DZ BANK successfully completes capital increase

Issue raises around EUR 1.5 billion as planned / capital increase oversubscribed

DZ BANK AG has successfully placed its capital increase. Within the subscription period ending on 4 July shareholders subscribed for all of the 186.9 million new shares with a total volume of EUR 1.477 billion at a subscription price of EUR 7.90 per share. Demand for the new shares exceeded the volume offered.

Wolfgang Kirsch, CEO of DZ BANK AG, said: “We thank our shareholders for this support and for the confidence placed in us. The successful capital increase reflects the high level of cohesion within our cooperative organisation and confirms our strategic orientation. This capital increase from among the ranks of our owners helps us improve our capital adequacy from our own resources and increases our buffer for further regulatory requirements to an appropriate level.”

As at 31 December 2013 after the first step towards the implementation of Basel III and CRR, DZ BANK’s core Tier 1 capital ratio was 8.9 per cent. Including the capital increase the
core Tier 1 capital ratio will be above 10 per cent.

The new shares pay full dividends with retroactive effect to 1 January 2014.