RESPARCS Funding II Limited Partnership / Payout/Miscellaneous 15.04.2010 16:29 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- April 15, 2010 RESPARCS Funding II Limited Partnership (the company) announces the following: The Company was informed by HSH Nordbank AG, Hamburg and Kiel (the bank), that the bank reported a balance sheet loss and a net loss for 2009 business year. This means that the bank will not make any coupon payments on hybrid instruments for the fiscal year 2009. Furthermore, such instruments will participate in the balance sheet loss or net loss for the fiscal year 2009. For the instruments of RESPARCS Funding II Limited Partnership with ISIN DE0009842542 listed on the Frankfurt Stock Exchange and on the Official Segment of the stock market of Euronext Amsterdam N.V. which are based on a silent participation. This means that no coupon payment will be made for the profit period 2009 and that these instruments will participate in a balance sheet loss for the fiscal year 2009 via the silent participation. The book value of the silent participation was reduced by 16.401 percent to 83.599 percent. The following instrument of RESPARCS Funding II Limited Partnership is affected: ISIN DE0009842542 listed on the Frankfurt Stock Exchange and on the Official Segment of the stock market of Euronext Amsterdam N.V.: Issuer: The Company, RESPARCS Funding II Limited Partnership, a limited partnership established under the laws of Jersey on 17 April 2003, acquired with the proceeds of the Re-Engineered Silent Participation Assimilated Regulatory Capital (RESPARC) Securities, a silent participation in the commercial enterprise (Handelsgewerbe) of HSH Nordbank (formerly Landesbank Schleswig-Holstein Girozentrale) in the form of a Stille Gesellschaft under German law. The Issuer expects to fund interest payments on the RESPARC Securities with distributions received under the Participation Agreement and funds received from the Bank's Luxembourg branch under a loan agreement. Interest payments are contingent on the Issuer's receipt of Silent Participation Payments from HSH Nordbank under the Participation Agreement. Jersey, April 15, 2010 Company: RESPARCS Funding II Limited Partnership 22 Grenville Street St. Helier Jersey 15.04.2010 16:29 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] --------------------------------------------------------------------------- Language: English Company: RESPARCS Funding II Limited Partnership 22 Grenville Street JE4 8PX St.Helier/Jersey Channel Islands GroÃbritannien Phone: - Fax: - E-mail: - Internet: - ISIN: DE0009842542 WKN: 984254 Listed: Regulierter Markt in Frankfurt (General Standard) End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: RESPARCS Funding II Limited Partnership: Participation in losses and non-payment of coupons for HSH Nordbank's hybrid capital
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