HSH Nordbank successfully places promissory note for Oiltanking Finance B.V.

• Placement volume of EUR 245 million

• Original volume more than three times oversubscribed

• Pricing at the lower end of the subscription range

Hamburg/Kiel, February 20, 2012 - HSH Nordbank AG successfully completed a promissory note transaction end of last week.

As joint lead arranger it placed a promissory note (German Schuldschein) for Oiltanking Finance B.V., Amsterdam, in a maturity band of three to ten years with a total volume of EUR 245 million. Thanks to the strong demand the volume was significantly increased, from the original EUR 75 million to EUR 245 million. The promissory note was placed with a wide circle of institutional investors in and outside Germany. The syndicate was particularly successful in generating high demand among savings banks and insurance companies. Pricing was at the lower end of the subscription range.

“The success of this placement confirms HSH Nordbank’s expertise in arranging and placing customised funding solutions for our medium-sized clients,” said Torsten Temp, HSH Nordbank’s Management Board member responsible for corporate and private clients.

The promissory note for Oiltanking Finance B.V., Amsterdam, is guaranteed by Oiltanking GmbH, Hamburg, which belongs to Hamburg’s Marquard & Bahls Group.

HSH Nordbank offers higher-end medium-sized corporate clients a range of products and services for all types of lending tailored to their specific needs. A further focus comprises capital market-related products, including assistance in arranging promissory note issues as in the case of Oiltanking Finance B.V.

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