What meant the merger and the resulting conversion into a European company for the shareholders?
After the merger and the conversion of name became effective, shareholders of Allianz AG have automatically become shareholders of Allianz SE. There are no other basic changes. Shareholders will continue to be entitled to take part at AGMs and to exercise their voting rights. The Allianz SE share will continue to be listed on all stock exchanges where Allianz AG shares were also listed. In addition the share was listed on the Milan stock exchange. After the merger became effective, shareholders of RAS have automatically become shareholders of Allianz SE. In exchange for their RAS shares, RAS shareholders received shares of Allianz. The exchange ratio was 3 Allianz shares for 19 RAS ordinary shares or 19 RAS savings shares. The Allianz shares required for the swap were generated by way of a capital increase which was decided on by the EGM of Allianz AG on 8 February 2006.
