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January 12, 2009

Commerzbank: Dresdner Bank takeover closed

Following the acquisition of Dresdner Bank by Commerzbank Allianz receives approximately 163.5 million shares in Commerzbank resulting from a capital increase in kind. The capital increase decided upon already in August 2008 has been registered with the Commercial Register (Handelsregister) today. Consequently, Commerzbank became the sole shareholder of Dresdner Bank. The Federal Cartel Office (Bundeskartellamt) had already agreed to the acquisition in December, 2008.

On November 27, 2008 the Board of Managing Directors of Commerzbank had agreed with Allianz to accelerate the full takeover of Dresdner Bank. According to the initial agreement Commerzbank assumed that the complete takeover will not be conluded until the second half of 2009. In spring Dresdner Bank is expected to be merged into Commerzbank. Bank identification numbers and the account numbers of the customers do not change by the execution of the takeover and the merger.

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