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. --------------------------------------------------------------------------- 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 banks homepage www.deutsche-hypo.de, under the heading 'Investor Relations'. Contact: Ulrich Krogmeier DGAP 29.10.2008 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: Deutsche Hypothekenbank (Actien-Gesellschaft): exposure in Iceland call for value adjustment
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