Deutsche Pfandbriefbank AG / Key word(s): Quarter Results 15.04.2015 22:04 Dissemination of an Ad-hoc-update according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- With ad-hoc-announcement dated March 6th, 2015, Deutsche Pfandbriefbank AG (pbb) already informed on provisions in the amount of EUR 120 million, effective for the financial year 2014, made for its receivables against the wind-down entity Heta Asset Resolution AG (Heta), which are deficiency guaranteed by the Austrian federal state of Carinthia. Pursuant to a Management Board resolution taken on 15th April 2015, pbb has now, as a precaution, made further provisions of EUR 79 million in the Q1 2015 results for its mentioned receivables against Heta. Together with the provisions of EUR 120 million made in the 2014 full year results, the provisioning was therefore increased to a total of 50 percent of the notional value of the receivables against Heta. This increase was made following recommendations made by the Financial Regulators. Link to the ad-hoc-announcement dated March 6th, 2015: http://www.dgap.de/dgap/News/adhoc/deutsche-pfandbriefbank-deutsche-pfandb riefbank-provisions-for-heta-debt-securities-covered-letter-indemnity-issu ed-the-austrian-federal-state-carinthia-the-financial-statements-taking-ch arge-against-income-eur-million/?companyID=1079&newsID=849237 15.04.2015 The DGAP 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: Deutsche Pfandbriefbank AG Freisinger Strasse 5 85716 Unterschleissheim Germany Phone: +49 (0) 89 2880 28 201 Fax: +49 (0) 89 2880 22 28 201 E-mail: info@pfandbriefbank.com Internet: http://www.pfandbriefbank.com ISIN: DE0008053331, Eine vollständige Ãbersicht der Eigenemissionen der Deutsche, Pfandbriefbank AG (ISIN, Börse, Segment) finden Sie unter, http://www.pfandbriefbank.com/investor-relations/pflichtvero effentlichungen/ad-hoc-mitteilungen.html WKN: 805333, Eine vollständige Ãbersicht der Eigenemissionen der Deutsche, Pfandbriefbank AG (ISIN, Börse, Segment) finden Sie unter, http://www.pfandbriefbank.com/investor-relations/pflichtveroeffentlichungen/ad-h oc-mitteilungen.html Listed: Regulated Market in Frankfurt (Corporate Bonds), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; London, Mailand, Paris, Luxemburg, SIX End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Deutsche Pfandbriefbank AG: Deutsche Pfandbriefbank AG further provisions in the amount of EUR 79 million for Heta Asset Resolution AG's debt securities, guaranteed by the Austrian federal state of Carinthia
| Source: EQS Group AG