RNS Number:5792B
Allianz Dresdr 2 Endw Policy TstPLC
06 August 2007


TR-1(i):               notification of major interests in shares


1. Identity of the issuer or the underlying issuer of existing    Allianz Dresdner Second Endowment Policy
shares to which voting rights are attached(ii):                                  Trust Plc

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                                  X

An acquisition or disposal of financial instruments which may result in the acquisition of   
shares already issued to which voting rights are attached

An event changing the breakdown of voting rights                                              

Other: Existing Positions requiring disclosure under the new Disclosure and Transparency      
Rules.

3. Full name of person(s) subject to the notification                   CG Asset Management Limited
obligation(iii):

4. Full name of shareholder(s) (if different from 3.)(iv):        Smith & Williamson Nominees and Nortrust
                                                                                 Nominees

5. Date of the transaction and date on which the threshold is                 1st August 2007
crossed or reached(v):

6. Date on which issuer notified:                                             6th August 2007

7. Threshold(s) that is/are crossed or reached:                                    9.07%

8. Notified details:                                                          Nominee Holdings



A: Voting rights attached to shares


Class/type of    Situation previous to Resulting situation after the triggering transaction(vii)
shares           the Triggering
                 transaction (vi)
 if possible     Number of  Number of  Number of     Number of voting rights  % of voting rights
using the ISIN   Shares     Voting     shares        ix
CODE                        Rights
                            viii       Direct        Direct  x   Indirect xi  Direct       Indirect



 GB0004939905    1,690,000                                       1,790,000                       9.07%
                 



B: Financial Instruments


Resulting situation after the triggering transaction xii


Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument           xiii            Period/ Date xiv          that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.



Total (A+B)


Number of voting rights                            % of voting rights


      1,790,000                                    9.07%





9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable xv:

Smith & Williamson Nominees for Capital Gearing Trust (3.47%)

Nortrust Nominees for CG Portfolio Fund Limited (5.60%)



Proxy Voting:

10. Name of the proxy holder:                                                       N/A
11. Number of voting rights proxy holder will cease to hold:                        N/A
12. Date on which proxy holder will cease to hold voting rights:                    N/A


13. Additional information:
14. Contact name:                                                      Peter Ingram
15. Contact telephone number:                                         020 7065 1467



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