Dirk Jens Nonnenmacher new Chief Financial Officer of HSH Nordbank

Hamburg/Kiel, April 30, 2007 - Professor Dirk Jens Nonnenmacher (43) is to become Chief Financial Officer and member of the Management Board of HSH Nordbank AG. He will take up his office in the second half of the year.

“We are pleased to have such an internationally experienced financial expert join our Management Board team”, said Hans Berger, Chief Executive Officer of HSH Nordbank AG.

Dirk Jens Nonnenmacher has been Head of the Controlling unit at DZ Bank AG in Frankfurt since 2004. He is responsible for the risk controlling, the financial controlling and the strategic controlling. In addition he has been responsible for the Basle II-admission of DZ Bank. Between 1998 and 2003 he worked for Dresdner Bank in Frankfurt und London as Head of a Risk unit.

Before that, Nonnenmacher, a habilitated, internationally recognized mathematician with qualification as a university lecturer, did research and lectured at Universities in Germany and the United States. At the same time, he did consulting work for companies in the financial sector. Nonnenmacher is honorary professor at Ruprecht-Karls- University, Heidelberg.

HSH Nordbank AG is a strong regional bank in Northern Europe with total assets of ? 190 billion. Some 4,400 of the bank's employees provide corporate and high net-worth clients around the globe with premium bank products and services. In its core region of Hamburg and Schleswig-Holstein, it is the market leader in the corporate customer segment. HSH Nordbank is an acknowledged partner of the capital markets and international sector specialist. Its main focus is on transportation and real estate. In fact, HSH Nordbank is the world's largest provider of ship finance and covers the entire value chain in the transportation segment. In the area of real estate, HSH Nordbank is one of the strongest banks in Germany, acting as a provider of services relating to all aspects of real estate.

For more information please visit our website at www.hsh-nordbank.com.

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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