Ad-Hoc Mitteilungen

Deutsche Pfandbriefbank AG: IPO of Deutsche Pfandbriefbank AG: Offer price set at 10.75 EUR per share

Deutsche Pfandbriefbank AG  / Key word(s): IPO

15.07.2015 18:59

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The issuer is solely responsible for the content of this announcement.


WKN:  801900  ISIN: DE0008019001  Land: Deutschland


IPO of Deutsche Pfandbriefbank AG: Offer price set at 10.75 EUR per share
-  Total gross volume of placement at around 1,156 million EUR including

- Total number of placed shares amounting to 107,580,245 including
6,589,289 over-allotted shares

- Trading of shares on the Frankfurt Stock Exchange expected to commence on
16 July 2015

München, 15 July 2015 - Today, Hypo Real Estate Holding AG (HRE), jointly
with the syndicate banks and the German Federal Agency for Financial Market
Stabilisation (Bundesanstalt für Finanzmarktstabilisierung, FMSA), has set
the offer price for the shares of Deutsche Pfandbriefbank AG (pbb) to be
placed in connection with the initial public offering (IPO) at 10.75 EUR
per share.

A total of 107,580,245 shares from the holdings of HRE were placed with
6,589,289 of them being placed in connection with an over-allotment
(Over-Allotment Shares).

Based on the offer price, the total gross volume of placement amounts to
approximately 1,156 million EUR (including approximately 71 million EUR due
to the over-allotment). Following the IPO, HRE will continue to hold 20% of
the share capital of pbb the Greenshoe Option granted to the syndicate
banks in respect of the Over-Allotment Shares will be exercised in full;
the shareholding may amount to up to 24.9% to the extent the Greenshoe
Option will not be exercised.

Trading of pbb shares (trading symbol PBB / ISIN DE0008019001) is expected
to commence on 16 July 2015 in the Prime Standard segment of the Regulated
Market of the Frankfurt Stock Exchange.


This announcement and the information contained herein are for information
purposes only and do not constitute  an offer to sell or a solicitation of
an offer to buy or subscribe for any securities, particulary not  in the
United States, Australia, Canada, Japan and  in any jurisdiction to whom or
in which such offer or solicitation is unlawful. Any securities referred to
herein have not been and will not be registered under the U.S. Securities
Act of 1933, as amended (the "Securities Act"), or the laws of any state of
the United States, and may not be offered, sold or otherwise transferred in
the United States absent registration or pursuant to an available exemption
from registration under the Securities Act. Neither Deutsche Pfandbriefbank
AG nor its shareholder intends to register any securities referred to
herein in the United States.

This announcement contains forward-looking statements. These statements are
based on the current views, expectations, assumptions and information of
the management of Deutsche Pfandbriefbank AG. Forward-looking statements
shall not be construed as a promise for the materialization of future
results and developments and involve known and unknown risks and
uncertainties. Actual future results or performance of Deutsche
Pfandbriefbank AG or events relating to Deutsche Pfandbriefbank AG may
differ materially from those described in such statements due to, among
other things, changes in the general economic and competitive environment,
risks associated with capital markets, currency exchange rate fluctuations,
changes in international and national laws and regulations, in particular
with respect to tax laws and regulations, affecting Deutsche Pfandbriefbank
AG, and other factors. Deutsche Pfandbriefbank AG does not assume any
obligations to update any forward-looking statements.


Reiner Barthuber +49 (0) 89 2880 28 201

Reiner Barthuber +49 (0) 89 2880 28 201

15.07.2015 The DGAP Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Deutsche Pfandbriefbank AG
              Freisinger Strasse 5
              85716 Unterschleissheim
Phone:        +49 (0) 89 2880 28 201
Fax:          +49 (0) 89 2880 22 28 201
ISIN:         DE0008019001, Eine vollständige Übersicht der Eigenemissionen
              der Deutsche, Pfandbriefbank AG (ISIN, Börse, Segment) finden
              Sie unter,
WKN:          801900, Eine vollständige Übersicht der Eigenemissionen der Deutsche, Pfandbriefbank AG (ISIN, Börse, Segment)finden Sie unter,
Listed:       Regulated Market in Frankfurt , Munich, Stuttgart; Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover;
              London, Mailand, Paris, Luxemburg, SIX
End of Announcement                             DGAP News-Service