Management Board member Roth recalled
Supervisory Board issues extraordinary notice of dismissal
Hamburg/Kiel, April 27, 2009 - Frank Roth has been relieved of his duties as a member of the Management Board of HSH Nordbank with immediate effect.
This was the decision taken by the Supervisory Board at its meeting today during which it declared an extraordinary termination of his contract of service. Furthermore, the Supervisory Board authorized its Chairman, Dr. Wolfgang Peiner, to lay criminal charges against Frank Roth.
This decision is HSH Nordbank’s reaction to the sufficient initial suspicion that Frank Roth made strictly confidential internal strategy documents available to third parties. Such unauthorized disclosure of business secrets is punishable under Article 404 of the German Stock Corporation Act.
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.