DGAP-PVR: Deutsche Pfandbriefbank AG: Release according to

Deutsche Pfandbriefbank AG 28.12.2015 15:26 Dissemination of a Voting Rights Announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Notification of Major Holdings 1. Details of issuer Deutsche Pfandbriefbank AG Freisinger Strasse 5 85716 Unterschleissheim Germany 2. Reason for notification X Acquisition/disposal of shares with voting rights X Acquisition/disposal of instruments Change of breakdown of voting rights Other reason: 3. Details of person subject to the notification obligation Name: City and country of registered office: Morgan Stanley Wilmington, Delaware United States of America (USA) 4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached 18.12.2015 6. Total positions % of voting % of voting rights total of total number rights attached through instruments both in % of voting to shares (total (total of 7.b.1 + (7.a. + rights of of 7.a.) 7.b.2) 7.b.) issuer Result- 3.47 % 7.03 % 10.50 % 134475308 ing situat- ion Previo- 7.44 % 3.05 % 10.48 % / us notifi- cation 7. Notified details of the resulting situation a. Voting rights attached to shares (Sec.s 21, 22 WpHG) ISIN absolute in % direct (Sec. indirect (Sec. direct (Sec. indirect 21 WpHG) 22 WpHG) 21 WpHG) (Sec. 22 WpHG) DE0008019001 0 4668392 0 % 3.47 % Total 4668392 3,47 % b.1. Instruments according to Sec. 25 Abs. 1 Nr. 1 WpHG Type of instrument Expiratio- Exercise Voting Voting n or or rights rights maturity conversio- absolut- in % date n period e Right of recall over securities at any at any 9454339 7.03 % lending agreements / time / time / Rückübertragungsansprüche aus jederzeit jederzeit Wertpapierdarlehen Total 9454339 7.03 % b.2. Instruments according to Sec. 25 Abs. 1 Nr. 2 WpHG Type of Expiration Exercise or Cash or Voting Voting instrume- or maturity conversion physical rights rights nt date period settlement absolute in % % Total % 8. Information in relation to the person subject to the notification obligation Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.). X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity: Name % of voting % of voting rights Total of both rights (if at through instruments (if (if at least least held 3% or at least held 5% or held 5% or more) more) more) Morgan Stanley % % % Morgan Stanley % % % Capital Management, LLC Morgan Stanley % % % Domestic Holdings, Inc. Morgan Stanley % % % & Co. LLC --- % % % Morgan Stanley % % % MSDW Offshore % % % Equity Services Inc. Fundlogic SAS % % % --- % % % Morgan Stanley % % % Morgan Stanley % % % International Holdings Inc. Morgan Stanley % % % International Limited Morgan Stanley % % % UK Group Morgan Stanley % % % Investments (UK) Morgan Stanley % 7.03 % 7.94 % & Co. International plc 9. In case of proxy voting according to § 22 Abs. 3 WpHG Date of general meeting: Holding position after general meeting: % (equals voting rights) 28.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Deutsche Pfandbriefbank AG Freisinger Strasse 5 85716 Unterschleissheim Germany Internet: http://www.pfandbriefbank.com End of Announcement DGAP News-Service ---------------------------------------------------------------------------