Jochen Friedrich new member of the Management Board of HSH Nordbank responsible for the capital markets

Hamburg/Kiel, February 9, 2007 - Jochen Friedrich (43) is to join the Management Board of HSH Nordbank AG. In this capacity he will be responsible for the Bank’s capital-market activities.

“I am pleased that we were able to fill this position quickly with a proven capital-market expert,” said Hans Berger, Chairman of the Management Board of HSH Nordbank AG.

Friedrich has been Head of Fixed Income at DZ Bank AG in Frankfurt since 2002, where his tasks included responsibility for the debt capital management and sales for corporate clients, VR banks (Volksbanken Raiffeisenbanken) and institutional clients. His areas of responsibility also covered interest-rate, exchange rates and loans as well as derivatives, structured products and securitizations. The father of two daughters completed his international degree at the European Business School in Schloß Reichartshausen before embarking on a trainee program with J.P. Morgan. Following stints in Frankfurt, New York and London as Relationship Manager Corporate Finance/Global Markets, he was Head of Global Markets Germany at J.P. Morgan in Frankfurt from 1998 to 2001. In 2001, he moved to A&A Actienbank AG in Frankfurt as spokesman for the Management Board.

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 networth 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.

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