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ACE Limited Receives Shareholder Approval to Increase Authorized Shares
(NYSE:ACE) announced that at its Extraordinary General Meeting held today, the shareholders of the Company approved a proposal increasing
the number of authorized Ordinary Shares of the Company by 200 million, resulting in a total of 500 million authorized Ordinary Shares. At the meeting, the shareholders also approved a proposal
increasing the number of authorized Other Shares from 10 million to 20 million shares. The Other Shares may be issued in one or more
classes or series with the terms, such as the dividend rate, voting rights, conversion rights, conversion rates, rights and terms of
redemption and other rights, preferences and restrictions, established by the Board of Directors of the Company.
The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients. The ACE Group conducts its business on a global basis with operating subsidiaries in nearly 50 countries.
Additional information can be found at: http://www.acelimited.com.