DGAP-Adhoc

DEPFA ACS BANK: Purchase by FMS Wertmanagement AöR of DEPFA group covered bond securities

DEPFA ACS BANK / Key word(s): Miscellaneous

29.07.2016 15:11

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad Hoc Announcement - For immediate release

RE: Purchase by FMS Wertmanagement AöR of DEPFA group covered bond
securities

29 July 2016

Issued on behalf of DEPFA ACS BANK in respect of its listed debt.

In January 2016, FMS Wertmanagement AöR ("FMS-WM"), the parent company of
DEPFA BANK plc ("DEPFA" and collectively with its subsidiaries the "DEPFA
Group"), announced a public tender offer to purchase certain Asset Covered
Securities issued by DEPFA ACS BANK, Dublin ("DEPFA ACS"), and certain
Lettres de Gage Publiques issued by DEPFA Pfandbriefbank International S.
A. Luxembourg ("DEPFA PBI"). FMS-WM has to date purchased DEPFA ACS covered
bond securities with an aggregate nominal amount of around EUR 4.8 bn (a
nominal amount of around EUR 3 bn thereof pertaining to global notes and
the remainder to registered notes) and DEPFA PBI covered bond securities
with an aggregate nominal amount of around EUR 0.8 bn (a nominal amount of
around EUR 0.3 bn thereof pertaining to global notes and the remainder to
registered notes), in total around EUR 5.6 bn. About EUR 2.6 bn of the
covered bond securities issued by the DEPFA Group were purchased in the
context of the public tender offer and a further EUR 3 bn have been
acquired by FMS-WM based on bilateral agreements with investors. Further
detail of the percentage holding by FMS-WM in the global notes is set out
in the tables below.

Issuer: DEPFA ACS

ISIN /      Maturity   Issuan-  Principal       Amount     % of    Listing
Common      Date       ce       Amount          Purchased  FMSW
Code                   Curren-  Outstanding                holdi-
                       cy                                  ng
CA249575AG  31/03/202  CAD      300,000,000     297,419,0  99.1%   London
69          5                                   00
CA249575AJ  24/08/203  CAD      350,000,000     349,450,0  99.8%   Dublin
09          5                                   00
DE000A0LPM  16/03/203  USD      962,601,000     927,211,0  96.3%   Dublin
X0 / US249  7                                   00
575AN19
CH00227381  13/10/201  CHF      266,645,000     191,940,0  72.0%   Swiss
05          7                                   00
CH00240213  15/02/201  CHF      200,000,000     140,640,0  70.3%   Swiss