DGAP-Adhoc: EUROHYPO CAPITAL FUNDING TRUST I: European Commission changes the requirement of an Eurohypo disposal into a required run-down, decisions concerning organisational implementation have been taken

EUROHYPO CAPITAL FUNDING TRUST I  / Key word(s): Strategic Company Decision

30.03.2012 12:03

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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March 30, 2012 

Eurohypo Capital Funding Trust I: Notification for holders of
equity-related instruments

Ad-hoc notification in accordance with section 15 WpHG (German Securities
Trading Act)

European Commission changes the requirement of an Eurohypo disposal into a
required run-down, decisions concerning organisational implementation have
been taken

The European Commission today informed the Federal Republic of Germany that
it has changed the condition imposed on Commerzbank in 2009 to divest its
subsidiary Eurohypo into a condition to run down the company. Accordingly,
Commerzbank has to reduce in full both the state financing business (Public
Finance) as well as the bulk of the commercial real estate financing
(non-core areas Commercial Real Estate) of Eurohypo. Merely a clearly
scaled-down part of the commercial real estate financing in Germany, United
Kingdom, France, and Poland may be continued. In accordance with the
conditions imposed by the European Commission, the non-core activities of
Eurohypo (Public Finance and non-core areas in Commercial Real Estate) have
to be clearly separated in organisational terms from the core activities
(core areas in Commercial Real Estate).

The Boards of Managing Directors of Commerzbank and Eurohypo have decided
to implement the conditions of the European Commission as follows: The
business areas Commercial Real Estate and Public Finance will be realigned
in organisational terms. In the future, the non-core activities will be
managed in a new group-internal reduction unit named 'Non Core Assets'
(NCA). The objective of Commerzbank is to further consistently reduce the
portfolios of these non-core activities. The clearly scaled-down commercial
real estate business in Germany, United Kingdom, France, and Poland is to
be gradually transferred to Commerzbank AG in the coming years. In
operational terms, it will be continued in the future as part of the new
Commerzbank segment 'Real Estate and Ship Finance' (RES), that will replace
the existing segment Asset Based Finance (ABF) as of July 1, 2012. The core
activities in the area of Commercial Real Estate will continue to be
optimised in terms of its risks and profitability. In accordance with the
conditions imposed by the European Commission, the Eurohypo brand has to be
given up. While adapting to the changing business framework conditions,
Eurohypo will be continued for the time being. The new company name will be
announced at a later point in time.

The decision by the EU Commission also foresees other conditions: The
core-activities in the area of Commercial Real Estate may not exceed a
volume of 25 billion euro including the annual maximum new business volume
of 5 billion euro through to the end of 2015.

The following equity related instrument of Eurohypo Capital Funding Trust I
is effected:

ISIN XS0169058012,  Luxembourg

Eschborn, March 30, 2012 

Regular Trustee

Eurohypo Capital Funding Trust I
One Rodney Square, 10th Floor
190801 Wilmington, Delaware
Vereinigte Staten von Amerika


30.03.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      EUROHYPO CAPITAL FUNDING TRUST I
              One Rodney Square, 10th Floor
              19801 Wilmington, Delaware
              United States
Phone:        -
Fax:          -
E-mail:       -
Internet:     -
ISIN:         XS0169058012
WKN:          542376
Listed:       Freiverkehr in Düsseldorf, Stuttgart; Open Market in
              Frankfurt; Luxembourg
 
End of Announcement                             DGAP News-Service
 
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