DGAP-Adhoc: DAB bank AG: €29.57 million profit before valuation effects at September 30, 2008 / Pretax profit for the first nine months at €1.48 million due to strict mark-to-market valuation of investment portfolio / Good start into the fourth quarter

| Source: EQS Group AG EQS Group AG 

DAB bank AG / Quarter Results

27.10.2008 

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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Munich, October 27, 2008. The DAB bank Group, which operates in Germany and
Austria, earned a pretax profit of €1.48 million in the first nine months
of 2008. The operating profit for the third quarter amounted to €7.03
million and for the first nine months, it came to €29.57 million.

However, since September 15, when U.S. investment bank Lehman Brothers
filed for protection under Chapter 11, the crisis in the financial markets
has worsened considerably, leading to a massive widening of credit spreads.
The mark-to-market valuation of DAB bank’s conservatively composed
investment portfolio at September 30, 2008 reduced the value of the
portfolio by €28.08 million.  Therefore the pretax profit of the third
quarter amounts to €-21.05 million.

The value of the bank’s investment portfolio was strictly measured on the
basis of current market values. Therefore DAB bank is not carrying any
undisclosed liabilities as it enters the fourth quarter. Now as before, DAB
bank is comfortably capitalized and possesses ample liquidity. DAB bank’s
equity ratio was 11.18% at September 30, 2008 (December 31, 2007: 10.90%),
which is significantly higher than the minimum required regulatory ratio of
8%. Also at September 30, DAB bank’s liquidity ratio, which is calculated
in accordance with the German Liquidity Regulation, came to 3.98 (December
31, 2007: 4.88), also well above the minimum required regulatory ratio of
1.0.

DAB bank has had a good start into the fourth quarter. Since mid-September,
there was a substantial increase in the trading activity of customers,
along with the attendant positive effects on the commission income.



Contact:
If you have queries, please contact Dr. Jürgen Eikenbusch, DAB bank, +49 89
500 68 595 oder communications@dab.com.


DGAP 27.10.2008 
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Language:     English
Issuer:       DAB bank AG
              Landsberger Straße 300
              80687 München
              Deutschland
Phone:        +49 (0)89 500 68 595
Fax:          +49  (0)89 500 68 669
E-mail:       communications@dab.com
Internet:     www.dab.com
ISIN:         DE0005072300
WKN:          507230
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, Stuttgart, München, Hamburg, Düsseldorf;
              Foreign Exchange(s) Paris
End of News                                     DGAP News-Service
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