Statement by the Chairman of the Supervisory Board of HSH Nordbank

Hamburg/Kiel, April 16, 2009 -

At its meeting today, the Executive Committee was apprised of certain circumstances, a preliminary assessment of which makes further collaboration with Frank Roth as member of the Management Board unacceptable.

The Committee decided to take the steps that are necessary until the circumstances have been clarified.

Dr. Wolfgang Peiner

Chairman of the Supervisory Board

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