DGAP-Adhoc: DAB bank AG to sell its FondsServiceBank

DAB bank AG / Disposal

13.05.2009 

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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Munich, May 13, 2009. The Management Board and Supervisory Board of DAB
bank AG (ISIN DE000507230)have resolved to sell the FondsServiceBank (FSB)
division to Fondsdepot Bank, Hof. The economic consideration for this
transaction is EUR21.4 million. The sale is pending, subject to the
approval of the cartel authority. The economic transfer is planned for the
second quarter of 2010, at the latest.

DAB bank expects that the sale will boost its profitability by more than
one million euros per year and improve its cost-income ratio by about three
percentage points. Furthermore, a positive non-recurring effect of
approximately EUR4 million will be recognized. The sale will also have the
effect of significantly simplifying and streamlining the business processes
of DAB bank.

At March 31, 2009, DAB bank AG administered 1,088,481 securities accounts
comprising customer assets of EUR22.55 billion. Of these totals, FSB
accounted for 458,201 securities accounts comprising customer assets of
EUR3.50 billion.



Contact:
Bei Rückfragen wenden Sie sich bitte an Dr. Jürgen Eikenbusch, DAB bank,
+49 89 500 68 595 oder communications@dab.com.


DGAP 13.05.2009 
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Language:     English
Issuer:       DAB bank AG
              Landsberger Straße 300
              80687 München
              Deutschland
Phone:        +49 (0)89 500 68 595
Fax:          +49  (0)89 500 68 669
E-mail:       communications@dab.com
Internet:     www.dab.com
ISIN:         DE0005072300
WKN:          507230
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, Stuttgart, München, Hamburg, Düsseldorf;
              Foreign Exchange(s) Paris
End of News                                     DGAP News-Service
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DGAP-Adhoc: DAB bank AG to sell its FondsServiceBank division to Fondsdepot Bank
