -- Purchase of 2,029,788 registered shares or 5.074% of Converium Holding Ltd registered shares on January 28, 2003 -- Decrease from 2,029,788 to 1,925,647 registered shares or from 5.074% to 4.814% of Converium Holding Ltd registered shares on April 8, 2003 -- Increase from 1,925,647 to 2,044,965 registered shares or from 4.814% to 5.112% of Converium Holding Ltd registered shares on April 23, 2003. -- Decrease from 2,044,965 to 1,971,410 registered shares or from 5.112% to 4.928% of Converium Holding Ltd registered shares on April 25, 2003 These shares are held and managed in various funds. None of these funds is holding shares in an amount, which exceeds 5% of Converium's registered share capital, and the shares are held for investment purposes. Currently disclosed share holdings in Converium Holding Ltd, Zug In accordance with the notification requirements as set by the SWX Swiss Exchange SWX Swiss Exchange An all-electronic securities exchange formed from the 1995 merger of exchanges in Geneva, Basel, and Zurich. The exchange offers trading in equity securities, investment funds, exchange-traded funds, bonds, Eurobonds, and options. the following interests have been previously notified to Converium Holding Ltd, Zug.: -- Fidelity International Limited ("Fidelity"), Hamilton/Bermuda - 9.87% (date of notification April 28, 2003) -- Wellington Management Company Wellington Management Company is a Boston, Massachusetts based investment management firm. Founding and Early Years Wellington Management Company was incorporated in Philadelphia, Pennsylvania in 1933, five years after the creation of the Wellington Fund by Walter L. ("Wellington"), LLP LLP - Lower Layer Protocol , Boston/Massachusetts, U.S.A. - 7.68% (date of notification January 11, 2002) -- Government of Singapore (GIC), Singapore, - 5.19%, (date of notification April 24, 2003) -- Putnam Investment Management, LLC und Putnam Advisory Company, LLC - 4.928% (date of notification April 25, 2003) Fidelity is an investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , which provides investment advisory and management services to a number of non-U.S. investment companies or instrument trusts and certain institutional investors. Wellington is an investment advisor and portfolio manager having voting authority for 47 investment advisory clients, none of which has an individual shareholding in excess of 5%. Government of Singapore Investment Corporation The Government of Singapore Investment Corporation Private Limited (GIC) is a global investment management company established by the Government of Singapore in 1981 to manage Singapore's foreign reserves. Pte Ltd (,,GIC") is a private company, wholly owned by the Government of Singapore and acts as a global asset manager. Each Putnam entity is an investment advisor registered in the United States pursuant to the Investment Advisors Act of 1940. |
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