SOURCE: SCOR Holding (Switzerland) AG

January 10, 2008 01:00 ET

SCOR Holding (Switzerland) Ltd's American Depositary Shares delisted from the NYSE on 7 January 2008

ZURICH, SWITZERLAND--(Marketwire - January 10, 2008) -

Zurich, Switzerland - January 10, 2008

SCOR Holding (Switzerland) Ltd. announces that its American Depositary Shares ("ADS") were delisted on 7 January 2008 from the New York Stock Exchange, following the company's application for voluntary delisting filed on 26 December 2007.

This decision by SCOR Holding (Switzerland) Ltd. to delist from the New York Stock Exchange and to terminate the registration of its securities under the US Securities Exchange Act of 1934, was motivated by SCOR SE's acquisition of more than 98% of the outstanding shares and ADS of SCOR Holding (Switzerland) Ltd.

Another reason for delisting and deregistration is based on the fact that on October 25, 2007, SCOR SE, the parent company, filed a cancellation action with respect to the remaining shares of SCOR Holding (Switzerland) Ltd. not owned by the SCOR Group in accordance with article 33 of the Swiss Federal Act on Stock Exchanges and Securities Trading.

Furthermore, SCOR Holding (Switzerland) Ltd. is continuously seeking to optimize its operating costs.


Communications                Marco Circelli
Phone:     +41 44 639 90 22   Head of Investor Relations
Fax:         +41 44 639 70 22
                              Phone:      +41 44 639 91 31
                              Fax:          +41 44 639 71 31

                              Inken Ehrich
                              Investor Relations Specialist
                              Phone:      +41 44 639 90 94
                              Fax:          +41 44 639 70 94

SCOR Holding (Switzerland) Ltd.

SCOR Holding (Switzerland) Ltd. is a subsidiary of SCOR SE and is based in Zurich, Switzerland. The Company has an "A-" ("strong") financial strength rating (outlook stable) from Standard & Poor's and a "A-" ("excellent") financial strength rating (outlook stable) from A.M. Best Company.

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