Contestation suits against formation of Allianz SE withdrawn

The settlement calls for the withdrawal of all contestation suits by the plaintiffs in return for reimbursement by Allianz AG of their court costs and legal attorney fees pursuant to the Attorney Remuneration Act (amounting to around 72,000 euros per plaintiff). In addition, once the merger with the Italian RAS comes into effect, Allianz will publish on its website an explanation of the differences between the legal form of a German stock corporation and that of a European company (Societas Europaea). Besides the reimbursement of costs no benefit is granted, assured or announced to the plaintiffs. The settlement will be published in the electronic Federal Gazette as well as on the website of Allianz AG.

The agreement settles all contestation suits as well as the release procedure initiated by Allianz. The contestation suits therefore no longer stand in the way of the planned registration of the merger of RAS with Allianz and the conversion of Allianz into an SE in the autumn of 2006.

The documentation of the settlement can be found as pdf file below.

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.