Ad-hoc Disclosure

Adjustment of forecast for 2016

Frankfurt/Main, 21 September 2016

DVB Bank SE (DVB) has adjusted its forecast for the business performance in 2016:

The Bank no longer anticipates that it can achieve consolidated net income for the 2016 financial year that approaches net income of the previous year, as originally forecast. The current further escalation of the shipping markets crisis results in higher allowances for credit losses on exposures in Shipping Finance and Offshore Finance, as well as on a legacy exposure that does no longer belong to the Bank's core business. From today's perspective, aggregate loan loss provisioning will exceed the previous year's level. Hence, DVB now expects a consolidated net loss for 2016 that is predicted to be in a double-digit million euro range. Furthermore, DVB no longer anticipates being able to achieve the financial management indicators

- return on equity (before taxes), cost/income ratio, and Economic Value Added - as forecast for the 2016 financial year. However, DVB's tier one and total capital ratios in accordance with the CRR will remain adequate.

Contact for this ad-hoc disclosure:

Elisabeth Winter

Head of Group Corporate Communications Managing Director

Phone: +49 69 9750 4329

E-mail: elisabeth.winter@dvbbank.com

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DVB Bank SE published this content on 21 September 2016 and is solely responsible for the information contained herein.
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