Ad-Hoc Mitteilungen

Deutsche Pfandbriefbank AG: CEO Axel Wieandt will leave by mutual agreement

Deutsche Pfandbriefbank AG / Change of Personnel

25.03.2010 16:31

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CEO Axel Wieandt will leave by mutual agreement

Munich, 25 March 2010 - Deutsche Pfandbriefbank AG
Chief Executive Officer at Hypo Real Estate Holding AG and Deutsche
Pfandbriefbank AG, Dr. Axel Wieandt, offered his resignation to the
Supervisory Boards of the companies today due to differing views
with the Financial Market Stabilisation Fund (SoFFin) regarding the
management of the Company. It was with regret that the Supervisory Boards
of Hypo Real Estate Holding AG and Deutsche Pfandbriefbank AG accepted the
resignation and Dr. Axel Wieandt has been released of his duties as of

The Supervisory Board thanks Dr. Wieandt for his work as Chairman of the
Management Boards. Dr. Wieandt took on the responsibility of CEO at the
height of the crisis and has made a significant contribution to the
stabilisation and realignment of the Company.

The Supervisory Board will make a decision in due course regarding Dr.
Wieandt's successor in the role of CEO. Until further notice, the
Supervisory Board has entrusted the role of CEO and the coordination of
the work in the Management Board to Manuela Better. She has been a Member
of the Management Board since February 2009 and, as Chief Risk Officer, is
responsible for the area of Risk Management.

Reiner Barthuber +49 (0) 89 2880 28 201

25.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
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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:         DE0008084047, DE0008127218, DE0008127226, DE0005463251, XS0303478118, DE 0008042904, DE0008124041, DE0008042946
WKN:          808404, 812721, 812722, 812404, 546325, A0NXMH, 804290, 804294, Eine vollständige Übersicht der Eigenemissionen der Deutsche Pfandbriefbank AG (ISIN, Börse, Segment) finden Sie unter
Listed:       Regulierter Markt in München, Düsseldorf, Stuttgart; Foreign
              Exchange(s) London, Paris, SIX, Luxembourg
End of News                                     DGAP News-Service