Allianz Finance II B.V. herewith calls for redemption in whole the U.S.$ 500,000,000 7.25% Undated Guaranteed Subordinated Bonds guaranteed by Allianz SE (ISIN: XS0159150720, German Security Code: 369290) effective June 10, 2011, all in accordance with §5(4) of the Terms and Conditions of the Bonds.