Corporate | 12 January 2005 07:29

Allianz AG: Regina Verwaltungsgesellschaft selling holding in MAN

Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. —————————————————————————— Not for distribution in the United States, Canada, Australia or Japan Regina Verwaltungsgesellschaft selling holding in MAN Allianz, Munich Re and Commerzbank are selling their entire holding in engineering company MAN, which are held through holding company Regina Verwaltungsgesellschaft. The transaction will significantly increase the free float of the MAN shares. Regina Verwaltungsgesellschaft mbH currently holds 24.20 percent of the share capital and 25.24 percent of the voting rights of MAN AG. Allianz AG, Allianz Lebensversicherungs-AG, Münchener Rückversicherungs-Gesellschaft and Commerzbank AG each hold 25 percent in Regina Verwaltungsgesellschaft. The entire stake of Regina Verwaltungsgesellschaft, or approximately 35.6 million common shares, will be placed in the market in an accelerated bookbuilt offering. The MAN shares will be offered to institutional investors. Bookbuilding starts immediately, and the final offer price will be announced after the order books have closed. The transaction is managed by Goldman Sachs. The planned transaction will create a new shareholder structure for MAN and significantly increase the free float of the MAN ordinary shares – with positive consequences for their liquidity, and a higher weighting and therefore long-term perspective of the MAN ordinary shares in the DAX 30 index. End of message These assessments are, as always, subject to the disclaimer provided below. This announcement is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities. The distribution of this announcement and the offer and sale of securities in certain jurisdictions may be restricted by law. Any persons reading this announcement should inform themselves of and observe any such restrictions. THIS PRESS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE OFFER AND SALE OF SECURITIES OF MAN AG REFERRED TO IN THIS PRESS RELEASE HAVE NOT BEEN, NOR WILL THEY BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WOULD HAVE TO BE MADE BY MEANS OF A PROSPECTUS THAT WOULD CONTAIN DETAILED INFORMATION ABOUT THE ISSUER OF THE SECURITIES AND ITS MANAGEMENT, AS WELL AS FINANCIAL STATEMENTS. Cautionary Note Regarding Forward-Looking Statements Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words ‘may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue’ and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Allianz Group’s core business and core markets, (ii) performance of financial markets, including emerging markets, (iii) the frequency and severity of insured loss events, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) the extent of credit defaults (vii) interest rate levels, (viii) currency exchange rates including the Euro-U.S. dollar exchange rate, (ix) changing levels of competition, (x) changes in laws and regulations, including monetary convergence and the European Monetary Union, (xi) changes in the policies of central banks and/or foreign governments, (xii) the impact of acquisitions, including related integration issues, (xiii) reorganization measures and (xiv) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. The matters discussed herein may also involve risks and uncertainties described from time to time in Allianz AG’s filings with the U.S. Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statement. No duty to update The company assumes no obligation to update any information contained herein. end of message, (c)DGAP 12.01.2005 —————————————————————————— WKN: 840400; ISIN: DE0008404005; Index: DAX-30, EURO STOXX 50 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; EUREX; Swiss Exchange; London; Paris; NYSE 120729 Jän 05