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March 28, 2007

Postbank takes a participating interest in the internet-based financial services provider Hypoport AG

Deutsche Postbank AG will participate in Hypoport AG, Berlin, with a 9.5 percent (600,000 shares) stake. The share purchase agreement was signed on March 26, 2007.

With the B2B financial marketplace EUROPACE, Hypoport operates the largest German online transaction platform for concluding financing products. A completely integrated system networks more than 30 banks with several thousand financial advisors, thus enabling the quick and direct conclusion of property financing and instalment loans.

Postbank is among the most important partners of the EUROPACE marketplace and, with its DSL Bank brand, conducts more than 75% of its property financing and instalment loans business with sales partners through EUROPACE. Before a possible initial public offering of Hypoport AG, Postbank thus bolsters its close business relationship through this participation. The final purchase price is keyed to the future stock exchange price. A price of EUR 10 per share has been agreed on as a prepayment.

With this qualified minority stake, Postbank underscores its high degree of interest in Hypoport’s model for success while ensuring that the independence important to Hypoport’s business model is maintained. The majority of the shares will continue to be controlled by both of the co-CEOs, Prof. Thomas Kretschmar and Ronald Slabke.

Dieter Pfeiffenberger, responsible for the DSL Bank at Postbank as division manager for third-party sales, commented: “With this participation, we can further consolidate our cooperation with our roughly 5,000 active sales partners on a technically more secure basis and continue to expand our leading market position as well.”

Prof. Thomas Kretschmar, Co-Chief Executive Officer of Hypoport AG: “Postbank is one of the most important partners of our EUROPACE marketplace. We are pleased about this participation and view it as a reaffirmation of our successful business model.”

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Please send your questions concerning the press to presse@postbank.de .
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