COMMERZBANK AG: Post Stabilisation Allianz SE EUR1.5bn 5.625% due 2042

COMMERZBANK AG: Post Stabilisation Allianz SE EUR1.5bn 5.625% due 2042 Post-stabilisation notice

12th November, 2012

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

                                  Allianz SE                                   
                                €1,500,000,000                                
       5.625%. Subordinated Fixed to Floating Rate Notes due 17th October 2042    
                             Stabilisation Notice                              

Commerzbank AG (contact: Ian Turner; telephone: 44-207-475-1817) hereby gives
notice that no stabilisation (in accordance with Commission Regulation (EC) No.
2273/2003) was undertaken by the Stabilising Manager(s) in relation to the
offer of the following securities.

Issuer:                               Allianz SE                           

Guarantor (if any): n/a

ISIN: DE000A1RE1Q3

Aggregate nominal amount: €1,500,000,000

Description: Subordinated Fixed to Floating Rate

Notes with scheduled maturity in 2042

Stabilisation Manager (s): Coordinating Stabilsation Manager:

                                                                           
                                      Commerzbank Aktiengesellschaft       
                                                                           
                                      Stabilisation Managers               
                                                                           
                                      Citigroup                            
                                                                           
                                      HSBC Bank plc                        
                                                                           
                                      Societe Generale Corporate &         
                                      Investment Bank                      

This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of the Issuer in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into
the United States or any other jurisdiction in which such distribution would be
unlawful.



END

-0- Nov/12/2012 08:15 GMT