COMMERZBANK AG (London Branch) - Post Satbilisation Allianz SE EUR1bn 3.099% 2047

Post-Stabilisation Notice

13^th January, 2017

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

Allianz SE

EUR1,000,000,000 3.099% Notes  due 06 July 2047

Issued off the Debt Issuance Programme including separate prospectus

Post-Stabilisation Notice

Commerzbank (contact: Ian Turner; telephone: [phone]) hereby gives notice that no stabilisation (within the meaning of Article 3.2 (d) of the Market Abuse Regulation (EU Regulation 596/2014))) was undertaken by the Stabilising Manager(s) named below in relation to the offer of the following securities.

Issuer:	Allianz SE
Guarantor (if any):	n/a
ISIN:	DE000A2DAHN6
Aggregate nominal amount:	EUR 1,000,000,000
Description:	3.099% Fixed to Floating Notes  due 06 July 2047
Stabilisation Manager (s):	Commerzbank Aktiengesellschaft (CSM) Stabilsation Managers: Credit Agricole Corporate and Investment Bank Deutsche Bank AG, London Branch Merrill Lynch International

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.

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