SoFFin extends framework guarantee to Hypo Real Estate Group by EUR 10 billion


STOCK EXCHANGE ANNOUNCEMENT                                                     

11 February 2009                                                                
                                                                                
For immediate release                                                           
                                                                                
                                                                                
THE FOLLOWING IS THE TEXT OF AN AD HOC ANNOUNCEMENT MADE BY HYPO REAL ESTATE    
HOLDING AG ON 11 February 2009, 11.18 CET:                                      
[Translated from German]                                                        


“SoFFin extends framework guarantee to Hypo Real Estate Group by EUR 10 billion 

Munich, 11 February 2009 - The German Financial Markets Stabilisation Fund      
("SoFFin") has granted an additional EUR 10 billion framework guarantee,        
expiring on 12 June 2009, to Hypo Real Estate Group.                            

Hypo Real Estate Bank AG, part of Hypo Real Estate Group, will use the guarantee
framework to collateralise debt securities to be issued, which are due for      
repayment by 14 May 2009. 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.                                   

The aggregate guarantee framework provided by SoFFin to the Group amounts to EUR
52 billion.                                                                     

Negotiations between Hypo Real Estate Group and SoFFin regarding more extensive 
and longer-term liquidity and capital support measures 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.