COREALCREDIT BANK AG / Key word(s): Letter of Intent 08.07.2014 12:59 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- COREALCREDIT BANK AG is withdrawing its voluntary public commitment for Pfandbriefe effective as of 8 August 2014. In taking this step the Bank is reacting to the improvement in its bank rating to BBB (long-term rating) and F2 (short-term rating) at the beginning of April, for the most part driven by its takeover by the Aareal Bank Group and the change in the criteria used by the rating agency with regards to the overcollateralization requirements applying to mortgage Pfandbriefe. As a result of the improvement in the short-term rating to F2, the rating agency Fitch does not need a public commitment any longer, and is instead now applying the lowest overcollateralization actually kept over the last 12 months in its Pfandbrief analysis. This is with 14.9% in August 2013 well above the 13.0% communicated in the commitment, based on the outstanding volume of mortgage bonds COREALCREDIT BANK AG will also continue to uphold and preserve the good quality of its cover pool and ensure transparency in the future as well. Contact: Dr Leo Cremer Phone: +49 69 7179 665 leo.cremer@corealcredit.de --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Please find a register of all listed securities of COREALCREDIT BANK AG on our website http://www.corealcredit.de/upload/wertpapiere/Wertpapierliste.pdf 08.07.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: COREALCREDIT BANK AG Grüneburgweg 58-62 60322 Frankfurt am Main Germany Phone: 069 / 7179 - 543 Fax: 069 / 27179 - 543 E-mail: axel.leupold@corealcredit.de Internet: www.corealcredit.de ISIN: DE000A0BU964 WKN: A0BU96 Listed: Regulierter Markt in Frankfurt (General Standard) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: COREALCREDIT BANK AG withdraws voluntary public commitment for Pfandbriefe
| Source: EQS Group AG