ADR Allianz Dres.2

RNS Number:4347C
Allianz Dresdr 2 Endw Policy TstPLC
04 May 2006

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

Allianz Dresdner Second Endowment Policy Trust plc


2)   Name of shareholder having a major interest


Capital Gearing Trust Plc


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.



As in 2 above



4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them:

Gerrard Nominees Limited a/c 660862


5)   Number of shares/amount of stock acquired

-

6)   Percentage of issued class

-

7)   Number of shares/amount of stock disposed


-

8)   Percentage of issued class

-

9)   Class of security

2006 Shares of 5p each


10)  Date of transaction

Not Disclosed


11)  Date company informed

4 May 2006


12)  Total holding following this notification


  888,000 2006 Shares of 5p each


13)  Total percentage holding of issued class following this notification

4.42% (2006 Shares)



14)            Any additional information



-


15)   Name of contact and telephone number for queries


P W I Ingram


020 7065 1467

16)  Name of company official responsible for
     making this notification:


P W I Ingram
Company Secretary



Date of notification 4 May 2006


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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