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Ad Hoc: Corporate Communications vom 17.11.2011

(Adhoc:) DAB bank AG adopts cash capital increase by 7,518,699 new shares, excluding preemptive rights

DAB bank AG adopts cash capital increase by 7,518,699 new shares, excluding preemptive rights

Munich, November 17, 2011

The Management Board of DAB bank AG adopted a resolution on November 17, 2011, with the consent of the Supervisory Board and the Executive Committee of the Supervisory Board of DAB bank AG, to increase the share capital of the Company by EUR 7,518,699 from EUR 75,187,007 to EUR 82,705,706 against cash contributions, by utilizing the Authorized Capital II pursuant to Article 4 (4) of the Company´s Articles of Incorporation. This measure is based on the resolution of the Annual General Meeting of May 10, 2007. 7,518,699 new bearer no-par-value shares will be issued to the majority shareholder, UniCredit Bank AG with registered offices in Munich, excluding preemptive rights, at an issue price of EUR 3.16 per share under a new German WKN identification number. The issue price was fixed using the average of the closing prices of the shares of DAB bank AG in the XETRA trading system on the last five trading days prior to November 17, 2011. The new shares will participate in profits starting January 1, 2012. Following the Annual General Meeting of DAB bank AG on May 24, 2012, the shares under the new WKN number will transfer to the already existing WKN number 507230.

The exclusive admittance of UniCredit Bank AG as the majority shareholder to subscription and acceptance of the new shares makes it possible to perform the capital increase in a cost-effective and expedient manner. The capital increase will not significantly shift the currently existing shareholding ratios. UniCredit Bank AG´s holdings of DAB bank AG will increase from the current 77.48 percent to 79.53 percent upon issue of the new shares.

In total, the Company will receive cash funds in the gross amount of EUR 23,759,088.84. This capital increase serves to strengthen the Company´s equity ratio in the context of increased regulatory requirements and the current discussion regarding adequate capital resources for banks. The additional need for capital is primarily the result of the expansion of intangible assets (IT investments) as well as the planned increase in customer deposits in the context of the DAB one corporate program.

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