B _ Corporate Governance STATEMENT ON CORPORATE MANAGEMENT The Statements on Corporate Management according to §§ 289f and Declaration of Conformity with the 315d of the German Commercial Code (“Handelsgesetzbuch – HGB”) German Corporate Governance Code form part of the Management Report and the Group Management Report, respectively. According to § 317 (2) sentence 6 HGB, the audit Good corporate governance is essential for sustainable business of the disclosures is limited to whether the relevant disclosures have performance. The Board of Management and the Supervisory Board been made. of Allianz SE therefore attach great importance to complying with the recommendations of the German Corporate Governance Code (hereinafter referred to as the “Code”). On 16 December 2021, the Corporate Constitution Board of Management and the Supervisory Board issued the of the European Company (SE) following Declaration of Conformity of Allianz SE with the Code: As a European Company, Allianz SE is subject to special European SE Declaration of Conformity in accordance with § 161 of the German regulations and the German SE Implementation Act (“SE- Stock Corporation Act Ausführungsgesetz”), in addition to the German SE Employee Declaration of Conformity by the Management Board and the Supervisory Board of Involvement Act (“SE-Beteiligungsgesetz”). Notwithstanding, the main Allianz SE with the recommendations of the German Corporate Governance Code features of a German stock corporation – in particular the two-tier Commission in accordance with § 161 of the German Stock Corporation Act (AktG) board system (Board of Management and Supervisory Board) and the principle of equal employee representation on the Supervisory Board Since the last Declaration of Conformity as of December 10, 2020, Allianz SE has complied with all recommendations of the German Corporate – have been maintained by Allianz SE. The Corporate Constitution of Governance Code in the version of December 16, 2019 and will comply with Allianz SE is laid down in its Statutes. The current version of the Statutes them in the future. is available on our website at www.allianz.com/statutes. Munich, December 16, 2021 Allianz SE Regulatory requirements For the Management Board: The regulatory requirements for corporate governance (system of Signed Oliver Bäte Signed Renate Wagner governance) applicable for insurance companies, insurance groups, For the Supervisory Board: and financial conglomerates apply. Specifically, they include the Signed Michael Diekmann establishment and further design of significant control functions (independent risk control function, actuarial function, compliance function, and internal audit) as well as general principles for a sound business organization. These regulatory requirements are applicable In addition, Allianz SE follows all the suggestions of the Code in its throughout the Group in accordance with the principle of 16 December 2019 version. proportionality. The implementation of the regulatory requirements The Declaration of Conformity and further information on is supported by written guidelines issued by the Board of corporate governance at Allianz can be found on our website at Management of Allianz SE. Furthermore, Solvency II requires the www.allianz.com/corporate-governance. publication of qualitative and quantitative information including a market value balance sheet. Details on the implementation of the regulatory requirements for corporate governance by Allianz SE Function of the Board of Management and by the Allianz Group can be found in the Solvency and Financial and the composition and functions of Condition Report of Allianz SE and of the Allianz Group, which are published on our website at www.allianz.com/sfcr. committees Since 1 January 2022, the Board of Management of Allianz SE has eleven members. Its members may not, in general, be older than 62 years of age. The Board of Management is responsible for setting business objectives and the strategic direction, for coordinating and supervising the operating entities, and for implementing and overseeing an efficient risk management system. The Board of Management also prepares the annual financial statements of Allianz SE, the Allianz Group’s consolidated financial statements, the market value balance sheet, and the interim report. 16 Annual Report 2021 − Allianz Group