Allianz SE - Tender Offer - Update (DE)

Allianz concludes the placement of a 1.25 billion euros subordinated bond and the partial buyback of its 1.5 billion euros 4.75% subordinated bond callable in 2023

09 JUNE 2023

Full announcement including disclaimers, available via Allianz

"Allianz SE has placed a subordinated bond in an aggregate principal amount of 1.25 billion euros with institutional investors in Europe. The bond has a scheduled maturity in July 2053 and is callable at the option of the issuer from January 2033 on. The coupon is fixed at 5.824% per annum until July 2033. Thereafter, bondholders will receive a floating rate coupon. Coupon payments and redemption are subject to certain conditions and may be deferred. The bond is listed on the Luxembourg Stock Exchange. Settlement occurred on June 5, 2023.

Allianz SE bought back an aggregate principal amount of 587.5 million euros of its 1.5 billion euros 4.75% subordinated bond via a tender offer. 912.5 million euros remain outstanding. The bond has no scheduled maturity and has ordinary call rights of the issuer from October 2023 on."

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Allianz SE announces the results of its Tender Offer in respect of its € 1,500,000,000 Undated Subordinated Fixed to Floating Rate Notes (ISIN: DE000A1YCQ29)

06 JUNE 2023

Full announcement available via Luxse

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"The New Financing Condition has been met on 5 June 2023.

The Company intends to accept (subject to satisfaction or waiver of the conditions described in the Tender Offer Memorandum, and subject to the Settlement Condition being fulfilled on the Settlement Date) valid tenders of Notes in the aggregate principal amount set out in the table below:"

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Allianz SE announces a Tender Offer in respect of its EUR 1,500,000,000 Undated Subordinated Fixed to Floating Rate Notes (ISIN: DE000A1YCQ29) (the "Notes") and proposed issue of new euro-denominated dated subordinated fixed to floating rate notes by Allianz SE (the "New Notes")

26 MAY 2023

Full announcement available via Luxse

"26 May 2023. Allianz SE (the "Company") announces today an invitation to eligible holders of its outstanding

EUR 1,500,000,000 Undated Subordinated Fixed to Floating Rate Notes (ISIN: DE000A1YCQ29) to tender any and all

such Notes for purchase by the Company for cash subject to the satisfaction or waiver of the New Financing Condition (as defined below) and the other conditions described in the Tender Offer Memorandum, and subject to the Settlement Condition being fulfilled on the Settlement Date (the "Offer")."

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"Summary of the Offer

Rationale for the Offer

The Company announced on 26 May 2023 its intention to issue a new series of euro-denominated dated subordinated fixed to floating rate notes (the "New Notes"), subject to market conditions.

This refinancing exercise, comprising the intended issuance and the Offer, is part of the Company's proactive management of its financing structure. The Offer provides Noteholders with the opportunity to sell their current holdings in the Notes ahead of their first call date and to subscribe to the issuance of the New Notes, as more fully described in the Tender Offer Memorandum.

Notes purchased by the Company pursuant to the Offer are expected to be cancelled and will not be re-issued or re-sold."

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