Ad-hoc | 6 October 1999 02:10

Ad hoc-Service: Allianz AG

Ad-hoc Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— ALLIANZ CONFIRMS DISCUSSIONS WITH PIMCO ADVISORS Allianz AG confirmed today that it is in discussions regarding a possible acquisition of PIMCO Advisors Holdings L.P.. The current discussions contemplate a cash transaction with a per unit price ranging from US$ 38 to US$ 39. No assurances can be given that a definitive agreement for such an acquisition will be reached in the price range discussed or at all. There are substantial terms on which no agreement has been reached. Munich, Germany, October 6,1999 Ende der Mitteilung