RNS Number:7381X
Allianz Dresdr 2 Endw Policy TstPLC
04 June 2007



NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS


1. Name of the issuer

ALLIANZ DRESDNER SECOND ENDOWMENT POLICY TRUST PLC


2. State whether the notification relates to
(i) a transaction notified in accordance with DR
3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in
accordance with section 324 (as extended by
section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)

RELATES TO (iii) ABOVE

3. Name of person discharging managerial
responsibilities/director

S R T WHITE

4. State whether notification relates to a person
connected with a person discharging
managerial responsibilities/director named in 3
and identify the connected person

N/A


5. Indicate whether the notification is in respect
of a holding of the person referred to in 3 or
4 above or in respect of a non-beneficial
interest

PERSON NAMED IN 3. ABOVE


6. Description of shares (including class),
debentures or derivatives or financial
instruments relating to shares

2009 SHARES OF 1P EACH



7. Name of registered shareholders(s) and, if
more than one, the number of shares held by
each of them

FRANK NOMINEES LIMITED


8 State the nature of the transaction

PURCHASE OF SHARES


9. Number of shares, debentures or financial
instruments relating to shares acquired

16,910


10. Percentage of issued class acquired (treasury
shares of that class should not be taken into
account when calculating percentage)

0.09%


11. Number of shares, debentures or financial
instruments relating to shares disposed

N/A


12. Percentage of issued class disposed (treasury
shares of that class should not be taken into
account when calculating percentage)

N/A


13. Price per share or value of transaction

134.5p


14. Date and place of transaction

4 JUNE 2007, UK


15. Total holding following notification and total
percentage holding following notification
(any treasury shares should not be taken into
account when calculating percentage)

20,000 2009 SHARES, 0.10 %


16. Date issuer informed of transaction

4 JUNE 2007


If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes


17 Date of grant

N/A


18. Period during which or date on which it can
be exercised

N/A


19. Total amount paid (if any) for grant of the
option

N/A


20. Description of shares or debentures involved
(class and number)

N/A


21. Exercise price (if fixed at time of grant) or
indication that price is to be fixed at the time
of exercise

N/A


22. Total number of shares or debentures over
which options held following notification

N/A


23. Any additional information



24. Name of contact and telephone number for queries

PETER INGRAM 020 7065 1467


Name of duly authorised officer of issuer responsible for making notification

PETER INGRAM  - COMPANY SECRETARY 020 7065 1467


Date of notification

4 JUNE 2007


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