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Press release, Hanover, 15 November 2006 • Deutsche Hypo Extraordinary General Meeting approves strengthening of equity capital base • New Supervisory Board members elected The increase of the Bank’s equity capital, through the borrowing of € 150 million of hybrid capital, which was proposed by the Bank’s Board of Managing Directors and Supervisory Board, was approved by more than 99% of the votes cast at the Extraordinary General Meeting of the Deutsche Hypothekenbank (Actien-Gesellschaft), Hanover/Berlin, which took place on 13 November in Hanover. The Bank’s Board of Managing Directors and Supervisory Board appeared content with the resounding support for this measure, which not only will create scope for further growth, but is also expected to contribute to an increased equity ratio and an improved equity capital yield. As previously reported, Deutsche Hypo ceased to belong to the ING group as of 29 September 2006. Representatives of the previous majority shareholder, messrs. Sytse A. Andringa, Paul Koopmans, Klaus Maier, Ben Tellings and Ignace Henri Joseph Marie van Waesberghe relinquished their positions as of the end of the Extraordinary General Meeting. During the necessary elections to determine the new make-up of the Supervisory Board, the management's proposals were accepted by more than 99% of shareholders, both present and represented. The following persons were newly elected to the Supervisory Board: Jochen Döhle, Hamburg General partner of Peter Döhle Schiffahrts-KG, Friedrich Carl Janssen, Cologne General partner of Sal. Oppenheim jr. & Cie. KGaA, Joachim Olearius, Randowtal Director of M. M. Warburg & CO KGaA, Dietmar Schmid, Bad Homburg Member of the Board of Managing Directors of BHF-BANK AG, Max Warburg, Hamburg General partner of M. M. Warburg & CO KGaA. Furthermore, Wolfgang Hollender, retired member of the Board of Managing Directors of Deutsche Hypothekenbank (Actien-Gesellschaft) has been appointed as Chairman of the Supervisory Board. Messrs. Reinhard Drexler, Ralf Hinrichs and Frank Wolff will continue in their roles as employee representatives. For further information please contact: Markus Nitsche Head of Marketing and Sales Georgsplatz 8 30159 Hannover Telefon: +49 511 3045-580 Telefax: +49 511 3045-589 E-Mail: Markus.Nitsche@Deutsche-Hypo.de |
