Allianz Finance II B.V. calls for redemption in whole the Euro 2,000,000,000 6.125% Guaranteed Subordinated Fixed to Floating Rate Bonds of 2002/2022 guaranteed by Allianz SE (ISIN: XS0148887564, German Security Code: 858420) effective May 31, 2012, in accordance with § 5(4) of the Terms and Conditions of the Bonds.