DGAP-Adhoc: Hypo Real Estate Holding AG: A group of

Hypo Real Estate Holding AG / Miscellaneous

16.04.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Hypo Real Estate Holding AG:
A group of investors coordinated by J.C. Flowers intends to submit a public
offer to purchase around 24.9% of the shares of Hypo Real Estate Holding
AG.
Munich, 16.04.2008: A group of investors coordinated by J.C. Flowers & Co.
LLC, and consisting of J.C. Flowers & Co. LLC, Shinsei Bank Limited and
Grove International Partners LLP, has decided today to submit via an
acquisition vehicle a voluntary public offer to the shareholders of Hypo
Real Estate Holding AG to purchase 50,076,000 shares of Hypo Real Estate
Holding AG ('HRE'). This is equivalent to approx. 24.9% of all outstanding
shares of HRE, excluding the additional shares to be issued in August 2008
after the conversion of the mandatory convertible bond issued by Hypo Real
Estate Finance B.V. for partially financing the DEPFA acquisition. The
offer price shall be EUR 22.50 in cash per HRE share.
The announced price of EUR 22.50 in cash is equivalent to a premium of 25.3
% on the volume-weighted three-month average price (XETRA closing prices)
before today (EUR 17.95) and of 21.8 % on the last closing price.
The Management Board in principle welcomes the offer, the preparation of
which was supported by the Management Board. After reviewing the offer
document which still has to be drawn up, the Management Board and
Supervisory Board will provide a statement with reasons commenting on the
offer including in particular the offer price.


Contact:
Kontakt: Herr Oliver Gruss +49-89-203007-781


DGAP 16.04.2008 
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Language:     English
Issuer:       Hypo Real Estate Holding AG
              Unsöldstraße 2
              80538 München
              Deutschland
Phone:        +49 (0)89 203 007-780
Fax:          +49 (0)89 203 007-772
E-mail:       ir@hyporealestate.com
Internet:     www.hyporealestate.com
ISIN:         DE0008027707, DE0008027731, 
WKN:          802770, 802773, 
Indices:      DAX
End of News                                     DGAP News-Service
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DGAP-Adhoc: Hypo Real Estate Holding AG: A group of investors coordinated by J.C. Flowers intends to submit a public offer to purchase around 24.9% of the shares of Hypo Real Estate Holding AG.
