Investor Presentaiton

THE GOVERNMENT OF THE GRAND-DUCHY OF LUXEMBOURG Ministry of Finance 6: STRONG PRESENCE IN THE GLOBAL WORLD OF FINANCE Luxembourg is furthermore one of the EU's major centres in the Insurance and Reinsurance industry International activity represents 90% EUR 172 bn of total balance sheet 331 entities EUR 35 bn of premiums received Strong solvency margin of 231% (2,5 x the legal minimum) Source: CAA Investor Presentation, June 2013 23 of 40

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