Allianz AG

               Notification of Major Interests in Shares

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

Allianz Aktiengesellschaft, Koeniginstr. 28, 80802 Muenchen

2. Name of shareholder having a major interest

MR Beteiligungen 9. GmbH

Koeniginstr. 107, 80802 Muenchen

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

5. Number of shares/amount of stock acquired

6. Percentage of issued class

7. Number of shares disposed

8. Percentage of issued class

9. Class of security

10. Date of transaction

October 14, 2003

11. Date company informed

October 24, 2003

12. Total holding following this notification

13. Total percentage holding of issued class following this notification

0,0 %

14. Any additional information

This publication refers to section 25 WpHG (German Law)

15. Name of contact and telephone number for queries

Mrs. Hoechendorfer, 0049-89-3800-2958

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

signed

Sylvia Hoechendorfer

signed

Guenther Bredbeck

DATE OF NOTIFICATION: NOVEMBER 13, 2003