DGAP-Adhoc: WestLB AG: Owners strengthen Capital Base – Managing Board Expects Annual Loss of approximately € 1 billion

| Source: EQS Group AG EQS Group AG 

WestLB AG / Capital Increase/Profit Warning

21.01.2008 

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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According to the present status of portfolio valuations in the course of
the preparation of the annual financial statements for 2007, the Managing
Board of WestLB AG expects to report an annual loss of approximately € 1
billion for 2007 at Group level. Additionally, due to the present status of
the portfolio valuations the Managing Board expects non-permanent
write-downs of almost € 1 billion.

In order to safeguard the future development of the Bank, the State of
North Rhine Westphalia, the Regional Associations as well as the Savings
Banks Associations will balance out the annual loss of approximately € 1
billion. The burden from non P&L-relevant valuations will also be absorbed
up to € 1 billion. The precise details of the capital increase, as well as
the timetable for its implementation, will be decided shortly.
DGAP 21.01.2008 
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Language:     English
Issuer:       WestLB AG
              Herzogstraße 15
              40217 Düsseldorf
              Deutschland
Phone:        +49-(0)211-826-01
Fax:          +49-(0)211-826-6119
E-mail:       ir@westlb.de
Internet:     www.westlb.de
ISIN:         DE0003079406, DE0006899412, DE0006899420, DE0007120271, DE0007642837, DE0008121096, DE0008174483, DE0008364001, DE0008364902
WKN:          307940
Listed:       Regulierter Markt in Frankfurt (General Standard),
              Düsseldorf; Freiverkehr in Berlin, Stuttgart, Hamburg
End of News                                     DGAP News-Service
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