Holding(s) in Company

RNS Number:4563E
Allianz Dresdr 2 Endw Policy TstPLC
25 October 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

Allianz Dresdner Second Endowment Policy Trust plc


2)   Name of shareholder having a major interest

Deutsche Bank AG


3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18.

4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them:

Deutsche Bank Aktiengesellschaft London A/C PROP0001


5)   Number of shares/amount of stock acquired

-

6)   Percentage of issued class

-

7)   Number of shares/amount of stock disposed


-

8)   Percentage of issued class

-

9)   Class of security

2006 Shares of 5p each / 2009 Shares of 1p each

10)  Date of transaction

Not Disclosed

11)  Date company informed

25 October 2004


12)  Total holding following this notification


  825,000 2006 Shares of 5p each (unchanged)
1,825,000 2009 Shares of 1p each


13)  Total percentage holding of issued class following this notification

4.11% (2006 Shares)  9.24% (2009 Shares)








14)            Any additional information



-


15)   Name of contact and telephone number for queries


P W I Ingram


020 7065 1467

16)  Name of company official responsible for
     making this notification:


P W I Ingram
Company Secretary



Date of notification 25 October 2004


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