DGAP-PVR: Deutsche Pfandbriefbank AG: Release according to

Deutsche Pfandbriefbank AG 17.10.2016 15:27 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: Mr David Einhorn 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 07 Oct 2016 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- 2.89 % 2.25 % 5.15 % 134475308 ing situat- ion Previo- n/a % n/a % n/a % / 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 3890000 0 % 2.89 % Total 3890000 2.89 % b.1. Instruments according to Sec. 25 para. 1 No. 1 WpHG Type of Expiration or Exercise or Voting Voting instrument maturity date conversion rights rights in period absolute % % Total % b.2. Instruments according to Sec. 25 para. 1 No. 2 WpHG Type of Expiration Exercise or Cash or Voting Voting instrume- or maturity conversion physical rights rights nt date period settlement absolute in % Swaps as from daily until Cash 3030000 2.25 % 19.06.2017 maturity Total 3030000 2.25 % 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 at least least held 3% (if at least held 5% held 5% or or more) or more) more) David Einhorn n/a % n/a % n/a % Greenlight n/a % n/a % n/a % Capital Inc. Greenlight n/a % n/a % n/a % Capital Offshore Partners David Einhorn n/a % n/a % n/a % Greenlight n/a % n/a % n/a % Capital Inc. Greenlight n/a % n/a % n/a % Capital LP David Einhorn n/a % n/a % n/a % Greenlight n/a % n/a % n/a % Capital Inc. Greenlight n/a % n/a % n/a % Capital Qualified LP David Einhorn n/a % n/a % n/a % Greenlight n/a % n/a % n/a % Capital Inc. DME Management n/a % n/a % n/a % GP LLC Greenlight n/a % n/a % n/a % Capital (Gold) LP David Einhorn n/a % n/a % n/a % Greenlight n/a % n/a % n/a % Capital Inc. DME Capital n/a % n/a % n/a % Management LP Greenlight n/a % n/a % n/a % Capital (Gold) LP David Einhorn n/a % n/a % n/a % Greenlight n/a % n/a % n/a % Capital Inc. DME Capital n/a % n/a % n/a % Management LP Greenlight n/a % n/a % n/a % Capital Offshore Master (Gold) Ltd. David Einhorn n/a % n/a % n/a % Greenlight n/a % n/a % n/a % Capital Inc. DME Advisors LP n/a % n/a % n/a % Greenlight n/a % n/a % n/a % Reinsurance Ltd. David Einhorn n/a % n/a % n/a % Greenlight n/a % n/a % n/a % Capital LLC Greenlight n/a % n/a % n/a % Capital LP David Einhorn n/a % n/a % n/a % Greenlight n/a % n/a % n/a % Capital LLC Greenlight n/a % n/a % n/a % Capital Qualified LP David Einhorn n/a % n/a % n/a % DME Management n/a % n/a % n/a % GP LLC Greenlight n/a % n/a % n/a % Capital (Gold) LP David Einhorn n/a % n/a % n/a % DME Advisors GP n/a % n/a % n/a % LLC DME Capital n/a % n/a % n/a % Management LP Greenlight n/a % n/a % n/a % Capital (Gold) LP David Einhorn n/a % n/a % n/a % DME Advisors GP n/a % n/a % n/a % LLC DME Capital n/a % n/a % n/a % Management LP Greenlight n/a % n/a % n/a % Capital Offshore Master (Gold) Ltd. David Einhorn n/a % n/a % n/a % DME Advisors GP n/a % n/a % n/a % LLC DME Advisors LP n/a % n/a % n/a % Greenlight n/a % n/a % n/a % Reinsurance Ltd. 9. In case of proxy voting according to Sec. 22 para. 3 WpHG Date of general meeting: Holding position after general meeting: % (equals voting rights) 10. Other explanatory remarks: 17.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at 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 ---------------------------------------------------------------------------