Allianz Technology Trust Ltd (the "Company")

LEI : 549300OMDPMJU23SSH75

25 July 2022

Investment Management Arrangements

On 13 June 2022, Allianz Global Investors ("AllianzGI"), the parent company of the Company's investment manager, announced that it had entered into a definitive agreement with Voya Financial, Inc ("Voya") relating to a strategic partnership, whereby AllianzGI will transfer selected investment teams and assets comprising most of its U.S. business to Voya Investment Management, the asset management business of Voya (the "Transfer"). AllianzGI and Voya have today announced that the Transfer is now complete. Consequently, the US-based Global Technology Team responsible for managing the Company's portfolio has transferred to Voya with effect from 25 July 2022 (the "Effective Date").

The Board has spent time discussing the Transfer with the Company's investment manager and with the Global Technology Team based in San Francisco. The Board is confident that there will be minimal impact on the management of the Company's portfolio, with all members of the Global Technology Team transferred to Voya and continuing to manage the Company's portfolio. It is anticipated that there will be no change to the investment process. The Board has been given assurances by Mike Seidenberg, who has been a member of the team since 2009 and who has assumed the role of the Company's lead portfolio manager from Walter Price as communicated before the AGM earlier in the year, of his commitment to the team for the foreseeable future.

The Company will retain Allianz Global Investors GmbH, UK Branch (the "Manager") as its AIFM and the Manager will also continue to provide administrative and company secretarial services to the Company. However, as a result of the Transfer, an amendment to the agreement between the Company and the Manager (the "AIFM Agreement") has been made to enable the delegation of discretionary portfolio management services to Voya from the Effective Date. All other provisions of the AIFM Agreement remain in place and the aggregate fees paid by the Company to AllianzGI and Voya do not change.

Enquiries

Kelly Nice

Company Secretary

02032467405

Stephanie Carbonneil

Head of Investment Trusts

02032467256

Neil Morgan/Joe Winkley

Winterflood Investment Trusts

Corporate broker

020 3100 0000