Company Press Release

Allianz Global Investors to Develop Global Emerging Market Debt capability

?New York, NY, July 22, 2013 – Allianz Global Investors (AllianzGI), a leading global investment management company, today announced the appointment of an award-winning emerging market debt specialist to lead its drive in this strategically important investment segment.

?Greg Saichin will join AllianzGI as Head of Global Emerging Market Debt in September. He was previously Head of Emerging Markets & High Yield Fixed Income Portfolio Management at Pioneer Investments and has over 20 years of experience in emerging markets, the past 13 as a portfolio manager.

?Commenting on the appointment, Andreas Utermann, Co-Head and Global Chief Investment Officer at AllianzGI, said:

?“With the secular rebalancing of global growth from OECD markets toward emerging economies, emerging market debt is becoming an increasingly significant and attractive asset class for long term investors. The superior growth rates will be sustained through higher rates of investment, much of which will be debt-funded. We are very pleased to be welcoming Greg to AllianzGI, where his considerable experience and strong track record in this area will be put in to action immediately.”

?The creation of a global emerging market debt offering is the latest in a series of recent enhancements to AllianzGI’s client offerings. In the past year, it has built successful infrastructure debt and infrastructure equity capabilities in addition to a new offering in regional Asian bonds.

?As of March 31, 2013, AllianzGI was managing assets worth over USD $400 billion, with a broadly balanced split of equity (38%), fixed income (41%) and multi-asset (21%) investments.