DEPFA Deutsche Pfandbriefbank AG:German government to acquire a stake in the share capital of Hypo Real Estate Group

DEPFA Deutsche Pfandbriefbank AG / Corporate Action

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German government to acquire a stake in the share capital of
Hypo Real Estate Group

*8.7 per cent stake to be acquired in a first step
*SoFFin intends to gain full control over Hypo Real Estate Group

Frankfurt/Munich, 28 March 2009: The German Financial Markets Stabilisation
Fund (SoFFin) intends to take action to stabilise Hypo Real Estate Group,
in the interest of stabilising the financial markets; specifically, SoFFin
will implement measures to achieve a sufficient recapitalisation of Hypo
Real Estate Holding AG, and will extend further guarantees. This was
confirmed today by SoFFin in a declaration of intent issued to Hypo Real
Estate Holding AG and Hypo Real Estate Bank AG.
It is a prerequisite for the intended recapitalisation of Hypo Real Estate
Group by SoFFin that either SoFFin or the German government gain full
control over Hypo Real Estate Holding AG. To this end is intended to make
use of the options that will be provided by the German Financial Markets
Stabilization Amendment Act, which is currently being discussed in the
legislative process.
As a first step to recapitalise Hypo Real Estate Group, SoFFin has
committed itself to acquiring 20 million Hypo Real Estate shares to be
issued under authorised capital, at the minimum price prescribed by law of
EUR 3.00 per share, to the exclusion of shareholders' pre-emptive rights.
New shares must be issued at least at the minimum issue price, which
amounts to EUR 3.00 per share for Hypo Real Estate Holding AG. The entire
issue amount of EUR 60 million thus payable by SoFFin will be made
available to Hypo Real Estate Holding AG, not to the existing shareholders.
SoFFin will thus acquire a stake of approx. 8.7 per cent in Hypo Real
Estate Holding AG.
The Management Boards of Hypo Real Estate Holding AG and of Hypo Real
Estate Bank AG have undertaken, with the approval of their respective
Supervisory Boards, to SoFFin to take the necessary steps to implement the
recapitalisation.




Contact:
Stefan Krick +49 (06196) / 9990-2851


28.03.2009  Financial News transmitted by DGAP
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Language:     English
Issuer:       DEPFA Deutsche Pfandbriefbank AG
              Ludwig-Erhard-Straße 14
              65760 Eschborn
              Deutschland
Phone:        +49 (0)6196 9990-0
Fax:          +49 (0)6196 9990-1331
E-mail:       Stefan.Krick@DePfa.com
Internet:     www.depfa-pfandbriefbank.com
ISIN:         DE0008042946, DE0008042938, DE0008042904
WKN:          804294, Eine vollständige Übersicht der Eigenemissionen der
DEPFA Deutsche Pfandbriefbank AG (ISIN, Börse,Segment) finden Sie unter:,
http://www.hyporealestate.com/796.php
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart;
              Foreign Exchange(s) Luxembourg, SWX
 
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