Allianz disposes of interest in Süd-Chemie

The sale of the 19% stake takes place at the same time as the disposal of further
stakes by other investors. Proceeds from this transaction will be approx. 78 million euro, representing a value of 35 euro per share.

Buyer is investment company One Equity Partners, which as a long-term investor wishes to support Süd-Chemie on its way to strengthen its market position and to continue its growth path. One Equity Partners strives for a simple majority and plans for this purpose to submit a voluntary take over offer to the other shareholders of Süd-Chemie.

No offer
This release is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities. The distribution of this release and the offer and sale of securities in certain jurisdictions may be restricted by law. Any persons reading this release should inform themselves of and observe any such restrictions.
This release is not an offer of securities for sale in the United States. The offer and sale of securities of Süd-Chemie AG referred to in this press release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (The "Securities Act"), and the securities may not be offered or sold in the United States absent regis-tration or an exemption from registration under the Securities Act. Any public offering of securities to be made in the United States would have to be made by means of a prospectus that would contain detailed information about the issuer of the securities and its management, as well as financial statements.

Cautionary note regarding forward-looking statements
Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words 'may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue' and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Allianz Group's core business and core markets, (ii) performance of financial markets, including emerging markets, (iii) the frequency and severity of insured loss events, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the Euro-U.S. dollar exchange rate, (ix) changing levels of competition, (x) changes in laws and regulations, including monetary convergence and the European Monetary Union, (xi) changes in the policies of central banks and/or foreign governments, (xii) the impact of acquisitions, including related integration issues, (xiii) reorganization measures and, (xiv) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. The matters discussed herein may also involve risks and uncertainties described from time to time in Allianz AG's filings with the U.S. Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statement.

No duty to update
The company assumes no obligation to update any information contained herein.