MHM.L Regulatory News (MHM)

12 May 2005 15:32

Marsh & McLennan Co Inc12 May 2005 News Release Media Contacts: Investor Contact:Barbara Perlmutter Jim Fingeroth Mike BischoffMMC Kekst and Company MMC(212) 345-5585 (212) 521-4819 (212) 345-5470 MMC TO WEBCAST 2005 ANNUAL MEETING OF SHAREHOLDERS ON MAY 19 NEW YORK, NEW YORK, May 12, 2005-Marsh & McLennan Companies, Inc. (MMC) willwebcast its 2005 annual meeting of shareholders on Thursday, May 19, 2005 at 10:00 a.m. Eastern Daylight Time. The live audio webcast (which will be listen-only) will include the remarks ofMichael G. Cherkasky, president and chief executive officer of MMC. The webcastcan be accessed at www.mmc.com. A replay will be available beginningapproximately two hours after the event. MMC is a global professional services firm with annual revenues exceeding $12billion. It is the parent company of Marsh, the world's leading risk andinsurance services firm; Guy Carpenter, the world's leading risk and reinsurancespecialist; Kroll, the world's leading risk consulting company; PutnamInvestments, one of the largest investment management companies in the UnitedStates; and Mercer, a major global provider of consulting services.Approximately 60,000 employees provide analysis, advice, and transactionalcapabilities to clients in over 100 countries. Its stock (ticker symbol: MMC) islisted on the New York, Chicago, Pacific, and London stock exchanges. MMC'swebsite address is www.mmc.com. This press release contains statements relating to future results, which areforward-looking statements as that term is defined in the Private SecuritiesLitigation Reform Act of 1995. Forward-looking statements are based on availablecurrent market and industry materials, experts' reports and opinions, andlong-term trends, as well as management's expectations concerning current andfuture events impacting MMC. Forward-looking statements by their very natureinvolve risks and uncertainties. Factors that may cause actual results to differmaterially from those contemplated by forward-looking statements that we makeinclude: • the impact of litigation and regulatory proceedings brought by various state attorneys general and state insurance regulators;• the impact of class actions, derivative actions and individual suits brought by policyholders and shareholders (including MMC employees) asserting various claims, including claims under U.S. securities laws, ERISA, RICO, unfair business practices and other common law or statutory claims;• loss of producers or key managers;• inability to negotiate satisfactory compensation arrangements with insurance carriers or clients;• inability to reduce expenses to the extent necessary to achieve desired levels of profitability;• inability to collect previously accrued MSA revenue;• changes in the availability of, and the market conditions and the premiums insurance carriers charge for, insurance products;• the impact of litigation and other regulatory matters stemming from market-timing issues at Putnam;• changes in worldwide and national equity and fixed income markets;• actual and relative investment performance of the Putnam mutual funds;• the level of sales and redemptions of Putnam mutual fund shares;• changes in the value of investments made in individual companies and investment funds; and• changes in interest rates or the inability to access financial markets. Forward-looking statements speak only as of the date on which they are made, andMMC undertakes no obligation to update any forward-looking statement to reflectevents or circumstances after the date on which it is made or to reflect theoccurrence of unanticipated events. MMC is committed to providing timely and materially accurate information to theinvesting public, consistent with our legal and regulatory obligations. To thatend, MMC and its operating companies use their websites to convey meaningfulinformation about their businesses, including the anticipated release ofquarterly financial results and the posting of updates of assets undermanagement at Putnam. Monthly updates of total assets under management at Putnamwill be posted to the MMC website the first business day following the end ofeach month. Putnam posts mutual fund and performance data to its websiteregularly. Assets for most Putnam retail mutual funds are posted approximatelytwo weeks after each month-end. Mutual fund net asset value (NAV) is posteddaily. Historical performance and Lipper rankings are also provided. Investorscan link to MMC and its operating company websites through www.mmc.com. This information is provided by RNS The company news service from the London Stock Exchange