Benchmark mortgage pfandbrief of HSH Nordbank successfully placed

EUR 500 million issue almost three times oversubscribed

Strong demand from institutional investors

Hamburg/Kiel, March 29, 2012 - HSH Nordbank today placed a benchmark mortgage pfandbrief in the amount of EUR 500 million and a term of 5 years.

The coupon is 1,875 percent. The issue price was set at 99,891 percent, which equates to a re-offer spread of 33 basis points above the mid-market swap rate.

The issue met with very strong demand from institutional investors inside and outside Germany. HSH Nordbank closed its book, by then almost three times oversubscribed, after less than an hour.

HSH Nordbank issued the mortgage pfandbrief as joint lead together with Commerzbank, DZ Bank, the Royal Bank of Scotland and UniCredit.

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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