MMC Sells 4.1 Million Common Shares

Business Wire, April 6, 1999

NEW YORK--(BUSINESS WIRE)--April 6, 1999--Marsh & McLennan Companies (MMC) announced today that it has sold 4.1 million shares of its common stock to Goldman Sachs in a block trade. This transaction, which was competitively bid, is part of MMC's permanent financing of its acquisition of Sedgwick Group plc in November 1998.

MMC is a global professional services firm with annual revenues exceeding $7 billion. It is the parent company of Marsh Inc., the world's leading risk and insurance services firm; Putnam Investments, one of the largest investment management companies in the United States; and Mercer Consulting Group, a major global provider of consulting services. More than 50,000 employees provide analysis, advice and transactional capabilities to clients in over 100 countries. Its stock (ticker symbol:MMC) is listed on the New York, Chicago, Pacific and London stock exchanges.

MMC's Web site address is www.marshmac.com.