DGAP-Adhoc: DEPFA Deutsche Pfandbriefbank AG: Liquidity facilities and Financial Markets Stabilisation Fund

DEPFA Deutsche Pfandbriefbank AG / Agreement

29.10.2008 

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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Liquidity facilities and Financial Markets Stabilisation Fund

The contractual arrangements with a German finance sector consortium,
Deutsche Bundesbank and the German Ministry of Finance regarding the
liquidity lines totalling EUR 50bln, as announced on 6 October 2008, are
currently in the final stages of negotiation. The liquidity lines are to be
made fully available by mid-November.

To cover Hypo Real Estate Group's short-term liquidity requirements in the
meantime, also against the background of recent market developments, the
Group yesterday submitted an application to the Financial Markets
Stabilisation Fund (Sonderfonds Finanzmarktstabilisierung – 'SoFFin') for a
guarantee with respect to a provision of EUR 15bln of liquidity by Deutsche
Bundesbank. A decision is expected shortly.

Furthermore, the Group will submit an application to SoFFin for additional
comprehensive support, including potential capitalisation measures. The
utilisation of the Fund is expected to cover the Group's additional funding
requirements once the liquidity facilities extended by the consortium have
been disbursed, thus providing the basis for the medium-term re-positioning
of the Group.



Contact:
Stefan Krick +49 (06196) / 9990-2851


DGAP 29.10.2008 
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Language:     English
Issuer:       DEPFA Deutsche Pfandbriefbank AG
              Ludwig-Erhard-Straße 14
              65760 Eschborn
              Deutschland
Phone:        +49 (0)6196 9990-0
Fax:          +49 (0)6196 9990-1331
E-mail:       Stefan.Krick@DePfa.com
Internet:     www.depfa-pfandbriefbank.com
ISIN:         DE0008042946, DE0008042938, DE0008042904
WKN:          804294, Eine vollständige Übersicht der Eigenemissionen der DEPFA Deutsche Pfandbriefbank AG (ISIN, Börse,Segment) finden Sie unter:, http://www.depfa-pfandbriefbank.com/pf/de/2498.html
Listed:       Regulierter Markt in Frankfurt (General Standard),
              Luxembourg; Freiverkehr in Berlin, Düsseldorf, Hamburg,
              Stuttgart; Foreign Exchange(s) SWX
End of News                                     DGAP News-Service
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