DGAP-Stimmrechtsanteile: Deutsche Pfandbriefbank (pbb)

DGAP-PVR: Deutsche Pfandbriefbank AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Deutsche Pfandbriefbank AG

28.12.2015 16:04

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

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: UBS Group AG Zürich Switzerland

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- 3,79 % 0,96 % 4,75 % 134475308 ing situat- ion Previo- 3,79 % 1,54 % 5,33 % / 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 5100167 0 % 3,79 % Total 5100167 3,79 %

b.1. Instruments according to Sec. 25 Abs. 1 Nr. 1 WpHG

Type of instrument Expirati- Exercise Voting Votin- on or or rights g maturity conversio- absolut- right- date n period e s in % Right to recall lent shares / at any 97800 0,07 Recht zum Rückruf ausgeliehener time / % Aktien jederzeit Right to substitute shares at any 1187429 0,88 delivered as collaterals / Recht time / % zum Austausch als Sicherheit jederzeit gelieferter Aktien Total 1285229 0,96 %

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) UBS Group AG % % % UBS AG % % % UBS Asset % % % Management France SA --- % % % UBS Group AG % % % UBS AG % % % UBS Asset % % % Management Holding (No. 2) Ltd UBS Asset % % % Management Holding Ltd UBS Asset % % % Management (UK) Limited --- % % % UBS Group AG % % % UBS AG % % % UBS Americas % % % Inc. UBS Asset % % % Management (Americas) Inc. UBS Asset % % % Management Trust Company --- % % % UBS Group AG % % % UBS AG % % % UBS Bank % % % (Canada) --- % % % UBS Group AG % % % UBS AG % % % UBS Fund % % % Management (Luxembourg) S.A. --- % % % UBS Group AG % % % UBS AG % % % UBS Fund % % % Management (Switzerland) AG --- % % % UBS Group AG % % % UBS AG % % % UBS % % % Switzerland AG --- % % % UBS Group AG % % % UBS AG % % % UBS Third % % % Party Management Company S.A.

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 ---------------------------------------------------------------------------