Blocklisting Interim Review

    Allianz AG



                   Block Listing Six Monthly Return

Information Provided on This Form Must Be Typed or Printed Electronically.

To: The FSA

Date: January 18, 2006

AVS No:
Name of applicant:                                Allianz Aktiengesellschaft
----------------------------------------------------------------------------------------------------
Name of scheme:                                   BLOCKLISTING
----------------------------------------------------------------------------------------------------
Period of return:                    From:        July 1, 2005      To:     December 31, 2005
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Balance under scheme from previous return:        11,200,000
----------------------------------------------------------------------------------------------------
The amount by which the block scheme has been
 increased, if the scheme has been increased since
 the date of the last return:                     -
----------------------------------------------------------------------------------------------------
Number of securities issued/allotted under scheme
 during period:                                   9,000,000
----------------------------------------------------------------------------------------------------
Balance under scheme not yet issued/allotted at
 end of period                                    2,200,000
----------------------------------------------------------------------------------------------------
Number and class of securities originally listed  11,200,000 ordinary shares,
 and the date of admission                        June 30, 2005
----------------------------------------------------------------------------------------------------
Total number of securities in issue at the end of 406,040,000 ordinary shares
 the period
----------------------------------------------------------------------------------------------------

Name of contact:                                  Dr. Elsbeth Pabst
----------------------------------------------------------------------------------------------------
Address of contact:                               Allianz AG
                                                  Koeniginstr. 28, D-80802 Muenchen
----------------------------------------------------------------------------------------------------
Telephone number of contact:                      +49 89 3800 18478
----------------------------------------------------------------------------------------------------

SIGNED BY /s/ Elsbeth Pabst /s/ Sylvia Hoechendorfer

Director/company secretary/suitably experienced employee/duly authorised
officer,

for and on behalf of

Allianz Aktiengesellschaft

Name of applicant

If you knowingly or recklessly give false or misleading information you may be
liable to prosecution.

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