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Frankfurt am Main, 16th of April 2008

Thomas C. Wilson to be new Chief Risk Officer at Dresdner Bank AG

Thomas C. Wilson will be appointed Dresdner Bank AG’s Chief Risk Officer with effect from 1 June 2008. He succeeds Otto Steinmetz, who will step down from his position on the Board of Managing Directors when his contract expires at the end of May.

In his capacity as CRO of Dresdner Bank AG, Mr Wilson will report to Herbert Walter, Chairman of the Board of Managing Directors of Dresdner Bank AG. Mr Wilson will remain Chief Risk Officer at Allianz SE, a position that he has held since 1 January 2008.

 

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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 core businesses and core markets, (ii) performance of financial markets, including emerging markets, (iii) the extent of credit defaults, (iv) interest rate levels, (v) currency exchange rates including the Euro-U.S. dollar exchange rate, (vi) changing levels of competition, (vii) changes in laws and regulations, including monetary convergence and the European Monetary Union, (viii) changes in the policies of central banks and/or foreign governments, (ix) reorganisation measures and (x) 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 information contained herein.