Allianz and RAS have agreed merger plan

The exchange ratio is 3 Allianz shares for 19 RAS shares.

Dresdner Bank reorganises itself for the long term

Bank to take offensive with profitability and growth programme - Stefan Jentzsch new head of Corporate & Investment Banking.

Allianz: Preliminary Figures RAS Tender Offer

Allianz AG has announced that the acceptance period of the voluntary public tender offer for all the ordinary shares and savings shares of RAS expired today.

Allianz proves its earnings power in the 3rd quarter

Third quarter net income of 794 million euros - 1.7 billion euros operating profit despite a net burden arising from natural catastrophes amounting to 753 million euros - capital gains at prior year level - strong growth in Life Insurance and Asset Management

Allianz: New organization in Germany

Holding company for Allianz’s German insurance activities to be formed this year – integration of the sales organizations into an independent sales company – standardization of business processes and administration – advantages for customers

Allianz Group: Repositioning - Conversion of Allianz AG into a European Company (SE)

Cross-border merger of Riunione Adriatica di Sicurtà (RAS) S.p.A. into Allianz AG - Consolidation of insurance activities in Germany - Reassignment of responsibilities in the management board - Conversion of Allianz AG into a European Company (SE)

Allianz profit target for 2005 on track

Despite significant damages due to Hurricane Katrina and the Alpine floods in August, Allianz is confident it will reach its profit target for 2005.

Personalia Dr. Reiner Hagemann

Munich, September 2, 2005

Allianz Group with strong second quarter

1.4 billion euros net income – 2.4 billion euros operating profit – double-digit growth in Life insurance business and Asset Management – Combined ratio of 89.8 percent – Dresdner Bank on its way to earning its cost of capital