Allianz Leben subscribed to 4.6 percent in a new share offering of MLP AG. After the offering is complete and following additional acquisitions, Allianz Leben will hold approximatety seven percent of the shares of MLP. 

Allianz Leben intends to strengthen the position of MLP's independent shareholder base and believes that independent financial services suppliers such as MLP will continue to play a critical role in serving clients with sophisticated needs and driving growth in the German financial services market. Therefore, it is in the interest of the industry as a whole, that the independence of MLP is preserved in the long term.

Allianz Leben does not intend to seek control over MLP.

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