DGAP-Adhoc: IKB reduces group loss forecast for financial year 2007/08 to -€ 0.2 billion (IFRS)


IKB Deutsche Industriebank AG / Forecast

22.04.2008 

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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The Board of Managing Directors of IKB Deutsche Industriebank expects that
IKB Group (based on IFRS) will post a loss of - € 0.2 billion (previous
forecast: -€ 0.8 billion) for the 2007/08 financial year. This reduction
resulted from calculations during the ongoing process of preparing IKB’s
consolidated financial statements for the financial year 2007/08.
The deviation from the previous forecast is due, on the one hand, to an
increase of € 0.25 billion in the positive valuation effects regarding
liabilities of currently € 1.5 billion after deferred taxes. On the other
hand, the favourable valuation effect from the debtor warrants
(Besserungsabreden) of € 0.35 billion had not been included in the
previous forecast. The debtor warrants are an element of KfW’s capital
injection that was made in February and March 2008 in a total amount of €
1,050 million. It has to be accounted for as liability in the IFRS group
accounts and shown at the present value of the future payments. The
difference between nominal value and present value has to be recorded in
the income statement.

IKB will present its audited 6-month results for the financial year 2007/08
on 29 April 2008.

The Board of Managing Directors 
Düsseldorf, 22 April 2008


Contact: Dr. Jörg Chittka, Tel. +49 (0)211 8221-4349, Michael Klein, Tel.
+49 (0) 211 8221-4920, Email: investor.relations@ikb.de





DGAP 22.04.2008 
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Language:     English
Issuer:       IKB Deutsche Industriebank AG
              Wilhelm-Bötzkes-Straße 1
              40474 Düsseldorf
              Deutschland
Phone:        +49 (0)211 8221-4511
Fax:          +49 (0)211 8221-2511
E-mail:       investor.relations@ikb.de
Internet:     www.ikb.de
ISIN:         DE0008063306
WKN:          806330
Indices:      SDAX
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard),
              Düsseldorf, Hamburg, München; Freiverkehr in Hannover,
              Stuttgart
End of News                                     DGAP News-Service
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