Deutsche Pfandbriefbank AG 08.06.2016 11:41 Dissemination of a Voting Rights Announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Release according to Article 27a, Section 2 of the Wertpapierhandelsgesetz (WpHG-the German Securities Trading Act) Morgan Stanley, Wilmington, Delaware, USA, notified Deutsche Pfandbriefbank AG,Unterschleissheim, Germany, that, referring to the voting rights notification dated 12 May 2016, Morgan Stanley,Wilmington Delaware, USA, has exceeded the threshold of 10% of the voting rights in Deutsche Pfandbriefbank AG and, hereby makes the following notification pursuant to Sec. 27 a of the German Securities Trading Act (Wertpapierhandelsgesetz): 1. The acquisition of voting rights resulting in Morgan Stanley exceeding the notification threshold of 10% of the voting rights in Deutsche Pfandbriefbank AG did not serve the purpose of strategic goals; rather it was made in the context of client facilitation. 2. Morgan Stanley may in the next 12 months acquire further voting rights in Deutsche Pfandbriefbank AG, in particular in the context of client facilitation. 3. Morgan Stanley does not intend to influence the composition of the management board, supervisory board or any other administrative body of Deutsche Pfandbriefbank AG. 4. Morgan Stanley does not intend to cause a significant change in the capital structure of Deutsche Pfandbriefbank AG, in particular not of the ratio between equity and debt financing and the dividend policy. 5. The acquisition of voting rights resulting in Morgan Stanley exceeding the notification threshold of 10% of the voting rights in Deutsche Pfandbriefbank AG resulted from and/or was made in the context of client facilitation. The acquisition was financed by a combination of external and Morgan Stanley own funds. 08.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Deutsche Pfandbriefbank AG Freisinger Strasse 5 85716 Unterschleissheim Germany Internet: http://www.pfandbriefbank.com End of Announcement DGAP News-Service ---------------------------------------------------------------------------