Media Release

Federation Internationale de Football Association

FIFA Strasse 20, P.O Box 8044 Zurich, Switzerland, +41 (0) 43 222 7777

USD 260 million Cancellation Bond issued for the 2006 FIFA World Cup™

The information contained in this press release is restricted and is not for release or distribution in or into the United States of America.

The 2006 FIFA World Cup™ cancellation bond to the amount of USD 260 million has been launched successfully.

The transaction transfers the risk of cancellation of the 2006 FIFA World Cup™ to the capital markets. The transaction is the first ever involving the transfer of event risk (i.e. the risk of a sporting event being cancelled) and the first to transfer the risk of man-made catastrophe as well as natural catastrophe to the capital markets.

FIFA President Joseph S. Blatter welcomed the successful launch: "FIFA is delighted with the positive response from the international capital market. This serves as yet another indication of the excellent reputation our organisation enjoys throughout the world." The investors will assume the risk of the cancellation of the 2006 FIFA World Cup™ for any reason other than certain specified events, such as world war or boycott. The highly innovative transaction structure represents a significant development in the securitisation market.

Credit Suisse First Boston is sole lead manager and sole bookrunner for the transaction. Swiss Re Capital Markets is a co-lead manager.

The four-tranche issue, with an expected maturity of 3 years, has been priced as follows:

Class Size % of total Moody's rating Coupon

A1 USD 210m 80 A3 150 basis points over 3m $ Libor

A2 CHF30m 9 A3 2.851% fixed rate

A3 ııEUR16m 7 A3 150 basis points over 3m Euribor

A4 USD10m 4 A3 3.895% fixed rate

*This press release is not an offer of securities for sale in the United States. The securities have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, US persons (within the meaning of Regulation S under the Securities Act) absent registration under the Securities Act or an exemption from such registration. No public offering of securities is being made in the United States.

Approved solely for the purposes of section 21 of the Financial Services and Markets Act 2000 by CSFB. Stabilisation/FSA. This press release is not directed to any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) its publication or availability is prohibited.*