Allianz - Dividend

The Annual General Meeting on May 21, 2008 decided to distribute a dividend of 5.50 Euro per share for the business year 2007. (2006: € 3.80).

As in the previous year, the increase in the dividend is significantly higher than the rise in net income. Thus, the dividend yield at year end 2007 was 3.7 %, the payout ratio 31 %. As of September 2007, the Allianz share is oart of the DivDAX, an index comprising the 15 DAX companies with the highest dividend yields.

Dividend for fiscal 2007 - timetable

Dividend proposal (announced at the Financial Press Conference)	02/21/2008
Decision on dividend at the Annual General Meeting	05/21/2008
Record date	05/21/2008
Dividend announcement	05/22/2008
Dividend pay-out (valuta)	05/22/2008
Ex dividend quotation	05/22/2008

Overview of Allianz SE's dividend payments since 1980

Year	Pay out date	Dividend without tax credit	Tax credit	Dividend incl. tax credit
2007	05/22/08	Euro 5.50	---	Euro 5.50
2006	05/03/07	Euro 3.80	---	Euro 3.80
2005	05/04/06	Euro 2.00	---	Euro 2.00
2004	05/05/05	Euro 1.75	---	Euro 1.75
2003	05/06/04	Euro 1.50	---	Euro 1.50
2002	04/30/03	Euro 1.50	---	Euro 1.50
2001	06/13/02	Euro 1.50	---	Euro 1.50⁵
2000	07/12/01	Euro 1.50	Euro 0.64	Euro 2.14
1999	07/13/00	Euro 1.25	Euro 0.54	Euro 1.79⁴
1998	07/08/99	DM 2.20	DM 0.94	DM 3.14
1997	07/09/98	DM 1.90	DM 0.81	DM 2.71
1996	07/11/97	DM 1.70	DM 0.73	DM 2.43³
1995	10/08/96	DM 16.00	DM 6.86	DM 22.86
1994	10/06/95	DM 15.00	DM 6.43	DM 21.43
1993	10/07/94	DM 50.00	DM 21.43	DM 71.43²
1992	10/07/93	DM 13.50	DM 7.59	DM 21.09
1991	10/05/92	DM 13.50	DM 7.59	DM 21.09
1990	10/04/91	DM 13.50	DM 7.59	DM 21.09
1989	10/05/90	DM 16.00	DM 9.00	DM 25.00¹
1988	10/05/89	DM 12.00	DM 6.75	DM 18.75
1987	10/06/88	DM 12.00	DM 6.75	DM 18.75
1986	10/02/87	DM 12.00	DM 6.75	DM 18.75
1985	10/02/86	DM 12.00	DM 6.75	DM 18.75
1984	06/28/85	DM 11.00	DM 6.19	DM 17.19
1983	07/12/84	DM 10.00	DM 5.63	DM 15.63
1982	07/14/83	DM 10.00	DM 5.63	DM 15.63
1981	07/09/82	DM 10.00	DM 5.63	DM 15.63
1980	07/09/81	DM 10.00	DM 5.63	DM 15.63

¹Including anniversary bonus DM 4.00 (100 years Allianz).
² Including special distribution DM 35.00.
³ Stock split / par value reduction from DM 50.00 to DM 5.00 (per 04/28/97).
⁴Conversion to euros (per 01/01/1999).
⁵Conversion of taxation to "half-income" taxation method.