HSH Nordbank successfully places benchmark public-sector Pfandbrief

Volume of EUR 500 million substantially oversubscribed
Strong demand from institutional investors and savings banks

Hamburg/Kiel, March 6, 2013 - HSH Nordbank today issued a benchmark public-sector Pfandbrief with a volume of EUR 500 million and a three-year term.

The Bank has thus successfully placed its first benchmark this year. The Pfandbrief coupon is 0.625 percent. The issue price was set at 99.842 percent, which equates to a re-offer spread of 11 basis points above the mid-market swap rate.

The issue met with great demand, particularly from institutional investors inside and out-side Germany as well as from savings banks. The order book was closed at mid-day at more than EUR 700 million.

HSH Nordbank placed the public-sector covered bond as joint lead manager in a syndicate comprising Commerzbank, DZ Bank, The Royal Bank of Scotland and Société Générale.

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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