DGAP-Adhoc: Deutsche Hypothekenbank (Actien-Gesellschaft): exposure in Iceland call for value adjustment

| Source: EQS Group AG EQS Group AG 

Deutsche Hypothekenbank (Actien-Gesellschaft) / Interim Report

29.10.2008 

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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Today, Deutsche Hypothekenbank (Actien-Gesellschaft), Hannover, took the
decision to undertake a value adjustment totalling €25.77 million for its
exposure of €35 million with an Icelandic bank, which it does not judge
will retain its value in the long term, given the crisis on the
international financial markets.

The value adjustment will have a considerable negative impact on the bank's
investment result which is due to disclose in its interim report on 31
October 2008. Consequently, after the first nine months of the current
financial year, and despite the fact that the net interest and commission
income is higher than in the preceding year, the pre-tax result, although
still positive, will be significantly reduced at €1.7 million (€35.1
million as at 30 September 2007).

An overview of the financial instruments issued by Deutsche Hypo according
to Article 4 of the German Decree on the Specification of Display,
Notification and Publication Obligations and the Obligation to Maintain
Registers of Insider Holdings in accordance with the Law on Securities
Trading [Verordnung zur Konkretisierung von Anzeige-, Mitteilungs- und
Veröffentlichungspflichten sowie der Pflicht zur Führung von
Insiderverzeichnissen nach dem Wertpapierhandelsgesetz – WpAIV] can be
viewed on the bank’s homepage www.deutsche-hypo.de, under the heading
'Investor Relations'.



Contact:
Ulrich Krogmeier





DGAP 29.10.2008 
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Language:     English
Issuer:       Deutsche Hypothekenbank (Actien-Gesellschaft)
              Georgsplatz 8
              30159 Hannover
              Deutschland
Phone:        0511-3045-626
Fax:          0511-3045-619
E-mail:       ulrich.krogmeier@deutsche-hypo.de
Internet:     www.deutsche-hypo.de
ISIN:         DE0008042003
WKN:          804200
Indices:      NISAX20
Listed:       Regulierter Markt in Berlin, Frankfurt (General Standard),
              Hannover, Hamburg, Düsseldorf, Luxembourg; Foreign
              Exchange(s) SWX
End of News                                     DGAP News-Service
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