HSH Nordbank appoints Thomas Ignatzi as General Manager of its Hong Kong branch

Hamburg/Kiel, January 2, 2007 - HSH Nordbank has appointed Dr. Thomas Ignatzi (41) as Head of “Corporate Banking Asia” effective January 1, 2007. At the same time he will take over the position of General Manager of our Hong Kong branch. Dr. Ignatzi has many years of experience in the corporate customer business and headed the corresponding business unit in Hamburg over the past four years.

With its predecessor banks HSH Nordbank has been represented in Hong Kong since 1972. Today, a staff of around 50 is employed at the Hong Kong branch. In addition, the Bank operates further branches Shanghai and Singapore as well as a representative office in Hanoi. As a long-term business partner, HSH Nordbank assists in both the international business of its customers from northern Europe and also in the business involving specialized and structured financial market solutions for its customers in Asia. The focus here is on the shipping and aircraft industries as well as on trading in commodities. At the beginning of 2006, HSH Nordbank augmented its coverage of the Asian shipping market by setting up a new shipping unit in Hong Kong.

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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