Dr. Axel Wieandt will leave Hypo Real Estate Group by mutual agreement

DEPFA BANK plc 

Dr. Axel Wieandt will leave Hypo Real Estate Group by mutual agreement and step
down from his position as Chairman and Non-Executive 
Member of the Board of DEPFA BANK plc

Dublin, 25 March 2010 
Dr. Axel Wieandt, Chief Executive Officer at Hypo Real Estate Holding AG and
Deutsche Pfandbriefbank AG offered his resignation to the Supervisory Boards of
the companies on Thursday 25 March 2010 due to differing views with the
Financial Market Stabilisation Fund (SoFFin) regarding the management of the
Group. It was with regret that the Supervisory Boards of Hypo Real Estate
Holding AG and Deutsche Pfandbriefbank AG accepted the resignation and Dr. Axel
Wieandt has been released of his duties as of today.  Dr. Wieandt also resigned
with immediate effect from his position as Chairman and Non-Executive Member of
the Board of DEPFA BANK plc. 

The new Chairman of DEPFA BANK plc will be appointed in due course.





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