Allianz places a subordinated bond

The bond has a scheduled maturity of 30 years and can be ordinarily called by Allianz for the first time after 10 years. The coupon of 5.75 percent p.a. is fixed until 2021. Thereafter bond holders will receive a floating coupon. Coupon payments as well as redemption are subject to certain conditions and may be deferred.

This announcement and the information it contains are not being issued and may not be distributed in the United States of America. This announcement does not constitute an offer of securities for sale in the United States of America or in any other jurisdiction. The securities referred to in this announcement may not be offered or sold in the United States of America or any other jurisdiction absent registration or an applicable exemption from registration.

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