SoFFin holds 47.31 percent of Hypo Real Estate Holding AG (HRE) after expiration of acceptance period - the takeover to stabilize HRE by the Federal Republic of Germany can be continued swiftly.

Berlin (ots) - - After the expiration of the acceptance period on
4 May 2009, the Financial Market Stabilization Fund, acting for the
Federal Republic of Germany, now holds 47.31 percent of all shares in
HRE.
- The acceptance period will not be extended.
- It is envisaged that an extraordinary general meeting shall approve
a capital increase in order to continue the takeover of the bank on 2
June 2009.
- SoFFin is aiming at a complete takeover of the shares in HRE.

After the expiration of the acceptance period on 4 May 2009, the
Financial Market Stabilization Fund, acting for the Federal Republic
of Germany, now holds 47.31 percent of all shares in HRE.

In order to continue the takeover of the bank, it is envisaged
that the extraordinary general meeting shall approve a capital
increase. The capital increase will sustainably strengthen the equity
base of the company while ensuring that the necessary restructuring
measures will take place swiftly. Initially, it is planned to
increase the share capital accordingly. The new shares will be issued
at par.

SoFFin will subscribe all of the new shares, excluding
subscription rights of the shareholders. This will give the Fund a
majority of 90% of the registered share capital and voting rights of
HRE. Such majority will enable the subsequent takeover of the shares
of the remaining minority shareholders through a so called
squeeze-out procedure. SoFFin expects the price to be paid in such
procedure not to exceed the offer price of EUR 1.39 per share.

HRE's shareholders have already been invited to an extraordinary
general meeting on 2 June 2009.

Prof. Dr. Hannes Rehm, Chairman of the SoFFin Management
Committee, is optimistic about the outcome: "We will consistently
pursue our efforts to stabilize HRE. The bank is of systematic
relevance and must be rescued in order to ensure stability of the
financial markets and the German economy. I expect the envisaged
capital increase to be approved by the extraordinary general
meeting," he added.

Financial Market Stabilization Fund (SoFFin)

The Financial Market Stabilization Fund is managed by the
Financial Market Stabilization Agency. It has been given the name
"Financial Market Stabilization Fund" as per its objective and
because of the limited period of time it will be in operation. The
fund was created on 17 October 2008 under the German Financial Market
Stabilization Act.

Note to editors: Please direct any questions relating to SoFFin's
voluntary public takeover offer to the person below. Please refer to
http://www.SoFFin.de for any related materials.

For further questions, please contact:

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Pressekontakt:
Kirsten Bradtmöller
Financial Market Stabilization Fund (SoFFin)
- Financial Market Stabilization Agency -
Head of Planning & Support and Public Relations
Phone: (0 69) 23 88 30 09
E-mail: kirsten.bradtmoeller@soffin.de