DGAP-Adhoc: DVB Bank AG: DVB resolves to increase its share

DVB Bank AG / Capital Increase

11.06.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc disclosure (pursuant to section 15 of the WpHG) dated 11 June 2008 

DVB Bank AG (DVB) resolves to increase its share capital 

Exercising its authorisation to increase the share capital of DVB Bank AG
by a maximum total amount of EUR30 million (Article 4a of the Memorandum
and Articles of Association  'Authorised Capital 2006'), and based on the
resolutions in principle (passed by the Board of Managing Directors and the
Supervisory Board on 10 April 2008) to increase the Companys capital form
authorised capital, on 11 June 2008 the Board of Managing Directors adopted
a resolution to increase DVBs share capital by EUR16,974,890.46, from
EUR101,817,054.66 to EUR118,791,945.12, via the issue of 664,000 new
notional no-par value bearer shares ('unit shares'), against cash
contribution.

The new shares will carry full dividend rights from 1 January 2008. 

DVB's share capital is divided into 3,982,737 unit shares, of which the
Company currently holds 1,585 as treasury shares. DVB is not entitled to
any subscription rights with respect to these shares; instead, the
corresponding subscription rights are vested to the benefit of remaining
shareholders, in line with their respective stake held in the Companys
share capital. Therefore, the number of shares eligible for subscription is
equal to 3,981,152 unit shares (3,982,737 shares less 1,585 treasury
shares). The subscription ratio, based on the number of shares eligible for
subscription, is 6:1; when computed on the basis of the entire share
capital, it is 6 : 0.9996.

By virtue of this indirect subscription right, every shareholder will thus
be entitled to subscribe to one new share for every six existing shares
held (based on the number of shares eligible for subscription). DZ BANK
AG,Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main,Platz der
Republik, 60325 Frankfurt/Main, Germany, will underwrite the new
shares, with the obligation to offer them to shareholders of DVB Bank AG
for indirect subscription, during a period commencing on 24 June 2008 and
ending on 8 July 2008, at a subscription ratio of 6:1, and at an issuing
price yet to be determined. The Board of Managing Directors of DVB will
determine the issuing price at a later date, within a range between
EUR216.00 and EUR225.00 (inclusive).

To facilitate the settlement of the share issue, shareholders subscription
rights will be excluded for fractional amounts totalling EUR12,134.75. The
value of such fractional amounts per shareholder is generally minor,whereas
the issuance of shares without such exclusion of subscription rights for
fractional amounts would incur substantial additional expenditure. The
exclusion is thus applied for practical purposes, and to facilitate the
execution of the share issue. DZ BANK AG will be instructed to dispose of
the shares related to the fractional amounts at the best possible price, in
each case at least at the subscription price.

Subscription by DZ BANK AG will be non-binding, unless the capital increase
is entered into the Commercial Register by 20 June 2008. Exchange trading
in the new shares at the Frankfurt Stock Exchange is expected to commence
in mid-July 2008.

The Supervisory Board approved this resolution on 11 June 2008. 

Frankfurt/Main, 11 June 2008 

DVB Bank AG 

THE BOARD OF MANAGING DIRECTORS 

Wolfgang F. Driese  Bertrand Grabowski   Dagfinn Lunde 

DVB Bank AG 

Friedrich-Ebert-Anlage 2-14, 60325 Frankfurt/Main, Germany 

ISIN: DE 0008045501
Listing: General Standard (Regulated Market) at the Frankfurt Stock
Exchange



Elisabeth Winter, Manager Investor Relations


DGAP 11.06.2008 
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Language:     English
Issuer:       DVB Bank AG
              Friedrich-Ebert-Anlage
              60325 Frankfurt am Main
              Deutschland
Phone:        069-97504-329
Fax:          069-97504-333
E-mail:       elisabeth.winter@dvbbank.com
Internet:     www.dvbbank.com
ISIN:         DE0008045501
WKN:          804550
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Stuttgart, Düsseldorf
End of News                                     DGAP News-Service
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DGAP-Adhoc: DVB Bank AG: DVB resolves to increase its share capital
