DVB Bank establishes Shipping Asset Management - headed by Keith McRae

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banks

Frankfurt am Main (euro adhoc) - DVB Bank SE, the Frankfurt based
bank which specialises in transport finance, today announces that
Keith McRae has recently joined DVB in London as the head of its new
Shipping Asset Management arm. Keith moves from Bank of Scotland
where he previously handled a number of large and higher leverage
transactions. He was previously employed with DVB from 2001 to 2006.

Shipping Asset Management is a service developed by DVB to meet the
needs of the banking and financial investor community in relation to
credit challenges being faced in the current asset backed shipping
market. The unit is targeted at assisting such institutions in
providing them with access to a wide range of restructuring and
recovery techniques, and to assist in managing such situations to
best effect. The service provides a confidential and comprehensive
service in reaching solutions to any difficulties experienced, with
the aim of achieving the best financial outcome possible given the
circumstances of each particular case. Using the services will
significantly reduce the risk of failure, and increase the prospects
for achieving a satisfactory result.

Dagfinn Lunde, Member of the Board of Managing Directors of DVB Bank
SE, and responsible for Shipping, said: "I am pleased to announce the
formation of the Shipping Asset Management team. This team is aimed
at providing a one-stop shop for the banking and financial investor
community and at providing them access to DVB´s range of solutions to
any challenging scenario. This service is complimentary to our own
lending business and we see this as a key way in which we can offer a
confidential service to other banks and financial investors in
vessels, at a time when the financial world generally is undergoing a
period of tremendous change."

Keith is joined in the team by a number of key individuals including
Patrick Forinton whose commercial trading, chartering, and FFA
experience provide a solid platform to work on commercial issues. The
team is further enhanced by Kevin Bourque, DVB´s In-house Shipping
Counsel, who will work with Keith and Patrick to provide the core,
banking, commercial and legal services offered by the team.

Contact for this press release: Keith McRae, DVB Bank SE, Phone
+44(0) 20 7618 9751, Keith.McRae@dvbbank.com

More information about Shipping Asset Management: http://www.dvbbank.
com/en/solutions/shipping/shipping_asset_management/index.html

Note to Editors: DVB Bank SE, based in Frankfurt/Main, is the leading
specialist in international transport finance. DVB offers integrated
financing solutions and advisory services in respect of Shipping,
Aviation, and Land Transport. The Bank operates out of offices in
Frankfurt/Main, Hamburg, London, Cardiff, Rotterdam, Bergen/Oslo,
Piraeus, Zurich, Singapore, Tokyo, New York and Curaçao. DVB Bank SE
is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501).

end of announcement euro adhoc
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ots Originaltext: DVB Bank SE
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Prof. Dr. Borislav Bjelicic

Corporate Communications

Tel.: +49 (0)69 9750 4390

E-Mail: borislav.bjelicic@dvbbank.com

Branche: Banking
ISIN: DE0008045501
WKN: 804550
Börsen: Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Frankfurt / regulated dealing/general standard