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Allianz Annual Report 2012

­­Allianz SE bonds1 outstanding as of 31 December 2012 And interest expenses in 2012 C 077 1. Senior bonds2 5.0 % bond issued by ­­­­­Allianz Finance II B.V., Amsterdam Volume € 1.5  BN Year of issue 2008 Maturity date 3/6/2013 ISIN DE 000 A0T R7K 7 Interest expense € 76.9 MN 4.0 % bond issued by ­ ­­­­Allianz Finance II B.V., Amsterdam Volume € 1.5  BN Year of issue 2006 Maturity date 11/23/2016 ISIN XS 027 588 026 7 Interest expense € 62.1 MN 4.75 % bond issued by ­ ­­­­Allianz Finance II B.V., Amsterdam Volume € 1.5 BN Year of issue 2009 Maturity date 7/22/2019 ISIN DE 000 A1A KHB 8 Interest expense € 73.6 MN 3.5 % bond issued by ­­Allianz Finance II B.V., Amsterdam Volume € 1.5 BN Year of issue 2012 Maturity date 2/14/2022 ISIN DE 000 A1G 0RU 9 Interest expense € 47.5 MN Total interest expense for senior bonds € 260.1 MN 2. Subordinated bonds3 6.5 % bond issued by ­ ­­­­Allianz Finance II B. V., Amsterdam Volume € 1.0 BN Year of issue 2002 Maturity date 1/13/2025 ISIN XS 015 952 750 5 Interest expense € 66.4 MN 5.5 % bond issued by ­­­­­Allianz SE Volume € 1.5 BN Year of issue 2004 Maturity date Perpetual Bond ISIN XS 018 716 232 5 Interest expense € 84.5 MN 4.375 % bond issued by ­ ­­­­Allianz Finance II B. V., Amsterdam Volume € 1.4 BN Year of issue 2005 Maturity date Perpetual Bond ISIN XS 021 163 783 9 Interest expense € 63.5 MN 1 This does not include, among others, the € 0.5  BN 30-year convertible subordinated note issued in July 2011. For further information on ­­­Allianz SE debt (issued or guaranteed) as of 31 December 2012, please refer to notes 23 and 24 to the consolidated financial statements. 2 Senior bonds provide for early termination rights in case of non-payment of amounts due under the bond (interest and principal) as well as in case of insolvency. 5.375 % bond issued by ­ ­­­­Allianz Finance II B. V., Amsterdam Volume € 0.8 BN Year of issue 2006 Maturity date Perpetual Bond ISIN DE 000 A0G NPZ 3 Interest expense € 43.0 MN 8.375 % bond issued by ­­­­­Allianz SE Volume USD 2.0 BN Year of issue 2008 Maturity date Perpetual Bond ISIN US 018 805 200 7 Interest expense € 140.1 MN 5.75 % bond issued by ­ ­­­­Allianz Finance II B. V., Amsterdam Volume € 2.0 BN Year of issue 2011 Maturity date 7/8/2041 ISIN DE 000 A1GNAH1 Interest expense € 116.6 MN 5.625 % bond issued by ­Allianz SE Volume € 1.5 bn Year of issue 2012 Maturity date 10/17/2042 ISIN DE 000 A1RE1Q3 Interest expense € 18.2 MN 5.5 % bond issued by ­­­­­Allianz SE Volume USD 1.0 BN Year of issue 2012 Maturity date Perpetual Bond ISIN XS 085 787 2500 Interest expense € 4.0 MN Total interest expense for subordinated bonds € 536.3 MN 3. Issues Redeemed in 2012 6.125 % bond issued by ­ ­­­­Allianz Finance II B. V., Amsterdam Volume € 2.0 BN Year of issue 2002 Maturity date 5/31/2022 ISIN XS 014 888 756 4 Interest expense € 46.5 MN 4. Issues matured in 2012 5.625 % bond issued by ­ ­­­­Allianz Finance II B. V., Amsterdam Volume € 0.9 BN Year of issue 2002 Maturity date 11/29/2012 ISIN XS 015 879 238 1 Interest expense € 46.7 MN Total interest expense € 889.6 MN 3 The terms of the subordinated bonds do not explicitly provide for early termination rights in favor of the bondholder. Interest payments are subject to certain conditions which are linked, inter alia, to our net income, and may have to be deferred. Nevertheless, the terms of the relevant bonds provide for alternative settlement mechanisms which allow us to avoid an interest deferral using cash raised from the issuance of specific newly issued instruments. Annual Report 2012    Allianz Group C Group Management Report Management Discussion and Analysis 122 Business Environment 124 Executive Summary of 2012 Results 132 Property-Casualty Insurance Operations 140 Life/Health Insurance Operations 148 Asset Management 152 Corporate and Other 154 Outlook 2013 and 2014 166 Balance Sheet Review 175 Liquidity and Funding Resources 182 Reconciliations 179

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