EANS-News: DVB Bank SE / DVB completes its sale of a 60% shareholding in TES Holdings Ltd

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Joint Ventures/Cooperation/Collaboration

Frankfurt am Main (euro adhoc) - DVB Bank SE ("DVB"), the
Frankfurt-based bank that specialises in transport finance, today
announced the completion of its sale of a 60% shareholding in TES
Holdings Ltd ("TES" or the "Company") to two new shareholders,
Mitsubishi Corporation, Tokyo, Japan ("MC") and the Development Bank
of Japan Inc. Tokyo, Japan ("DBJ"). MC and DBJ have acquired a 35%
stake and a 25% stake respectively, in TES. DVB remains the largest
stakeholder with 40% of shares.

TES Aviation Group is active in several mainstream aircraft engine
types and is headquartered in Bridgend, Wales, UK with regional
franchise operations in both Asia and the US. The Company leverages
its unique position by the effective use of a large pool of
intellectual property derived from the management of a 600+ engine
portfolio, to intelligently price, buy and manage assets in the
market place, with the over-riding objective of managing risk and
driving down the cost of engine ownership for its client base.

DVB first purchased a majority shareholding in TES in 2007. Since
DVB's investment, the Company's turnover has grown from US$20 million
to US$100 million in 2011. Following the conclusion of a strategic
review of TES, DVB decided to seek new partners to help support
taking TES to the next stage of the Company's development under the
continued leadership of its Chief Executive Officer and founder
Ashley Cooper.

The new equity partners will sit along-side DVB and are fully aligned
to the Company's existing strategy of increasing the number of
platform clients, building its aero-engine stub-lease and parts
portfolio, and support the growth of the existing US and Asian
franchise operations.

Grant Thornton advised DVB on this transaction. Legal advice to DVB
was provided by Geldards LLP and MC and DBJ were advised by Eversheds
and Norton Rose respectively.

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

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 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). www.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
--------------------------------------------------------------------------------

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