HSH Nordbank refinances Newcastle Airport

HSH Nordbank closes second European airport finance deal within four weeks

Hamburg/Kiel, November 26, 2012 - HSH Nordbank is acting as one of the mandated lead arranger to provide Newcastle Airport with approximately EUR 62 million to refinance existing bank liabilities.

Ahead of this HSH Nordbank supported the airport's financial consultants, the Royal Bank of Canada and KPMG, with structuring the refinancing of existing bank loans. This already took the change of the private shareholder into consideration. The amount to be financed comes to approximately EUR 272 million and is to be provided by a total of five international banks. A key element of this transaction was the injection of additional equity by the shareholders amounting to EUR 161 million. The term of the new loans is five years.

"By structuring and providing the finance we have again strengthened our leading position in European airport financing. Furthermore, the much better risk structure through the injection of additional equity significantly enhances the quality our loan portfolio," said Dr. Marcus Kleiner, Head of Origination Infrastructure & Rail at HSH Nordbank.

The international airport in Newcastle, in the North-East of England, is the seventh-largest airports in the United Kingdom in terms of passenger volume. Apart from providing a direct link to the hub London Heathrow, the airport directly serves a large number of destinations in Europe, thereby providing the North-East region with an essential transport infrastructure.

This represents the second major finance transaction for a European airport – within four weeks. As Mandated Lead Arranger, HSH Nordbank provided Bristol Airport with approximately EUR 69 million as part of a refinancing. The total financing package with a term of five years amounted to EUR 346 million. Four more banks participated in the transaction. Bristol Airport, the ninth largest international airport in the United Kingdom, is located in the south-west of England.

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.