Allianz and ICBC announce the completion of ICBC shares transfer through a private sale

Further to the joint press release by Industrial and Commercial Bank of China (ICBC) and Allianz Group (Allianz) issued on March 25, 2009 whereby both parties reaffirmed their strategic cooperative relationship, Allianz has sold 3,216,300,507 ICBC H shares, representing the shares that have become free from lock up on April 28, 2009 to a select group of investors through a private sale. Allianz continues to hold 3,216,300,508 H shares in ICBC.

Allianz successfully closes innovative catastrophe bond covering hurricane and earthquake risks in the US

Issuance size was increased from originally $150 million to a final volume of $180 million - Second take down under the Blue Fin Ltd. program

Allianz Group achieved operating profit of 7.4 billion Euros in 2008

Net income from continued business of 4 billion Euros - Sale of Dresdner Bank completed - Net loss of 2.4 billion Euros for the Group taking into account discontinued business - Board of Management proposes dividend of 3.50 Euros per share for 2008

Transaction closed

The transfer of ownership of Dresdner Bank AG to Commerzbank AG has been completed today as scheduled.

Allianz strengthens the capital of Dresdner Bank