EANS-News: DVB Bank SE placed its inaugural EUR500 million senior unsecured benchmark issue

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Financing, Stock Offerings (IPO)/benchmark issue

Frankfurt am Main (euro adhoc) - DVB entered the financial market in
a still fragile environment with a new three-year EUR500 million
transaction. It was the Bank's inaugural euro-denominated senior
unsecured benchmark issue and at the same time the first benchmark
transaction out of Germany since February 2012.

Wolfgang F. Driese, CEO and Chairman of the Board of Managing
Directors, commented on this issue as follows:

"This very successful benchmark issue, firstly, elevates our
visibility and strengthens our profile in the financial markets.
Secondly, and very importantly, it broadens DVB's investor base
beyond the German co-operative sector. And we are indeed very pleased
about the overwhelming demand from various types of European
investors, highlighting our strong recognition in the capital
markets. The great success of our issuance also encourages us to
pursue our goal of building up a benchmark curve in the foreseeable
future."

The transaction was prepared by a series of investor meetings in
Germany during April 2012 resulting in encouraging feedback. Thus,
DVB announced and launched the transaction on Tuesday, 8 May 2012.
Books were opened at 03:00 p.m. CET with an official spread range of
mid-swaps +158/+160 basis points. Thanks to a high number of sizeable
high-quality orders, the bookbuilding process went swiftly and the
book was closed at 03:30 p.m. CET, with a fixed spread at the low end
of the spread guidance (mid-swaps +158 basis points). There was huge
demand from various investors (140 accounts) leading to an
oversubscribed, highly granular order book with a total volume of
nearly EUR1.0 billion. In order to assure an orderly and fair
allocation process, the deal was finally priced and allocated on
Wednesday, 9 May 2012, at 10:30 p.m. CET.

Further transaction details: Issue size: EUR500 million; format:
senior, unsecured; maturity date: 15 May 2015; value date: 15 May
2012; coupon: 2.5%, spread: +158 basis points vs. mid-swap; joint
bookrunners: DZ BANK AG, LBBW and UniCredit.

Banks were the most important investor group, participating with 61%,
followed by funds with 26% and insurance companies with 12%. From a
geographical point of view, accounts from Germany represented the
vast majority (88%), followed by Austria and Switzerland with a
combined 6% and investors from Nordic countries took 4%.

Contact for this press release:
Elisabeth Winter, Manager Investor Relations: +49 69 9750 4329 -
elisabeth.winter@dvbbank.com
Boris Siegers, Head of Group Treasury: +49 69 9750 4616 -
boris.siegers@dvbbank.com

Note to Editors: DVB Bank SE, headquartered in Frankfurt/Main,
Germany, is the leading specialist in the international transport
finance business. The Bank offers integrated financing solutions and
advisory services in respect of Shipping Finance, Aviation Finance,
and Land Transport Finance. The Bank operates out of offices in
Frankfurt/Main, Hamburg, London, Cardiff, Rotterdam, Bergen, Oslo,
Piraeus, Zurich, Singapore, Tokyo, New York and Curaçao. DVB Bank SE
is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501).
www.dvbbank.com

Further inquiry note:
Elisabeth Winter
Investor Relations
Tel: +49 (0)69-97504-329
E-Mail: elisabeth.winter@dvbbank.com

end of announcement euro adhoc
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company: DVB Bank SE
Platz der Republik 6
D-60325 Frankfurt am Main
phone: +49 (0)69 9750-40
FAX: +49 (0)69 9750-4444
mail: info@dvbbank.com
WWW: http://www.dvbbank.com
sector: Banking
ISIN: DE0008045501
indexes:
stockmarkets: free trade: Düsseldorf, Stuttgart, regulated dealing/general
standard: Frankfurt
language: English