The following table provides an overview of bonds issued by Allianz AG 1) : CAPITALAND FINANCING 33 Allianz AG bond issues 1) 1) Bonds and exchangeable bonds issued or guaranteed by Allianz AG, excluding private placements 2) Includes coupon payment and option premium at amortized cost 3. Exchangeable Bonds Interest 2.0 % exchangeable bond issued by Allianz Finance B. V.,  paid Amsterdam in 2003 Exchangeable for  Siemens AG shares Volume  ¤ 1.7 bn Year of issue  2000 Maturity date  3/23/2005 Current exchange price  ¤ 149.64 SIN 452 540 ISIN  DE 000 452 540 7 Interest cost 2) ¤ 84.2 mn Received option premium at issue ¤ 256.8 mn  Index-linked exchangeable bond (Miles)  issued by Allianz Finance II B. V., Amsterdam At the issuer’s discretion, exchangeable or repayable  in shares of  E.ON AG, BASF AG, Münchener Rückversicherungs- Gesellschaft AG or  certain other shares Volume  ¤ 1.0 bn Year of issue  2001 Maturity date  2/20/2004 Exchange ratio  Relevant DAX reference price divided by the relevant reference price of the shares selected Outperformance bonus  1.25% p.a. of the relevant DAX reference price SIN 600 385 ISIN  DE 000 600 385 8 Interest cost ¤ 17.7 mn 1.25 % exchangeable bond issued by Allianz Finance B. V., Amsterdam Exchangeable for RWE AG shares Volume ¤ 1.1 bn Year of issue  2001 Maturity date  12/20/2006 Current exchange price  ¤ 50.16 SIN 825 371 ISIN XS 013 976 180 2 Interest cost 2) ¤ 49.6 mn Received option premium at issue ¤ 178.1  mn Total interest cost for exchangeable bonds ¤ 151.6 mn 4. Participation certificate Allianz AG participation certificate Nominal amount  ¤ 31.2 mn Payout per certificate for 2002 ¤ 3.60  Current redemption price  ¤ 72.39 SIN  840 405 ISIN  DE 000 840 405 4 Issues that reached maturity in 2003 6.0 % bond issued by Allianz Finance B. V., Amsterdam ISIN  DE 000 132 275 8 Matured on  5/14/2003 Interest cost ¤ 17.4 mn 3.0 % exchangeable bond issued by Allianz Finance B. V., Amsterdam ISIN  DE 000 197 280 0 Matured on 2/4/2003 Interest cost ¤ 3.7 mn Total interest cost 2003 for matured issues ¤ 21.1 mn Total interest cost ¤ 681.4 mn 1. Senior Bonds Interest 5.75 % bond issued by Allianz Finance B. V., Amsterdam paid Volume  ¤ 1.1 bn in 2003 Year of issue  1997/2000 Maturity date  7/30/2007 SIN 194 000 ISIN  DE 000 194 000 5 Interest cost ¤ 63.7 mn 5.0 % bond issued by Allianz Finance B. V., Amsterdam Volume  ¤ 1.6 bn Year of issue  1998 Maturity date 3/25/2008 SIN 230 600 ISIN DE 000 230 600 8 Interest cost ¤ 84.5 mn 3.0 % bond issued by Allianz Finance B. V., Amsterdam Volume  CHF 1.5 bn Year of issue 1999/2000 Maturity date 8/26/2005 SIN 830 806 ISIN  CH 000 830 806 3 Interest cost ¤ 34.1 mn 4.625 % bond issued by Allianz Finance II B. V., Amsterdam Volume ¤ 1.1 bn Year of issue  2002 Maturity date  11/29/2007 SIN  250 035 ISIN  XS 015 878 835 5 Interest cost ¤ 52.5 mn 5.625 % bond issued by Allianz Finance II B. V., Amsterdam Volume  ¤ 0.9 bn Year of issue 2002 Maturity date  11/29/2012 SIN  250 036 ISIN  XS 015 879 238 1 Interest cost ¤ 51.2 mn Total interest cost for senior bonds ¤ 286.0 mn 2. Subordinated Bonds 6.125 % bond issued by Allianz Finance II B. V., Amsterdam Volume  ¤ 2 bn Year of issue  2002 Maturity date  5/31/2022 SIN  858 420 ISIN XS 014 888 756 4 Interest cost ¤ 123.6 mn 7.25 % bond issued by Allianz Finance II B. V., Amsterdam Volume  $ 0.5 bn Year of issue  2002 Maturity date  Perpetual Bond SIN  369 290 ISIN XS 015 915 072 0 Interest cost ¤ 33.0 mn 6.5 % bond issued by Allianz Finance II B. V., Amsterdam Volume  ¤ 1 bn Year of issue  2002 Maturity date  1/13/2025 SIN  377 799 ISIN  XS 015 952 750 5 Interest cost ¤ 66.1 mn Total interest cost for subordinated bonds ¤ 222.6 mn