DGAP-News: Hypo Real Estate Holding AG:Changes to the Management Board of Hypo Real Estate Holding AG and of DEPFA

| Source: EQS Group AG EQS Group AG 

Hypo Real Estate Holding AG / Change of Personnel

29.09.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Changes to the Management Board of Hypo Real Estate Holding AG and of DEPFA
Bank Plc

Munich, 29.09.2008 - Bo Heide-Ottosen, Member of the Management Board of
Hypo Real Estate Holding AG and Member of the Board of Directors of DEPFA
Bank Plc in Dublin has resigned from all his mandates with immediate effect
and will leave Hypo Real Estate Group. Mr. Heide-Ottosen was responsible
for Long–Term Funding and Treasury within DEPFA as well as for Public
Sector Finance and Infrastructure Finance within the Group.

Paul Leatherdale, Member of the Board of Directors of DEPFA Bank Plc in
Dublin will also leave the Group with immediate effect.  Mr. Leatherdale
was CEO of DEPFA Bank Plc since almost one year, also with responsibilitiy
for Public Sector Origination and Infrastructure Finance.

Furthermore Dr. Robert Grassinger, Spokesman for Hypo Real Estate Bank AG
in Munich, will leave the Group by year-end.  By mutual consent, the
Supervisory Board had already agreed to terminate Dr. Grassinger’s contract
some time back.

Dr. Markus Fell, CFO of the Group, will take over responsibility from Bo
Heide-Ottosen for Public Sector Finance.

The Management Board of Hypo Real Estate Holding AG will be enlarged and
strengthened in the near future by new Board Members.

Hypo Real Estate Group 

Following the acquisition of DEPFA Bank Plc in October 2007, Hypo Real
Estate Group has evolved into one of the leading international financial
services providers for commercial real estate lending, public finance and
infrastructure finance. The Group, with total assets of € 395 billion,
1,900 employees and offices across Europe, the Americas and Asia, consists
of the non-operational listed Hypo Real Estate Holding AG and operational
entities. Hypo Real Estate Bank International AG and Hypo Real Estate Bank
AG conduct the international real estate financing business. DEPFA and
DEPFA Deutsche Pfandbriefbank AG conduct the public sector and
infrastructure finance business. Additional information is to be found on
www.hyporealestate.com.

Press Contact:

Hypo Real Estate Group

Hans Obermeier

Tel.: +49 (0)89 203007 787

Fax: +49 (0)89 203007 772 

E-Mail: hans.obermeier@hyporealestate.com



Contact:
Kontakt: Herr Hans Obermeier +49-89-203007-787


DGAP 29.09.2008 
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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
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, Stuttgart, Düsseldorf, München, Hamburg;
              Terminbörse EUREX
End of News                                     DGAP News-Service
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