ADR Allianz Dres.2

RNS Number:0775H
Allianz Dresdr 2 Endw Policy TstPLC
01 August 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

Preferred TEP Fund- "B" Class


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:

BNY (OCS) Nominees Limited - 1,433,944


5)   Number of shares/amount of stock acquired

-

6)   Percentage of issued class

-

7)   Number of shares/amount of stock disposed

Not disclosed

8)   Percentage of issued class

-

9)   Class of security

2009 Shares of 1p each

10)  Date of transaction

-

11)  Date company informed

1st August 2006


12)  Total holding following this notification

1,433,944


13)  Total percentage holding of issued class following this notification

7.26%

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 1st August 2006


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

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