HSH Nordbank arranges two important Syndication Transactions in Greece

Hamburg/Kiel/Athen, March 7, 2008 - With an overall volume of USD 554 million US-Dollar, based on two Syndication Transactions, HSH Nordbank strengthens its position in the Greek shipping market. Both deals have been arranged and closed this year.

As Bookrunner and Lead Arranger, HSH Nordbank has arranged and structured a USD 350 million revolving credit facility for NASDAQ listed Capital Product Partners LP for the acquisition of several tankers. A group of four other banks was involved.

The second syndication transaction is a USD 204 million loan facility for the financing of seven bulker newbuildings for clients of Primera Maritime (Hellas) Ltd, Athens. Apart from HSH Nordbank as Lead Arranger, two other banks are participating in this Club Deal.

HSH Nordbank AG is the world’s largest provider of ship finance. Since the opening of its Representative Office in Greece in summer 2007, HSH Nordbank extended its shipping business in Greece significantly. With a share of 11 percent of the bank’s shipping portfolio, Greece is the most important foreign market for HSH Nordbank’s shipping business.

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.