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Allianz resolves to call for redemption two subordinated bonds

Allianz resolved to call for redemption the USD 1,000,000,000 5.5% Undated Subordinated Notes issued by Allianz SE in 2012 (ISIN: XS0857872500, WKN: A1R0S6, Common Code: 085787250) (the "2012 Notes") and the EUR 800,000,000 5.375% Undated Subordinated Fixed Rate Callable Bonds issued by Allianz Finance II B.V. in 2006 (ISIN: DE000A0GNPZ3, WKN: A0GNPZ, Common Code: 024513742), guaranteed on a subordinated basis by Allianz SE (the "2006 Bonds"). 

Allianz Finance II B.V. will exercise the call right in respect of its 2006 Bonds by giving notice in accordance with the terms and conditions of the 2006 Bonds which will be published separately. Following the exercise of its call right, and subject to the conditions to redemption provided for in the terms and conditions of the 2006 Bonds, Allianz Finance II B.V. will redeem the 2006 Bonds at par plus accrued interest on 3 March 2021 in accordance with the terms and conditions of the 2006 Bonds.

Allianz SE will exercise the call right in respect of its 2012 Notes by giving notice in accordance with the terms and conditions of the 2012 Notes which will be published separately. Following the exercise of its call right, and subject to the conditions to redemption provided for in the terms and conditions of the 2012 Notes, Allianz SE will redeem the 2012 Notes at par plus accrued interest on 26 March 2021 in accordance with the terms and conditions of the 2012 Notes.

No offer

This announcement and the information it contains are not being issued and may not be distributed in the United States of America. This announcement does not constitute an offer of securities for sale in the United States of America to, or for the account or benefit of, any U.S. person or in any other jurisdiction. The securities referred to in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933 (as amended), and may not be offered or sold in the United States of America or any other jurisdiction absent registration or an applicable exemption from registration.

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