Net Asset Value(s)

 

TIDMAZD 
 
RNS Number : 8613B 
Allianz Dresdner End Pol Tst 2010 
03 November 2009 
 

Allianz Dresdner Endowment Policy Trust 2010 plc 
 
 
The Company announces that its unaudited net asset value 
as at 30th September 2009 was 114.1p per Ordinary Share. 
 
 
The Board has determined that, in the absence of sufficient transactional data, 
the most appropriate basis of valuation is that of estimated surrender value. 
 
 
Projected final net asset values 
 
 
The Company publishes projected final net asset values on a regular basis. These 
projections have been based both on current bonus rate levels and, in order to 
give a measure of the sensitivity of the projected final net asset value to 
changes in bonus rates on 150%, 120%,100%, 80% and 50% of current bonus rates 
and no further bonuses. Projected final net asset values as at 30th September 
2009 are: 
 
 
Projected final net asset values at 31st December 2010: 
 
 
Assuming 150% of current bonus rates: 121.1p 
Assuming 120% of current bonus rates: 118.4p 
Assuming 100% of current bonus rates: 116.6p 
Assuming 80% of current bonus rates:   114.8p 
Assuming 50% of current bonus rates:   112.2p 
Assuming no further bonuses:                107.8p 
 
 
Projected final net asset values are calculated using the principal bases and 
assumptions set out in the Annual Financial Report which, inter alia, assume no 
further death claims or demutualisation benefits are received and no further 
purchases or disposals of policies are made. They have been calculated after 
deduction of estimated future expenses including a provision of GBP200,000 for 
winding up costs.No provision has been made for the proposed dividend payment of 
0.33p per Ordinary Share.  Interest rates over the Company's life are assumed to 
be consistent with the shape of the swap yield curve at 30th September 2009. 
These illustrations are given to provide an indication of the sensitivity of the 
projected final net asset value to bonus rate changes. They should not be taken 
as forecasts of any particular degree of change in bonus rate levels. 
 
 
TWENTY LARGEST HOLDINGS BY LIFE OFFICE 
AS AT 30TH SEPTEMBER 2009 
 
 
+----------------------------------+----------------+--+------------------+ 
| Life Office                      |       Value of |  |             % of | 
|                                  |       Policies |  |            Total | 
|                                  |       GBP'000s |  |      Investments | 
+----------------------------------+----------------+--+------------------+ 
| Standard Life                    |          8,658 |  |             41.3 | 
+----------------------------------+----------------+--+------------------+ 
| Legal & General                  |          4,126 |  |             19.7 | 
+----------------------------------+----------------+--+------------------+ 
| Scottish Provident               |          2,091 |  |             10.0 | 
+----------------------------------+----------------+--+------------------+ 
| Scottish Widows                  |          1,167 |  |              5.6 | 
+----------------------------------+----------------+--+------------------+ 
| Friends Provident                |            823 |  |              3.8 | 
+----------------------------------+----------------+--+------------------+ 
| AVIVA (Norwich Union)            |            425 |  |              2.0 | 
+----------------------------------+----------------+--+------------------+ 
| Scottish Life                    |            391 |  |              1.9 | 
+----------------------------------+----------------+--+------------------+ 
| Prudential (Scottish Amicable)   |            324 |  |              1.5 | 
+----------------------------------+----------------+--+------------------+ 
| National Medical                 |            303 |  |              1.4 | 
+----------------------------------+----------------+--+------------------+ 
| Clerical Medical                 |            230 |  |              1.1 | 
+----------------------------------+----------------+--+------------------+ 
| Prudential                       |            218 |  |              1.0 | 
+----------------------------------+----------------+--+------------------+ 
| Colonial Mutual                  |            182 |  |              0.9 | 
+----------------------------------+----------------+--+------------------+ 
| AVIVA (Commercial Union)         |            138 |  |              0.7 | 
+----------------------------------+----------------+--+------------------+ 
| Royal & Sun Alliance (Royal      |            102 |  |              0.5 | 
| Life)                            |                |  |                  | 
+----------------------------------+----------------+--+------------------+ 
| Sun Life of Canada               |             79 |  |              0.4 | 
+----------------------------------+----------------+--+------------------+ 
| Friends Provident (UKPI)         |             49 |  |              0.2 | 
+----------------------------------+----------------+--+------------------+ 
| AVIVA (Provident Mutual)         |             44 |  |              0.2 | 
+----------------------------------+----------------+--+------------------+ 
| MGM Assurance                    |             36 |  |              0.2 | 
+----------------------------------+----------------+--+------------------+ 
| Refuge Assurance                 |             29 |  |              0.1 | 
+----------------------------------+----------------+--+------------------+ 
| Alba Life (FS Assurance)         |             24 |  |              0.1 | 
+----------------------------------+----------------+--+------------------+ 
| Total of twenty largest holdings |         19,439 |  |             92.6 | 
+----------------------------------+----------------+--+------------------+ 
| Holdings in other offices        |            160 |  |              0.9 | 
+----------------------------------+----------------+--+------------------+ 
| Total holdings of endowment      |         19,599 |  |             93.5 | 
| policies                         |                |  |                  | 
+----------------------------------+----------------+--+------------------+ 
 
 
 
 
FIXED INTEREST HOLDINGS 
AS AT 30TH SEPTEMBER 2009 
 
 
+----------------------------------+--------------+--+--------------+ 
|                                  |     GBP'000s |  |    % of      | 
|                                  |              |  |    Total     | 
|                                  |              |  | Investments  | 
+----------------------------------+--------------+--+--------------+ 
| EIB 5.5% Bd 7.12.11              |          535 |  |          2.6 | 
+----------------------------------+--------------+--+--------------+ 
| EIB 4.25% Bd 7.12.10             |          809 |  |          3.9 | 
+----------------------------------+--------------+--+--------------+ 
|                                  |        1,344 |  |          6.5 | 
+----------------------------------+--------------+--+--------------+ 
|                                  |              |  |              | 
+----------------------------------+--------------+--+--------------+ 
| Total of Invested Funds          |       20,943 |  |        100.0 | 
+----------------------------------+--------------+--+--------------+ 
 
 
 
 
 
 
 
 
Enquiries: 
Peter Ingram 
Company Secretary 
Tel: [phone] 
3rd November 2009 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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