4.4 Legal risk - Scor

On 4 July 2012, Alecta Pensionsförsäkring declared that it had fallen below the registered thresholds of 5% of the capital
and voting rights in SCOR and that they held 9,400,000 shares representing 4.90% of the capital and voting rights in SCOR.
On 26 September 2012, Malakoff Mederic Assurances declared that it had exceeded the registered thresholds of 2.5% of
the capital and voting rights in SCOR due to the acquisition, outside the market, of 5,335,996 shares from Malakoff Mederic
Prevoyance. This transaction was part of an internal reclassification exercise within the Malakoff Mederic Group.
As at 31 December 2011:
• SCOR held 7,262,600 treasury shares;
• The total number of voting rights amounted to 192,021,303 (including the voting rights attached to treasury
shares).
As at 31 December 2012:
• SCOR held 8,930,686 treasury shares;
• The total number of voting rights amounted to 192,384,219 (including the voting rights attached to treasury
shares).
18.2 Negative statement as to the absence of
differences between the voting rights of various
shareholders
Until 3 January 2009, pursuant to Article 8 (“Rights attached to each share”) of the bylaws, for two years after the
Company’s reverse stock split, as decided by the Company’s Combined Shareholders’ Meeting on 16 May 2006 in its
seventeenth resolution, each share with a par value of EUR 0.78769723 entitled the holder to one vote and each share with
a par value of EUR 7.8769723 entitled the holder to ten votes, so that the number of votes attached to the shares remains
proportional to the percentage of share capital they represent.
Since 3 January 2009 and the completion of the Company’s reverse stock split, no further shares with a par value of
EUR 0.78769723 are in existence and each share with a par value of EUR 7.8769723 entitles the holder to one vote.
The bylaws moreover make no provision for shares giving dual voting rights. In addition, there is no limitation on voting
rights in the bylaws. Therefore, there is no difference among the voting rights of SCOR’s various shareholders.
18.3 Direct or indirect control by one shareholder
Not applicable.
18.4 Agreement which could result in a subsequent
change in control
Not applicable.
174