Munich RE – Green Tech Solutions

Strong Partner in Renewable Energy Risk Solutions

George Schulz,

Senior Business Development Manager

Munich RE

World leading reinsurance company

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Munich RE (Group)*

Primary insurance

Reinsurance Munich Health

Asset Management

Rating agency

A.M. Best

Fitch

Moody‘s

Standard & Poor‘s

Rating

A+ (Superior)

AA- (Very strong)

Aa3 (Excellent)

AA- (Very strong)

Very strong and stable ratings

*This listing is incomplete and provides no precise indication of shareholdings.

Corporate Insurance Partner unit bundles Munich RE’s expert know-how to make large single

risks assessable and insurable for medium-sized and large industrial clients worldwide

Active investor in clean technologies

through Renewable Energy New

Technology (“RENT”) initiative

Green Tech Solutions – Strong Partner in Renewable Energy Risk Solutions

Green Tech Solutions

Innovative insurance solutions for the clean tech sector

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Current

Portfolio

Photovoltaic Concentrated Solar Power

Wind (on- & offshore) Others: LED, Fuel Cell

Green Tech Solutions – Strong Partner in Renewable Energy Risk Solutions

Insurance as Business Enabler

Ongoing development of new innovative risk solutions

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Bio Fuel

Biomass

Desalination

Energy storage

New Solutions

in development Capacity, power and lifetime of the battery

Material Defects

Material Aging

Determined Risks

Powerful differentiator in a competitive market

Risk mitigation, balance sheet protection and

technology assessment

Bankability

Performance &

Availability

Guarantee:

Clients’ Potential

Benefits

Cooperation with third parties

with strong expertise

Introduced unique performance insurance

for Fuel Cell

supporting investment grade rating for

project financing bond

Green Tech Solutions – Strong Partner in Renewable Energy Risk Solutions

Bankability through insurance coverage

Disclaimer

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Münchener Rückversicherungs-Gesellschaft (“Munich Reinsurance Company”) is a

reinsurance company organized under the laws of Germany. In some countries,

including in the United States, Munich Reinsurance Company holds the status of

an unauthorized reinsurer. Policies are underwritten by Munich Reinsurance

Company or its affiliated insurance and reinsurance subsidiaries. Certain

coverages are not available in all jurisdictions.

This presentation contains forward-looking statements that are based on current

assumptions and forecasts of the management of Munich Re. Known and

unknown risks, uncertainties and other factors could lead to material differences

between the forward-looking statements given here and the actual development, in

particular the results, financial situation and performance of our Company. The

Company assumes no liability to update these forward-looking statements or to

conform them to future events or developments.

Green Tech Solutions – Strong Partner in Renewable Energy Risk Solutions