EANS-News: DVB Bank SE / Deucalion Fund has taken delivery of the first of three A330-300 aircraft acquired from Penerbangan Malaysian Berhad

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Company Information

Frankfurt am Main (euro adhoc) - DVB Bank SE ("DVB"), the
Frankfurt-based bank which specialises in transport finance, today
announces the delivery of the first A330-300 aircraft out of three
acquired from Penerbangan Malaysian Berhad ("PMB") by Deucalion
Capital II Limited / A330 Parts Ltd, which is one of the aviation
investment funds advised by DVB.

The aircraft (MSN 073, 1995 vintage), equipped with two 100-inch
PW4168 engines, has been delivered in Tupelo, Mississippi, with the
ferry flight performed by Malaysia Airlines. The aircraft and engines
are being consigned by Deucalion Capital II Ltd / A330 Parts Ltd to
Universal Asset Management ("UAM") and Total Engine Support ("TES").
This is one of the first PW powered A330-300s to be disassembled for
spare parts.

Deucalion Capital II Ltd / A330 Parts Ltd has contracted to acquire
two more 1995 vintage A330-300 aircraft (MSNs 069 and 100), each also
equipped with two 100-inch PW4168 engines from PMB over the next
several months. All three A330 aircraft had been on long term lease
to Malaysia Airlines.

Deucalion Aviation Funds are actively managed closed-end funds
advised by DVB which act as the investment vehicles through which DVB
and third party investors invest in aviation equity investments.

For further information, please contact:

Stephan Sayre, Managing Director, DVB Bank SE, Aviation Investment
Management Phone +44 20 7256 4344, Fax +442072564593
stephan.sayre@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. DVB is present at key international
financial centres and transport hubs: at its Frankfurt/Main head
office, as well as various European locations (Athens, Bergen,
Hamburg, London, Oslo, Rotterdam and Zurich), plus offices in the
Americas (New York City and Curaçao) and in Asia (Singapore and
Tokyo). DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN:
DE0008045501).

Further inquiry note:
Prof. Dr. Borislav Bjelicic
DVB Bank SE, Group Corporate Communications
Platz der Republik 6, 60325 Frankfurt/Main, Germany
Phone +49 69 9750 4390, Fax (0 69) 9750 4333
borislav.bjelicic@dvbbank.com, www.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