HSH Nordbank fills two key executive positions

Hamburg/Kiel, March 31, 2010 - HSH Nordbank has filled two key executive positions. Stefan Weinzierl (53) will be taking charge of the Credit Risk Management Business Unit, effective 1 April 2010.

Mr. Weinzierl was last employed by Dresdner Kleinwort, where he had been Global Head of Risk Management since 2006. Prior to this, in his long career at Dresdner Bank he held various international executive positions in the area of credit risk management. He is also able to contribute the wide international experience he acquired in Japan and London.

Dr. Hans-Jürgen Brasch (43) was appointed Head of the Audit Business Unit with effect from 15 March 2010. Brasch last worked as Executive Director, Head of Credit Modelling, Global Financial Markets, for Rabobank International in London. The mathematician with a doctoral degree has many years of wide-ranging experience in the areas of risk management, research and financial markets, acquired during his employ at various international banks. Stefan Brasch succeeds Hans-Joachim Gorsulowsky , who has taken early retirement.

With these two moves the Management Board is consistently implementing its plan to also fill key executive positions with experienced personnel from outside the Bank.

The information contained in this press release does not constitute an offer for the sale of any type of Hamburg Commercial Bank AG securities. Securities of Hamburg Commercial Bank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.

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