Hypo Real Estate Holding AG: SoFFin passes resolution on EUR 1.85 billion recapitalisation for HRE

Hypo Real Estate Holding AG / Corporate Action

30.04.2010 14:33

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SoFFin passes resolution on EUR 1.85 billion recapitalisation for HRE

Munich, 30 April 2010 - The German Financial Markets Stabilisation Fund
(SoFFin) has approved the next recapitalisation tranches of up to EUR 1.85
billion for Hypo Real Estate Holding AG (HRE), within the framework of the
existing capital plan. It is planned that this capital be paid into HRE's
capital reserve in at least two tranches as necessary. In particular, the
recapitalisation is necessary in order for DEPFA BANK plc to maintain its
minimum regulatory capital ratios in the near future. The capital measure
is subject to approval by the European Commission.

As communicated in the past, HRE anticipates aggregate capital
requirements at Group level at an unchanged EUR 10 billion. Including the
support measure at hand, SoFFin has provided total recapitalisation support
of around EUR 7.85 billion to the HRE Group. SoFFin intends to resolve on a
final recapitalisation after conclusion of the EU state aid control
proceedings, and following the establishment of a deconsolidated
environment (Abwicklungsanstalt) for non-strategic or distressed assets of
HRE Group entities.

Contact: Herr Walter Allwicher +49 (0)89 2880 28 787





30.04.2010 Ad hoc announcement, Financial News and Media Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Hypo Real Estate Holding AG
              Freisinger Strasse 5
              85716 Unterschleissheim
              Deutschland
Phone:        +49 (0)89 2880 28 291
Fax:          +49 (0)89 2880 22 28 201
E-mail:       irfo@hyporealestate.com
Internet:     www.hyporealestate.com
ISIN:         DE0008027707, DE000A0XFS34, DE000A0Z1JJ5
WKN:          802770, A0XFS3, A0Z 1JJ
 
End of News                                     DGAP News-Service
 
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