Allianz withdraws the pre-conditional voluntary cash general offer to acquire majority stake in Income Insurance Limited (Income Insurance) originally announced on July 17 • This follows the Singapore Government’s announcement on October 14, 2024, expressing its views on why the transaction should not proceed on its present terms and the subsequent changes to the Insurance Act • Allianz has high conviction in the potential of the Singapore insurance market and looks forward to playing an active part in its continued growth •Allianz will continue to broaden the strengths and prospects of its existing operations across the Asia-Pacific region
