HSH Nordbank to press criminal charges against Management Board member Frank Roth

Hamburg/Kiel, April 17, 2009 - HSH Nordbank will press criminal charges against Frank Roth, member of HSH Nordbank’s Management Board.

The complaint of an offense, which is currently being prepared, will be submitted to the Kiel public prosecutor’s office today.

There is – based on the information available to the Bank – ample initial suspicion that Frank Roth provided third parties with strictly confidential, internal strategy documents of HSH Nordbank. Such unauthorized disclosure of business secrets is punishable under Article 404 of the German Stock Corporation Act.

Breaches of the duty to observe secrecy are pursued only upon application of the affected entity. The Executive Committee has decided to make use of the right to file such an application and put criminal prosecution in the hands of the responsible authorities.

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.