DGAP-News: Allianz Finance II B.V.: Allianz calls 500 million U.S.$ subordinated bonds

DGAP-News: Allianz Finance II B.V. / Key word(s): Miscellaneous
Allianz Finance II B.V.: Allianz calls 500 million U.S.$ subordinated
bonds

04.05.2011 / 21:03

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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. The principal amount plus any interest accrued until the
redemption date (exclusive) will be paid on June 10, 2011, all in
accordance with the Terms and Conditions of the Bonds.

These assessments are, as usual, subject to the disclaimer provided below.


No offer
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.

Cautionary Note Regarding Forward-Looking Statements
The statements contained herein may include statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and unknown
risks and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in such
statements. In addition to statements which are forward-looking by reason
of context, the words 'may', 'will', 'should', 'expects', 'plans',
'intends', 'anticipates', 'believes', 'estimates', 'predicts', 'potential',
or 'continue' and similar expressions identify forward-looking statements.
Actual results, performance or events may differ materially from those in
such statements due to, without limitation, (i) general economic
conditions, including in particular economic conditions in the Allianz
Group's core business and core markets, (ii) performance of financial
markets, including emerging markets, and including market volatility,
liquidity and credit events (iii) the frequency and severity of insured
loss events, including from natural catastrophes and including the
development of loss expenses, (iv) mortality and morbidity levels and
trends, (v) persistency levels, (vi) the extent of credit defaults, (vii)
interest rate levels, (viii) currency exchange rates including the
Euro/U.S. Dollar exchange rate, (ix) changing levels of competition, (x)
changes in laws and regulations, including monetary convergence and the
European Monetary Union, (xi) changes in the policies of central banks
and/or foreign governments, (xii) the impact of acquisitions, including
related integration issues, (xiii) reorganization measures, and (xiv)
general competitive factors, in each case on a local, regional, national
and/or global basis. Many of these factors may be more likely to occur, or
more pronounced, as a result of terrorist activities and their
consequences. The company assumes no obligation to update any
forward-looking statement.

No duty to update
The company assumes no obligation to update any information contained
herein.


End of Corporate News

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04.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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123039 04.05.2011