Allianz and Borealis Infrastructure Buy Czech Gas Transmission Operator Net4Gas

Allianz and Borealis Infrastructure Buy Czech Gas Transmission Operator Net4Gas 
MUNICH, GERMANY and TORONTO, ONTARIO -- (Marketwire) -- 03/28/13 --
Allianz and Borealis Infrastructure have reached an agreement with
RWE AG to purchase Net4Gas, s.r.o. (N4G), the gas transmission and
transit system operator in the Czech Republic. 
Allianz and Borealis Infrastructure, the infrastructure investment
arm of the Ontario Municipal Employees Retirement System (OMERS),
will each own a 50 percent stake in N4G. 
N4G owns and operates a network of more than 3,600 km of
high-pressure pipelines that supply the Czech domestic market and
that transit natural gas through the Czech Republic to markets across
Europe. N4G is a provider of key infrastructure for the transport of
gas in Europe, transporting approximately 35 billion cubic meters of
gas each year.  
"We are pleased to be investing in Net4Gas with its excellent
management team, workforce and high-quality operations. It fits well
with Allianz's infrastructure portfolio and investment strategy as a
long-term investor," said Rainer Husmann, CEO of Allianz Capital
Partners, the captive asset manager of Allianz. "Furthermore, this is
an important step for us in expanding our portfolio of high-quality
infrastructure assets." 
"The Net4Gas investment fits very well with Borealis Infrastructure's
strategy of owning and managing high-quality, large-scale assets that
generate sustainable cash flow to pay pensions," said Michael
Rolland, President and CEO of Borealis Infrastructure. "This
acquisition expands our European investment portfolio which includes
gas distribution and transportation sector investments in Associated
British Ports, HS1 and Scotia Gas Networks." 
A key objective of the consortium's gas infrastructure strategy is
the creation of a gas market that is integrated and liquid. Such
market integration would contribute to securing energy supplies which
should benefit regional economies, their respective consumers and the
N4G network users. 
The transaction is subject to clearance by the relevant authorities. 
These assessments are, as always, subject to the disclaimer provided
below.  
About Allianz Capital Partners 
Allianz Capital Partners (ACP) is the captive, alternative asset
platform of Allianz Group with assets under mana
gement of about 8.5
billion euros. ACP's investment strategy is driven in particular by
matching the long-term obligations of the Allianz Group's life
insurance businesses with assets that generate long-term, stable and
inflation-protected cash flows provided, for example, by investment
opportunities in the infrastructure and renewables sector.  
Together with its customers and sales partners, Allianz is one of the
strongest financial communities. Around 78 million private and
corporate customers rely on Allianz's knowledge, global reach,
capital strength and solidity to help them make the most of financial
opportunities and to avoid and safeguard themselves against risks.  
www.allianzcapitalpartners.com 
About Borealis Infrastructure  
Borealis Infrastructure is a leader in direct infrastructure
investing with over a decade of investment experience. Borealis
manages approximately CAD 10 billion in OMERS equity capital through
investments in a diversified portfolio of large-scale infrastructure
assets exhibiting stability and strong cash flows, in sectors
including energy, transportation and government-regulated services.
It has offices in Toronto, London and New York. Borealis is the
infrastructure investment arm of OMERS, one of Canada's largest
pension funds with net assets of more than CAD 60 billion and a AAA
credit rating. For more information please visit www.borealis.ca or
www.omers.com.  
Cautionary Note Regarding Forward-Looking Statements 
The statements contained herein may include prospects, 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. Actual results, performance or
events may differ materially from those expressed or implied in such
forward-looking statements.  
Such deviations may arise due to, without limitation, (i) changes of
the general economic conditions and competitive situation,
particularly in the Allianz Group's core business and core markets,
(ii) performance of financial markets (particularly market
volatility, liquidity and credit events) (iii) frequency and severity
of insured loss events, including from natural catastrophes, and the
development of loss expenses, (iv) mortality and morbidity levels and
trends, (v) persistency levels, (vi) particularly in the banking
business, the extent of credit defaults, (vii) interest rate levels,
(viii) currency exchange rates including the Euro/U.S. Dollar
exchange rate, (ix) changes in laws and regulations, including tax
regulations, (x) the impact of acquisitions, including related
integration issues, and reorganization measures, and (xi) 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.  
No duty to update 
The company assumes no obligation to update any information or
forward-looking statement contained herein, save for any information
required to be disclosed by law. 
Contacts:
Allianz SE
Stefanie Rupp-Menedetter
+49.89.3800-2063
stefanie.rupp-menedetter@allianz.com
www.allianzcapitalpartners.com 
OMERS
John Pierce
VP Public Affairs
+1 416-350-6784
jpierce@omers.com