DEPFA BANK : RIGHTS OF NOTEHOLDERS RELEVANT INFORMATION -Press Release - DEPFA Pfandbrief Bank International S.A.

DEPFA BANK plc (81MS) RIGHTS OF NOTEHOLDERS RELEVANT INFORMATION -Press Release - DEPFA Pfandbrief Bank International S.A. 24-Jan-2019 / 14:20 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Press Release - DEPFA Pfandbrief Bank International S.A. 24January 2019 DEPFA Pfandbrief Bank International S.A. ("DEPFA PBI")is a wholly owned subsidiary of DEPFA BANK plc ("DEPFA") which is wholly owned byFMS Wertmanagement AöR ("FMS-WM") the German state-owned, wind-down agency. FMS-WM was established in order to wind up risk positions and non-strategic operations of the former Hypo Real Estate Holding AG group ("HRE Group") which included the DEPFA sub-group.DEPFA PBI has not undertaken any new business for several years and has been methodically shrinking its balance sheet in line with the DEPFA group policy of preserving capital and winding down its portfolio in a manner designed to maintain value.   Since 2016 FMS-WM has been purchasingcovered bonds issued by the DEPFA groupin the market, including Lettres de Gage Publiques("LdG") issued by DEPFA PBI. LdG held by FMS-WM were subsequently bought back by DEPFA PBI and cancelled. As a result of these buybacks and the natural maturing of LdG, the size of the LdG cover-pool has beensteadily decreasing.   The final LdG of DEPFA PBI, in the amount of Euro 10m, matured on 23 January 2019 and today DEPFA PBI has removed the remaining asset from the LdG cover-pool. This reduces the total outstanding liabilities and assets in the DEPFA PBI cover-pool to zero. As DEPFA PBI has no plans to issue any new LdG, its cover-pool will now close. This marks another milestone in the managed wind down of the DEPFA group.   Thecurrent revised business assumption for DEPFA PBI is that, subject to all regulatory and corporate approvals and satisfaction of contractual terms and conditions and further wind down measures,any remaining assets or liabilities in DEPFA PBI will have been transferred to a successor or affiliate entity by 1 January 2020.   If you have any questions, please contact Rachel Martin, Head of Communications for DEPFA at [phone] or by email at [e-mail] or Frank Hessel Communications for FMS-WM at [phone]or by email [e-mail]

ISIN:	DE000A0AUJ90
Category Code:	MSCM
TIDM:	81MS
LEI Code:	HRRVUBV0XN84YQZT6245
Sequence No.:	7238
EQS News ID:	769205

End of Announcement	EQS News Service