Deutsche Bank has announced today that it is their intention to propose Dr. Paul Achleitner for election to their Supervisory Board at their next Annual General Meeting at the end of May, 2012 and, subsequently, to elect him as Supervisory Board Chairman of Deutsche Bank.

Paul Achleitner has signalled his availability to Deutsche Bank. Consequently, Paul Achleitner will leave the Board of Management of Allianz SE at the end of May 2012 should the Supervisory Board release him from his contractual obligations.

The personnel committee of Allianz SE Supervisory Board has discussed Paul Achleitner's wish and will ask the Supervisory Board to comply with it during their upcoming regular meeting in December. It is expected that a successor will be appointed by Allianz SE Supervisory Board in due time.

Dr. Paul Achleitner

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