EANS-News: A breakthrough in Aircraft Financing in China: DVB finances ICBC´s leasing portfolio of eight aircraft

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Joint Ventures/Cooperation/Collaboration

Frankfurt am Main (euro adhoc) - DVB Bank and ICBC Financial Leasing
(ICBCFL), a wholly-owned subsidiary of Industrial and Commercial Bank
of China (ICBC), are pleased to announce the successful closing of a
five-year USD162.8m term loan facility.

In September 2010, DVB - through its Singapore-based subsidiary DVB
Group Merchant Bank (Asia) Ltd. - arranged and underwrote the
portfolio financing of eight aircraft on operating leases to four
international and Chinese airline lessees. The portfolio comprises of
a mix of new generation narrow-body aircraft from both Boeing and
Airbus.

This five-year term loan facility is the first financing by a third
party international bank of any of ICBC´s leasing portfolio and
represents a milestone in furthering the co-operation between DVB and
ICBCFL.

Bertrand Grabowski, Member of the Board of Managing Directors of DVB
Bank, said: "This successful financing underscores DVB´s focus in
participating in the fast growing Chinese aviation industry, and how
the unique DVB aviation platform can be deployed to serve our
customers throughout the aviation business cycle."

Johnny Lau, Managing Director of Aviation Finance for ICBCFL, said:
"ICBC Leasing commits to best serve our clients and provide
attractive lease solutions globally. We are very pleased to have DVB
as the very first important partner for our fast-growing business,
particularly with regard to the international market place. There
will be lots of opportunities to work together."

DVB, with its Asian headquarters based in Singapore, leverages
Singapore's position as a leading aviation hub to drive business
growth in the region. ICBC Leasing was established in 2007, with
increased capital of RMB 5 billion and 56 aircraft managed/owned as
at October 2010. IATA recently upgraded its profit forecast for the
airline industry in 2010 to a net profit of USD8.9 billion from
USD2.5 billion. This figure, a sharp turnaround from the USD9.9
billion loss suffered by the industry in 2009, is led by the
Asia-Pacific region. In particular, thus far in 2010 China has
registered a healthy 18% increase in air traffic levels over the
previous year.

More information about DVB Aviation Finance:
http://www.dvbbank.com/en/solutions/aviation/index.html
More information about ICBC Leasing: http://www.icbcleasing.com

Note to Editors: ICBC Financial Leasing is a wholly-owned subsidiary
of Industrial and Commercial Bank of China, and the first in the
financial industry to have attained CBRC authorisation to operate as
a bank-backed leasing institution in China. ICBC Leasing focuses on
three business lines - aviation, shipping and large-ticket equipment.
ICBC Leasing has been a pioneer and market leader in the financial
leasing industry since its inception in November 2007. Via strong
cooperation with its business partners, ICBC Leasing forges ahead
with a global vision, building on a market-oriented culture, and
offering innovative, tailor-made solutions and professional services,
maintaining leadership in the domestic market as well as being a
world class international financial leasing company.

DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading
specialist in the international Transport Finance business. The Bank
offers integrated financing solutions and advisory services in
respect of Shipping Finance, Aviation Finance, and Land Transport
Finance. 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:

Contact for general inquiries:

Prof. Dr. Borislav Bjelicic

Senior Vice President

Group Corporate Communications

DVB Bank SE

Platz der Republik 6

60325 Frankfurt / Main

Germany

Phone: +49 (0) 69 9750 4390

Mobile: +49 (0) 172 691 7342

Office Fax: +49 (0) 69 9750 4333

borislav.bjelicic@dvbbank.com

www.dvbbank.com

Dorothy Wei

Aviation Finance

ICBC Leasing

10/F, Bank of Beijing Building, 17(C) Jinrong Street, Xicheng District,

Beijing, 100140,

China

Phone: +86-10-66105852

Fax: +86-10-66105999-2

Mobile: +86-13811952705

weidongdi@icbcleasing.com

www.icbcleasing.com

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