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Allianz Annual Report 2012

Annual Report 2012    Allianz Group 2012 REMUNERATION AND LINK TO PERFORMANCE Total remuneration: The following table shows individual remuneration for 2012 and 2011, including fixed and vari- able remuneration and the pension service cost. For the Three-year bonus 2010  – 2012, the individualized remunera- tion table shows the 2012 annual allocation per member­ of the Board of Management to provide information on the individual remuneration components in a way which is comparable to previous years, the actual settlement is disclosed below the table. Individual Remuneration – 2012 and 2011 B 010 Total might not sum up due to rounding € thou Fixed Variable Total Pensions Total incl. Pensions Board members Base salary Perquisites  Annual bonus (short- term) 1 Three-year bonus (mid-term)  Fair value of RSU award at date of grant (long-term) Michael Diekmann 2012 1,280 23 1,498 1,498 1,498 5,798 824 6,622 (Chairman) 2011 1,200 31 1,062 1,062 1,062 4,417 846 5,263 Dr. Paul Achleitner 2 2012 356 25 447 447 447 1,723 295 2,018 2011 800 57 640 640 640 2,777 1,3363 4,113 Oliver Bäte 2012 750 58 946 946 946 3,646 277 3,923 2011 700 50 688 688 688 2,814 291 3,105 Manuel Bauer 2012 700 16 899 899 899 3,412 272 3,684 2011 700 13 511 511 511 2,246 284 2,530 Gary Bhojwani 2012 7004 68 7935 7935 7935 3,146 2106 3,356 2011 – – – – – – – – Clement Booth 2012 750 137 926 926 926 3,664 394 4,058 2011 750 144 499 499 499 2,391 413 2,804 Dr. Helga Jung 2012 700 11 857 857 857 3,281 267 3,549 2011 – – – – – – – – Dr. Christof Mascher  2012 700 23 841 841 841 3,247 286 3,533 2011 700 29 595 595 595 2,514 374 2,888 Jay Ralph 2012 700 36 943 943 943 3,566 234 3,800 2011 700 54 525 525 525 2,329 262 2,591 Dr. Dieter Wemmer 2012 700 18 958 958 958 3,592 205 3,797 2011 – – – – – – – – Dr. Werner Zedelius 2012 750 1727 896 896 896 3,611 485 4,096 2011 750 16 559 559 559 2,443 586 3,029 Dr. Maximilian 2012 408 8 543 543 543 2,044 257 2,301 Zimmerer 8 2011 – – – – – – – – Total 2012 8,495 595 10,547 10,547 10,547 40,731 4,006 44,737 20119 7,780 483 6,361 5,730 6,361 26,715 4,931 31,646 Change from previous year  9 9.2% 23.2% 65.8% 84.1% 65.8% 52.5% (18.8)% 41.4% Change from previous year in total variable 9 71.5% 1 Actual bonus paid in 2013 for fiscal year 2012 and in 2012 for fiscal year 2011. 2 Dr. Paul Achleitner left the ­Allianz SE Board of Management effective 31 May 2012. Based on his contract he receives a pro-rated Base salary, a pro-rated Annual bonus and a pro-rated Three-year bonus in accordance with the normal process and timeline. Instead of RSU he receives a pro-rated cash payment whereby the amount equals the respective 2012 Annual bonus. 3 According to his contract, Dr. Paul Achleitner receives a transition payment of € 1,027.5 Thou after leaving the ­Allianz SE Board of Management. The payment is calculated based on six months of the latest Base salary and a final lump-sum payment of 25 % of the target variable remuneration. This amount is included in the Total for 2011. 4 50 % of Gary Bhojwani’s Base salary (€ 350  Thou) is denominated in USD and equals USD 471,768.50. The amount of € 350  Thou was derived by applying the contractually agreed USD/EUR exchange rate of 1.347910 (2011 fourth quarter average). 5 Gary Bhojwani’s variable remuneration is denominated in USD. The Supervisory Board approved an Annual bonus of USD 1,068  Thou. The amount of € 793  Thou was derived by applying the contractually agreed USD/EUR exchange rate of 1.347910 (2011 fourth quarter average). 6 Gary Bhojwani does not receive pension contributions into the ­Allianz SE pension plans but only under his ­Allianz of America employment agreement. 7 Dr. Werner Zedelius received an anniversary payment of € 156  Thou. 8 Dr. Maximilian Zimmerer joined ­Allianz SE Board of Management on 1 June 2012 and receives a pro rated remuneration. 9 The total remuneration and the percentage change between 2011 and 2012 reflect the remuneration of the full Board of Management in the respective year. Enrico Cucchiani left the Board of Management of ­Allianz SE on 21 December 2011 and Dr. Joachim Faber retired from the Board of Management of ­Allianz SE effective 31 December 2011. B Corporate Governance 63 Corporate Governance Report 69 Statement on Corporate Management pursuant to § 289a of the HGB 71 Takeover-related Statements and Explanations 74 Remuneration Report 79

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