AGM of HRE Holding AG elects new Supervisory Board

The following persons have been elected onto the Supervisory Board: Dagmar P. Kollmann, Dr. Hedda Wedel, Dr. Günther Bräunig, Dr. Alexander Groß, Dr. Albert Peters and Dr. Bernd Thiemann. In the constituent meeting of the Supervisory Board, Dr. Bernd Thiemann was elected as chairman of the Supervisory Board by the members.

The former members of the Supervisory Board Dr. Michael Endres, Bernd Knobloch, Siegmar Mosdorf, Hans-Jörg Vetter, Dr. Bernhard Walter and Manfred Zaß did not stand for re-election.

The CEO of HRE Holding AG, Axel Wieandt, said: “On behalf of the Management Board and employees of HRE, I should like to express my thanks for the good cooperation which has taken place in a spirit of trust with the Supervisory Board. Also I would like to thank you for having made yourselves available in the crisis which threatened the very existence of HRE. I am also very pleased that we have been able to win such renowned and experienced persons for the new Supervisory Board.”

Resolutions adopted for carrying out special audits

The annual general meeting also approved a special audit in accordance with the German Stock Corporation Act as proposed by the Supervisory Board. The audit will focus on the circumstances in connection with the acquisition of the Irish DEPFA BANK plc and the liquidity management of HRE Holding AG. Two further submissions for a special audit regarding the acquisition of shares in the Irish DEPFA BANK plc, alleged accounts manipulation and misrepresentation of the net assets, financial position and results of operations of HRE were also approved. The annual general meeting decided that all special audits are to be carried out uniformly by the same auditor. A further shareholder submission for a special audit regarding the issue amount of new shares on the occasion of the capital increases resolved in March and June 2009 and the exclusion of shareholders’ subscription rights was rejected.

The ratification of the actions of the members of the Management Board who have left the Management Board and of the members of the Supervisory Board who left the Supervisory Board prior to today´s AGM (excluding Dr. Edgar Meister, who recently departed the Supervisory Board) for the financial year 2008 was postponed. Ratification of the actions of the current members of the Management Board and the current members of the Supervisory Board (including Dr. Edgar Meister), who were already in office in 2008, was granted with a large majority for the financial year 2008.

Annual general meeting attended by 1,750 shareholders

In total, around 1,750 shareholders attended the Company’s annual general meeting. Around 95% of the Company’s share capital was present at the time of voting.