EANS-News: DVB Bank SE / DVB welcomes new shareholding partners in TES Holdings Ltd

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Company Information

Frankfurt am Main (euro adhoc) - DVB Bank SE ("DVB") has signed an
agreement with the Mitsubishi Corporation, Tokyo, Japan ("MC") and
the Development Bank of Japan Inc., Tokyo, Japan ("DBJ"), pursuant to
which MC and DBJ will acquire a 35.0% share and a 25.0% share
respectively in TES Holdings Ltd, Bridgend, United Kingdom, from DVB.
The agreement is subject to required anti-trust clearance.

TES Holdings Ltd ("TES" or "the Company") is the parent company of
the TES Aviation Group, a leading aircraft engine solutions provider.
The agreement reached with MC and DBJ follows an extensive strategic
review of the business by DVB, and the decision to seek new partners
to join DVB to support TES' next stage of development under the
continued leadership of its Chief Executive Officer Ashley Cooper. It
is expected that the addition of two such prestigious shareholders,
each with ambitious plans in the sector, will bring new business
dimensions and opportunities for TES, as each shareholder seeks to
leverage their own relationships and infrastructure for the benefit
of the Company.

Currently DVB indirectly holds 92.1% of the shares in TES Holdings
Ltd. At completion DVB will first acquire the remaining 7.9% of the
shares, then sell in aggregate 60.0% of the shares to MC and DBJ.
Post completion, DVB will remain the largest shareholder in TES
Holdings Ltd at 40.0%, with MC at 35.0% and DBJ at 25.0%.

DVB first purchased a majority shareholding in TES in 2007 and the
Company has subsequently grown from a turnover of US$20 million in
2007 to over US$100 million in 2011.

Note to Editors:

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 from 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). www.dvbbank.com

Contact for further information on this press release:

Stephan Sayre, Managing Director, DVB Bank SE, Aviation Investment
Management Telefon +44 20 7256 4344, stephan.sayre@dvbbank.com

David Goring-Thomas, Managing Director, DVB Bank SE, Aviation Finance
Phone +44 20 7256 4302, david.goring-thomas@dvbbank.com

Further inquiry note:
Elisabeth Winter
Investor Relations
Tel: +49 (0)69-97504-329
E-Mail: elisabeth.winter@dvbbank.com

end of announcement euro adhoc
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company: DVB Bank SE
Platz der Republik 6
D-60325 Frankfurt am Main
phone: +49 (0)69 9750-40
FAX: +49 (0)69 9750-4444
mail: info@dvbbank.com
WWW: http://www.dvbbank.com
sector: Banking
ISIN: DE0008045501
indexes:
stockmarkets: free trade: Düsseldorf, Stuttgart, regulated dealing/general
standard: Frankfurt
language: English