HSH Nordbank successfully places Schuldschein for HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH

Placement volume of EUR 550 million
Order book closed prematurely due to strong demand
Pricing at the lower end of the subscription range

Hamburg/Kiel, June 12, 2012 - HSH Nordbank has successfully completed a Schuldschein (promissory note) transaction for HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH, guaranteed by the Free and Hanseatic City of Hamburg.

As joint lead arranger, HSH Nordbank placed the Schuldschein with a maturity from three to ten years for a total volume of EUR 550 million. Due to the strong demand the amount was increased from the original EUR 500 million to EUR 550 million. The Schuldschein was placed with a wide circle of institutional investors. 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.

“With this deal we have once again underscored our expertise in arranging and placing Schuldschein transactions. We are increasingly finding that clients wish to extend and diversify their sources of funding. In this context Schuldschein transactions are of growing importance,” says Torsten Temp, the member of HSH Nordbank's Management Board responsible for corporate and private clients.

HSH Nordbank offers its clients a range of products and services for all types of lending tailored to their specific needs. Another main focus is on capital market-related products, which includes the arrangement of Schuldschein transactions.

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.

This press information can contain forward-looking statements. These statements are based on our beliefs and assumptions, on information currently available to us which we consider reliable. Forward-looking statements include all statements which are not historical facts, including information concerning future growth prospects and future economic developments.

Such forward-looking statements are based on assumptions relating to future events and are subject to uncertainties, risks and other factors, a large number we cannot influence. Thus actual events can differ considerably from the forward-looking statements made. We make no warranty for the correctness or completeness of these statements or the actual occurrence of the statements made. Furthermore, we assume no obligation for updating the forward-looking statements after this information has been published.