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PartnerRe Ltd. Announces Distribution On Capital Trust Preferred Securities And Dividend

11 11 2003

Pembroke, Bermuda: June 10 2003 - PartnerRe Ltd. (NYSE:PRE) today announced that payment of a distribution on Capital Trust I Preferred Securities, and a dividend and contract adjustment payment on Premium Equity Participating Security (PEPS) Units, will be made on June 30,2003. Payment will be to shareholders of record on June 20, 2003.

The dividend on the Capital Trust I Preferred Securities will be $0.49375 per share. Payment for each PEPS unit will be $1.00 per share, consisting of a dividend of $0.70125 and a contract adjustment payment of $0.29875.