BW20030422002004  20030422T085423Z UTC


( BW)(ALLIANZ-AG)(ALZ) Holding(s) in Company

    Business Editors
    UK REGULATORY NEWS

    MUNICH, Germany--(BUSINESS WIRE)--April 22, 2003--

                                       SCHEDULE 10

                        NOTIFICATION OF MAJOR INTERESTS IN SHARES

  All relevant boxes should be completed in block capital letters.

  1.  Name of company

       Address: Allianz Aktiengesellschaft
                Koniginstrasse 28
                80802 Munchen

  2.  Name of shareholder having a major interest

                MR Beteiligungen 9. GmbH
                Address: Koniginstr. 107
                80802 Munchen

  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

      10

  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

      registered shares

 10.  Date of transaction

 11.  Date company informed

      April 2, 2003

 12.  Total holding following this notification

 13.  Total percentage holding of issued class following this notification

      18,1 %

 14.  Any additional information

      This publication refers to S25 WpHG (German law)

 15.  Name of contact and telephone number for queries

      Mrs. Hoechendorfer
      0049-89-3800-2953

 16.  Name and signature of authorised company official responsible for making this notification

                                                             Allianz Aktiengesellschaft
      Date of notification            April 17, 2003         signed by Dr. S. Hochendorfer / G. Bredbeck

   Short Name: Allianz AG
   Category Code: HOL
   Sequence Number: 00004148
   Time of Receipt (offset from UTC): 20030422T084022+0100

      --30--sm/uk*

      CONTACT: Allianz AG

      KEYWORD: GERMANY UNITED KINGDOM INTERNATIONAL EUROPE
      INDUSTRY KEYWORD: BANKING INSURANCE
      SOURCE: Allianz AG


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