DGAP-News: Hypo Real Estate Holding AG:SoFFin now holds a

Hypo Real Estate Holding AG / Corporate Action/Squeeze Out

08.06.2009 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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SoFFin now holds a 90 per cent stake in Hypo Real Estate; will initiate
squeeze-out of minority shareholders

Munich, 8 June 2009 - The German Financial Markets Stabilisation Fund
('SoFFin') has been holding a 90 percent stake in the share capital of Hypo
Real Estate Holding AG since Monday. This follows SoFFin's subscription of
approximately 986.5 million shares from a capital increase resolved by the
Company's Extraordinary General Meeting on 2 June 2009. The Munich local
court (Amtsgericht München), being the court having jurisdiction over Hypo
Real Estate's Commercial Register, has now registered the capital
increase: as a result, the Company's issued share capital amounts to EUR
3,652,885,800, comprising 1,217,628,600 no-par value shares (Stückaktien).
Hypo Real Estate raised funds amounting to approximately EUR 2.96 billion
via this capital increase.

The CEO of Hypo Real Estate Holding Axel Wieandt said: 'Hypo Real
Estate will require additional capital support even after this capital
increase.  We anticipate a loss situation at least in the 2009 and 2010
financial years too.' The future high burden on earnings, according to
Wieandt, is due mainly to three factors: Expenditure for liquidity support
received, expenditure in relation to the strategic realignment and
restructuring as well as further write-downs on receivables and securities
that are expected in the course of the financial crisis and economic
downturn. 'We are very concerned about developments on the commercial real
estate market' said Wieandt.

Against this background, SoFFin notified Hypo Real Estate on Monday that it
will require minority shareholders to transfer their shares to SoFFin,
against an appropriate settlement payment. The Company's AGM will need to
decide on the squeeze-out of minority shareholders; a date has yet to be
fixed.


Press contacts: 

Walter Allwicher: +49 89 203007-787; walter.allwicher@hyporealestate.com
Oliver Gruss: +49 89 203007-781; oliver.gruss@hyporealestate.com


Contact:
Walter Allwicher: +49 89 203007-787; walter.allwicher@hyporealestate.com


DGAP 08.06.2009 
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Language:     English
Issuer:       Hypo Real Estate Holding AG
              Unsöldstraße 2
              80538 München
              Deutschland
Phone:        +49 (0)89 203 007-780
Fax:          +49 (0)89 203 007-772
E-mail:       ir@hyporealestate.com
Internet:     www.hyporealestate.com
ISIN:         DE0008027707, DE000A0XFS34
WKN:          802770, A0XFS3
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, Stuttgart, Düsseldorf, München, Hamburg;
              Terminbörse EUREX
 
End of News                                     DGAP News-Service
 
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DGAP-News: Hypo Real Estate Holding AG:SoFFin now holds a 90 per cent stake in Hypo Real Estate; will initiate squeeze-out of minority shareholders
