St.Gallen, 3 December 2012 Media release Successful conclusion of the portfolio acquisition and reorganisation of management at Helvetia France Helvetia has completed the acquisition of the French transport insurance portfolio of Gan Eurocourtage, a subsidiary of Groupama SA, announced on 17 July 2012. The transaction was concluded after supervisory approval. Vincent Letac will become a new member of the Executive Management of Helvetia France as Deputy CEO. On 1 July 2013 he will replace Alain Tintelin as CEO, who will then retire. The acquisition of the Groupama Transport portfolio boosts the existing premium volume of Helvetia France, which specialises in transport insurance, to around EUR 230 million, virtually a three-fold increase. With this acquisition, Helvetia France, the former number five on the French transport insurance market, will become the strong number two. Alain Tintelin, who has successfully presided over Helvetia France as CEO since 1993, will use his wealth of experience to guide the company through the now impending initial integration phase. He will then retire as of 30 June 2013. He will be succeeded on 1 July 2013 by Vincent Letac, who was elected to Helvetia France's Executive Management as Deputy CEO as of 1 December 2012. Vincent Letac has been working for Groupama since 1998, most recently as head of the Gan Eurocourtage Marine & Transport division. Stefan Loacker, CEO of Helvetia Group, commented: "Today a new era is dawning for Helvetia France. I'm convinced that, thanks to this attractive acquisition, Helvetia will establish a lasting position in France as the best specialist in the French transport insurance market." This media release is also available online at www.helvetia.com/en/media. For further information please contact: Media Analysts Helvetia Group Helvetia Group Martin Nellen Nicola Maria Breitschopf Corporate Communications Investor Relations and Brand Management Dufourstrasse 40 Dufourstrasse 40 CH-9001 St.Gallen, Switzerland CH-9001 St.Gallen, Switzerland Telephone: +41 58 280 56 04 Telephone: +41 58 280 56 88 Fax: +41 58 280 55 89 Fax: +41 58 280 55 89 firstname.lastname@example.org email@example.com www.helvetia.com www.helvetia.com About Helvetia Group In over 150 years, Helvetia Group has grown from a number of Swiss and foreign insurance companies into a successful insurance group that does business everywhere in Europe. Today, Helvetia has branch offices in Switzerland, Germany, Austria, Spain, Italy and France, and routes some of its investment and financing activities through subsidiaries and fund companies in Luxembourg and Jersey. The Group is headquartered in St. Gallen in Switzerland. Helvetia is active in the life, property and casualty and reinsurance business, and almost 4,900 employees provide services to more than 2.5 million customers. With a business volume of CHF 7.2 billion, Helvetia posted a net profit of CHF 288.7 million in the 2011 financial year. The Helvetia Holding registered share is traded on the SIX Swiss Exchange under the symbol HELN. Cautionary note regarding forward-looking statements This document was prepared by Helvetia Group and may not be copied, altered, offered, sold or otherwise distributed to any other person by any recipient without the consent of Helvetia Group. Although all reasonable effort has been made to ensure that the facts stated herein are correct and the opinions contained herein are fair and reasonable, where any information and statistics are quoted from any external source such information or statistics should not be interpreted as having been adopted or endorsed as accurate by Helvetia Group. Neither Helvetia Group nor any of its directors, officers, employees and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this information. The facts and information contained in this document are as up to date as is reasonably possible but may be subject to revision in the future. Neither Helvetia Group nor any of its directors, officers, employees or advisors nor any other person makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document. This document may contain projections or other forward-looking statements related to Helvetia Group which by their very nature involve inherent risks and uncertainties, both general and specific, and there is a risk that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include: (1) changes in general economic conditions, in particular in the markets in which we operate; (2) the performance of financial markets; (3) changes in interest rates; (4) changes in currency exchange rates; (5) changes in laws and regulations, including accounting policies or practices; (6) risks associated with implementing our business strategies; (7) the frequency, magnitude and general development of insured events; (8) mortality and morbidity rates; (9) policy renewal and lapse rates. We caution you that the foregoing list of important factors is not exhaustive; when evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties. All forward-looking statements are based on information available to Helvetia Group on the date of its publication and Helvetia Group assumes no obligation to update such statements unless otherwise required by applicable law. The purpose of this document is to inform the shareholders of Helvetia Group and the public about the completion of the portfolio acquisition of Gan Eurocourtage and the organisation of the Helvetia France management. This document does not constitute an offer or a solicitation to exchange, buy or subscribe to securities, nor does it constitute an offering circular as defined by Art. 652a of the Swiss Code of Obligations or a listing prospectus as defined by the listing rules of the SIX Swiss Exchange. Should Helvetia Group in the future make one or more capital increases, investors should make their decision to buy or to subscribe for new shares or other securities solely based on the relevant offering circular. 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Media release: Successful conclusion of the portfolio acquisitio
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