DGAP-Adhoc: DEPFA BANK plc: Liquidity facilities and

DEPFA BANK plc / Agreement

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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29 October 2008
 
THE FOLLOWING IS THE TEXT OF AN AD HOC ANNOUNCEMENT MADE ON 29 OCTOBER 2008
BY HYPO REAL ESTATE HOLDING AG:

'Liquidity facilities and Financial Markets Stabilisation Fund

The contractual arrangements with a German finance sector consortium,
Deutsche Bundesbank and the German Ministry of Finance regarding the
liquidity lines totalling EUR 50bln, as announced on 6 October 2008, are
currently in the final stages of negotiation. The liquidity lines are to be
made fully available by mid-November.

To cover Hypo Real Estate Group's short-term liquidity requirements in the
meantime, also against the background of recent market developments, the
Group yesterday submitted an application to the Financial Markets
Stabilisation Fund (Sonderfonds Finanzmarktstabilisierung  'SoFFin') for a
guarantee with respect to a provision of EUR 15bln of liquidity by Deutsche
Bundesbank. A decision is expected shortly.

Furthermore, the Group will submit an application to SoFFin for additional
comprehensive support, including potential capitalisation measures. The
utilisation of the Fund is expected to cover the Group's additional funding
requirements once the liquidity facilities extended by the consortium have
been disbursed, thus providing the basis for the medium-term re-positioning
of the Group.'

Contact: Julia Hoggett  +353 (1) 792 2004
 
Issued on behalf of the following related entities in respect of their
listed bonds:

DEPFA BANK plc
DEPFA ACS BANK
DEPFA Funding III LP
DGAP 29.10.2008 
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Language:     English
Issuer:       DEPFA BANK plc
              1, Commons Street
               Dublin 1
              Irland
Phone:        +49 (0)69 92882 275
Fax:          +49 (0)69 92882 107
E-mail:       info@depfa.com
Internet:     www.depfa.com
ISIN:         DE000A0AUJ90
WKN:          A0AUJ9
Listed:       Regulierter Markt in Frankfurt (General Standard)
End of News                                     DGAP News-Service
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DGAP-Adhoc: DEPFA BANK plc: Liquidity facilities and Financial Markets Stabilisation Fund
