STOCK EXCHANGE ANNOUNCEMENT
21 January 2009
THE FOLLOWING IS THE TEXT OF AN AD HOC ANNOUNCEMENT MADE BY HYPO REAL ESTATE
HOLDING AG ON 20 January 2009, 20.45 CET:
[Translated from German]
“German Financial Markets Stabilisation Fund ("SoFFin") extends the framework
guarantee granted to Hypo Real Estate Group by an additional EUR 12 billion
Munich, 20 January 2009 - The German Financial Markets Stabilisation Fund
("SoFFin") has extended its framework guarantee granted to Hypo Real Estate
Group by an additional EUR 12 billion, bringing the aggregate guarantee amount
to EUR 42 billion.
Hypo Real Estate Bank AG, part of Hypo Real Estate Group, can use the additional
guarantees to be issued by SoFFin to collateralise debt securities to be issued,
which must be due for repayment by 12 June 2009 at the latest. Hypo Real Estate
Bank AG will pay to SoFFin a pro-rata commitment commission of 0.1% on the
undrawn portion of the framework guarantee, and a 0.5% p.a. fee on guarantees
drawn upon.
Negotiations between Hypo Real Estate and SoFFin regarding more extensive and
longer-term liquidity and capital support measures for the Group have not yet
been finalised.”
Contact: Julia Hoggett: +353 (1) 792 2004
Issued on behalf of DEPFA BANK plc in respect of its listed bonds.
German Financial Markets Stabilisation Fund extends the framework guarantee granted to Hypo Real Estate Group
| Source: DePfa Bank plc