Notification of voting rights transmitted by euro adhoc. The issuer is
  responsible for the content of this announcement.
Person/company obliged to make the notification:
Name:    Allianz SE
Address: Königinstr. 28
Place:   80802 München/Munich
State:   Germany
Company data:
Place:   Essen
State:   Deutschland

30.01.2007

Notification in accordance with Section 21 et seq. of the
German Securities Trading Act (WpHG - German Stock Exchange Act)

We have received the following notification in accordance with the
German Securities Trading Act (WpHG - German Stock Exchange Act):

Allianz SE, Munich, reported the following to the Management Board in
a letter dated January 26, 2007:

"In accordance with Section 21 (1) of the WpHG, we hereby notify you
that our share of voting rights in your company fell below the
thresholds of 5% and 3% on January 24, 2007 and now amounts to 2.64%.
These voting rights are attributable to us in accordance with Section
22 (1) sentence 1, number 1 of the WpHG.

In accordance with Section 21 (1) of the WpHG, in conjunction with
Section 24 of the WpHG, we hereby notify you at the same time that:

The share of voting rights of Dresdner Bank Aktiengesellschaft,
Jürgen-Ponto-Platz 1, 60301 Frankfurt am Main, in your company fell
below the thresholds of 5% and 3% on January 24, 2007 and now amounts
to 2.64%.

The share of voting rights of Allianz Finanzbeteiligungs GmbH,
Königinstr. 28, 80802 Munich, in your company fell below the
thresholds of 5% and 3% on January 24, 2007 and now amounts to 2.64%.
These voting rights are attributable to Allianz Finanzbeteiligungs
GmbH in accordance with Section 22 (1) sentence 1, number 1 of the
WpHG."

Essen (Germany), January 29, 2007

THE MANAGEMENT BOARD

end of announcement                               euro adhoc 30.01.2007 10:38:16

Further inquiry note:

Branche: Retail
ISIN: DE0006275001
WKN: 627500
Index: CDAX, Classic All Share, HDAX, MDAX, Midcap Market Index,
Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / official dealing
Hamburger Wertpapierbörse / official dealing
Baden-Württembergische Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Niedersächsische Börse zu Hannover / official dealing
Bayerische Börse / official dealing