Eckehard Dettinger-Klemm (42) will join the Management Board of HSH Nordbank AG at the latest on April 1, 2006. The Supervisory Board of HSH Nordbank took this decision, upon recommendation of the Executive Committee, during its meeting yesterday. With Dettinger-Klemm’s decidedly international experience, HSH Nordbank will continue to resolutely pursue its successful path as an acknowledged partner of the capital markets and to underpin this position on a lasting basis. Dettinger-Klemm will succeed Franz S. Waas, Ph.D. as the officer responsible for the financial market divisions.

After completing his university degree at the London School of Economics, Dettinger-Klemm began his career at the London International Financial Futures Exchange (LIFFE) as an options analyst. Then, in 1989, he moved to J.P. Morgan in Frankfurt where he worked in various positions in the securities and derivatives business. In 1992, as head of “European OTC Bond Options", he took charge of setting up and commencing operation of Deutsche Bank’s European securities options trading, positioning the bank as one of the top 3 OTC trading houses within the space of two years. In 1997, he transferred to the HypoVereinsbank Group to take charge of the Interest Rate Derivatives & Government Bond Trading business, in which time he succeeded in establishing HVB as one of the 2 top players in underwriting German government securities.

With his appointment as Group Treasurer of the HVB Group in 2000, Dettinger-Klemm increasingly assumed a high-exposure management role. In May 2003, he was appointed to the management board of Hypo Real Estate Bank International in Dublin, charged with setting this subsidiary up as the officer responsible for the Treasury and Rates division.

Dettinger-Klemm was born in Stuttgart on June 29, 1963. He is married and has three children.

HSH Nordbank AG is a strong regional bank in Northern Europe. It has total assets of € 191 billion and employs roughly 4,500 staff around the world. It is the market leader in its core region of Hamburg and Schleswig-Holstein. As a global provider of specialist finance, its main focus is on transportation and real estate. In fact, HSH Nordbank is the world’s leading provider of ship finance and covers the entire value chain in the transportation segment. In the area of real estate, HSH Nordbank is one of the strongest banks in Germany, acting as a provider of services relating to all aspects of real estate. It is an acknowledged partner of the capital markets. For more information please visit our website at http://www.hsh-nordbank.de.