Hamburg Commercial Bank AG
HSH Nordbank AG: Agreement reached in EU state aid proceedings of HSH Nordbank
HSH Nordbank AG / Key word(s): Miscellaneous 21.03.2016 13:35 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Agreement reached in EU state aid proceedings of HSH Nordbank The EU Commission and the Federal Republic of Germany have reached an agreement in the ongoing EU state aid proceedings of HSH Nordbank regarding the re-increase of the second loss guarantee to EUR 10.0 billion. This agreement is generally in line with the parties' informal agreement reached on 19 October 2015. The questions affecting the Bank's balance sheet have been settled, including the valuation of the portfolio to be transferred to Hamburg and Schleswig-Holstein. Based on this agreement, HSH Nordbank will prepare its financial statements and group financial statements for the financial year 2015. The annual results press conference will take place on 9 June 2016. HSH Nordbank AG 20079 Hamburg P.O. Box 1122 24100 Kiel In addition to the privately placed silent participations and profit participation capital the following publicly placed instruments based on silent participations of HSH Nordbank AG are affected: RESPARCS Funding II Limited Partnership Securities 7.5% EUR 500mn (ISIN DE0009842542) RESPARCS Funding Limited Partnership I Securities 8.0% USD 300mn (ISIN XS0159207850) HSH Nordbank Sparc Securities 7.4075% EUR 500mn (ISIN XS0142391894) HSH Nordbank Sphere Securities 7.25% USD 500mn (ISIN XS0221141400) --------------------------------------------------------------------------- Information and Explanation of the Issuer to this News: Ralf Löwe Head of Funding & Investor Relations Telefon 0431 900 11293 Fax 0431 900 611293 ralf.loewe@hsh-nordbank.com www.hsh-nordbank.de Mirko Wollrab Head of Communications Telefon 040 3333 12972 Fax 040 3333 612972 mirko.wollrab@hsh-nordbank.com www.hsh-nordbank.de 21.03.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: HSH Nordbank AG Gerhart-Hauptmann-Platz 50 20095 Hamburg Germany Phone: +49 (0)40 33 33-0 Fax: +49 (0)40 33 33-340 01 E-mail: info@hsh-nordbank.com Internet: www.hsh-nordbank.com ISIN: DE000HSH2H15, DE000HSH2H23 WKN: HSH2H1, HSH2H2 Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart ISIN-Liste abrufbar unter: , http://www.hsh-nordbank.de/media/pdf/investorrelations/funding/anleihe/MarktSegment.pdf End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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