Michaela Fischer-Zernin leaving HSH Nordbank

Hamburg/Kiel, October 30, 2009 - Michaela Fischer-Zernin, Head of Corporate Communications and of Corporate Office & Marketing, is leaving HSH Nordbank at her own request in order to pursue other career challenges.

The Management Board very much regrets this decision and would like to thank Ms. Fischer-Zernin for her outstanding achievements over the past eight years as well as wishing her all the best for the future.

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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