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IKB Deutsche Industriebank AG: IKB supports Public Debt Tender by LSF6 Rio to purchase Capital Notes and Hybrid Notes

DGAP-News: IKB Deutsche Industriebank AG / Key word(s): Miscellaneous
IKB Deutsche Industriebank AG: IKB supports Public Debt Tender by LSF6 Rio
to purchase Capital Notes and Hybrid Notes

13.01.2016 / 10:45
The issuer is solely responsible for the content of this announcement.

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IKB supports Public Debt Tender by LSF6 Rio to purchase Capital Notes and
Hybrid Notes

[Düsseldorf, 13 January 2016] LSF6 Rio S.à.r.l. today made an offer to
purchase the notes issued by Capital Raising GmbH (ISIN: DE 0007490724,
"Capital Notes") and the notes issued by Hybrid Raising GmbH (ISIN: DE
000A0AMCG6, "Hybrid Notes"), (together "the Notes"). IKB supports the
offer. Based on the purchase price of 20% of the nominal value that
represents a premium of about 8% of nominal value to recent stock exchange
prices IKB believes that the offer represents an attractive opportunity to
holders of the Notes.

Capital Raising GmbH issued the Capital Notes in 2002 with a total volume
of EUR 200 million. Hybrid Raising GmbH issued the Hybrid Notes in 2004
with a total volume of EUR 200 million. The Notes have economically
participated in losses of IKB and for the last time received interest
payments in July 2007. The repayment value of the Notes was reduced to EUR
0.00 as of 31 March 2012 and has remained at that level since.

Servicing the compensation agreements of a total amount of EUR 1,151.5
million and the value recovery rights of the hybrid investors means that
IKB AG will probably not report any, or only minimal, profit for a long
time to come, even if results are positive. In addition, to the extent that
net income can be reported in future, the reduction of net accumulated
losses means that it will not be possible to replenish the Notes, pay
interest on the Notes or distribute a dividend to the shareholders of IKB
AG.

The acceptance period of the offer will expire on 2 February 2016 at 4.00
p.m.(CET), unless extended by the purchaser. Noteholders who wish to tender
their Notes should contact their bank or custodian institution. Further
information is available on www.ikb-tender.de.

IKB does not make any recommendation that noteholders should tender their
Notes or refrain from doing so pursuant to the offer. Nothing in this press
release is, or shall be relied upon as, an investment advice or a legal
advice. Noteholders should consider consulting their professional advisors.

Contact:
Dr Jörg Chittka, tel.: [phone];
Armin Baltzer, tel.: [phone], e-mail: [e-mail]

IKB Deutsche Industriebank AG supports medium-sized enterprises in Germany
and Europe with loans, risk management, capital market services and
advisory services.


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13.01.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: IKB Deutsche Industriebank AG
Wilhelm-Bötzkes-Straße 1
40474 Düsseldorf
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.ikb.de
ISIN: DE0008063306
WKN: 806330
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hanover, Stuttgart; Open Market (Entry Standard) in
Frankfurt


End of News DGAP News Service
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428973 13.01.2016