Deutsche Pfandbriefbank AG will offer a repurchase of its bond with the ISIN DE000A1PG3A3

Deutsche Pfandbriefbank AG  / Key word(s): Bond/Miscellaneous16.04.2015 14:35Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Munich, 16 April 2015 -Deutsche Pfandbriefbank AG (pbb) has today resolvedto offer to repurchase against cash in a public tender up to a nominalvolume of EUR250 million of its unsecured benchmark bond which was issuedin September 2012 with an original nominal volume of EUR500 million andlater increased with a tap of EUR 250 million (ISIN DE000A1PG3A3) at aprice of 100.85 %.The repurchase offer is only valid outside of the United States of America.Further information and restrictions on the repurchase will be published ina Tender Offer Memorandum, which can be obtained from Lucid Issuer ServicesLimited as tender agent in connection with the repurchase and pbb from 16April 2015.Contact:Reiner Barthuber +49 (0) 89 2880 28 20116.04.2015 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      Deutsche Pfandbriefbank AG              Freisinger Strasse 5              85716 Unterschleissheim              GermanyPhone:        +49 (0) 89 2880 28 201Fax:          +49 (0) 89 2880 22 28 201E-mail:       info@pfandbriefbank.comInternet:     www.pfandbriefbank.comISIN:         DE0008053331, Eine vollständige Übersicht der Eigenemissionen              der Deutsche, Pfandbriefbank AG (ISIN, Börse, Segment) finden              Sie unter,              www.pfandbriefbank.com/investor-relations/pflichtvero              effentlichungen/ad-hoc-mitteilungen.htmlWKN:          805333, Eine vollständige Übersicht der Eigenemissionen der Deutsche, Pfandbriefbank AG (ISIN, Börse, Segment) finden Sie unter, www.pfandbriefbank.com/investor-relations/pflichtveroeffentlichungen/ad-hoc-mitteilungen.htmlListed:       Regulated Market in Frankfurt (Corporate Bonds), Munich,              Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf,              Hamburg, Hanover; London, Mailand, Paris, Luxemburg, SIX End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------