Norddeutsche Landesbank Girozentrale, DE000NLB8KA9

Norddeutsche Landesbank Girozentrale, DE000NLB8KA9

03.12.2018 - 23:59:59

Norddeutsche Landesbank Girozentrale: Status of bidding process / Reduction of NPL Shipping Portfolio

Ad hoc announcement of inside information according to Art. 17 of Regulation (EU) No. 596/2014   Norddeutsche Landesbank Girozentrale: Status of bidding process / Reduction of NPL Shipping Portfolio Hannover, 3 December 2018: On 28 November 2018, Norddeutsche Landesbank Girozentrale, Hanover ("NORD/LB") received four offers for investor participations in NORD/LB in connection with a bidding process initiated at the end of September to evaluate NORD/LB's options to strengthen its capital basis. Following an initial analysis of the received bids, NORD/LB's holders (Träger) have decided today, 3 December 2018, to conduct follow-up discussions with such bidders concerning important framework conditions. Subsequently one or more bidders will be chosen to carry on further in-depth negotiations. In addition, other options will be discussed based on previous conversations. Due to the complexity and different strategic directions of the bids, a final decision in favour of one of the options may only be made at the beginning of next year in close cooperation with the supervisory authorities. In addition, NORD/LB continues to work on the thorough reduction of its NPL Ship Financing Portfolio. In this context, the progress regarding the reduction of this portfolio before the implementation of options to strengthen NORD/LB's capital basis may lead to a temporary decrease of capital ratios and a potential balance sheet loss. Norddeutsche Landesbank - Girozentrale - Friedrichswall 10 30159 Hannover Deutschland Eine vollständige Übersicht der Eigenemissionen der NORD/LB ist abrufbar auf der Website der NORD/LB - unter: https://www.nordlb.de/kapitalmarktportal/endgueltige-bedingungen/ Contact: Chief Compliance Officer Dr. Michael Lange Georgsplatz 1 30159 Hannover 0511 361 2228

03-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Norddeutsche Landesbank Girozentrale Friedrichswall 10 30159 Hannover

Germany Phone: +49 (0) 511 361-0 Fax: +49 (0) 511 361-2502 E-mail: info@nordlb.de Internet: www.nordlb.de ISIN: DE000NLB8KA9 WKN: NLB8KA Listed: Regulated Market in Frankfurt (General Standard), Hanover; Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart; London, Luxembourg Stock Exchange   End of Announcement DGAP News Service

754031  03-Dec-2018 CET/CEST

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