DGAP-Adhoc: Deutsche Pfandbriefbank AG: pbb withdraws its dividend proposal for the 2019 financial year, following ECB recommendation

DGAP-Ad-hoc: Deutsche Pfandbriefbank AG / Key word(s): Dividend
Deutsche Pfandbriefbank AG: pbb withdraws its dividend proposal for the 2019 financial year, following ECB recommendation

03-Apr-2020 / 16:51 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The Management and Supervisory Boards of Deutsche Pfandbriefbank AG (pbb) have resolved today to withdraw the dividend proposal for the 2019 financial year, published on 4 March 2020, of €0.90 per no-par value share entitled to dividends. pbb thus complies with a recommendation issued by the ECB to all banks included in the SSM to refrain from paying out dividends for the 2019 financial year, or to refrain from doing so prior to 1 October 2020. In this way, pbb accounts for the particular challenges arising from the COVID-19 pandemic, contributing to related stabilisation efforts.

The Management and Supervisory Boards reserve the right to use the option - permitted by the ECB - to re-assess the market situation after 1 October 2020, and to submit a new dividend proposal to the General Meeting if the impact of the COVID-19 pandemic provides for greater certainty in decision-making.

pbb maintains its dividend policy published at the beginning of March 2020. Given the extraordinary situation of the world economy, this policy is subject to ongoing review.



Contact:
Walter Allwicher
Managing Director, Communications
+49 (0) 89 2880 28 787

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Language: English Company: Deutsche Pfandbriefbank AG Parkring 28 85748 Garching Germany Phone: +49 (0) 89 2880 28 201 Fax: +49 (0) 89 2880 22 28 201 E-mail: info@pfandbriefbank.com Internet: http://www.pfandbriefbank.com ISIN: DE0008019001, Die internationalen Wertpapierkennnummern (ISIN) weiterer von der Deutsche Pfandbriefbank AG ausgegebener Finanzinstrumente sind abrufbar auf der Website der Deutsche Pfandbriefbank AG unter https://www.pfandbriefbank.com/investoren/pflichtveroeffentlichungen/ad-hoc-mitteilungen/liste-weiterer-finanzinstrumente.html. The International Securities Identification Numbers (ISINs) of further, financial instruments issued by Deutsche Pfandbriefbank AG are available on Deutsche Pfandbriefbank's Investor Relations website under https://www.pfandbriefbank.com/en/investors/mandatory-publications/ad-hoc-announcements/list-of-further-financial-instruments.html WKN: 801900 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; London, Dublin, Mailand, Paris, Luxembourg Stock Exchange, SIX EQS News ID: 1015119
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1015119  03-Apr-2020 CET/CEST