DGAP-News

Sale of HSH Beteiligungs Management GmbH's participation in HSH Nordbank AG - Seite 2

HSH Nordbank has a solid capital position, with a CET 1 ratio (fully-loaded) of 13.0% and a leverage ratio (phase-in) of 7.5%. Furthermore, it has an established funding and securitization platform including a Covered Bond License ("Pfandbrieflizenz"). For further information regarding HSH Nordbank, please refer to HSH Nordbank's corporate website at www.hsh-nordbank.com.

It is the intention and clear preference of the Seller to sell all of its shares in HSH Nordbank including all of its assets and liabilities. If an alternative transaction structure is proposed, the extent of the offered risk transfer will be a central evaluation criterion for the Seller. The Länder are entitled to retain up to 25% of the overall shares in HSH Nordbank for up to four years from the completion of the sale.

The (potential) buyer(s) of HSH Nordbank must be independent of HSH Nordbank and the public sector according to the above mentioned European Commission's state aid decision.

The Seller reserves the right to restrict the number of parties in the sales process. In doing so, the Seller will assess the (indicative) bids based on criteria as disclosed in the Process Letter(s) encompassing, inter alia, the availability of financing for the acquisition of HSH Nordbank as well as the capability of receiving all approvals from the relevant competition, regulatory and other authorities. The transaction will be subject, inter alia, to a parliamentary approval both in Hamburg as well as in Schleswig-Holstein. In addition, the acquisition will be notified to the European Commission.

Citigroup Global Markets Deutschland AG (Citi) is acting as exclusive Financial Advisor to the Länder as the (in-)direct owners of the Seller in connection with this sales process. Written expressions of interest in participating in the sales process must be submitted by post, courier, telefax or email only to the contact persons stated below by no later than 12:00 noon (CET) on 27th February 2017.

Expressions of interest must be submitted in German or English. They must contain the (ultimate) interested party's name, address, the names of the responsible individuals to be contacted with questions as well as the names of any mandated advisors (if applicable). Expressions of interest on behalf of a third party (including agents and advisors) will be considered only if a proper power of representation is submitted in writing.