DGAP-Adhoc: Deutsche Post World Net supports Postbank strategic initiative


Deutsche Post AG / Miscellaneous

27.10.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Bonn, Oct. 27 2008: The Supervisory Board of Deutsche Post AG has approved
that Deutsche Post, as majority shareholder of Deutsche Postbank AG, will
participate with up to 100 percent in the bank’s planned capital increase.
The Group thus supports the strategic initiative presented today by
Postbank to further develop its successful strategy and a sustainable
improvement of earnings quality. Deutsche Post is fully  supportive of
Postbank’s business model and its growth prospects as one of Germany’s
leading retail banks.

Deutsche Post has committed to subscribe to the planned rights issue of
54.8 million shares at the subscription price according to its stake of 50
percent plus one share in Postbank. As far as the subscription price does
not exceed 18.25 euros, Deutsche Post has also committed to subscribe to
all shares that are not taken up by the market at the subscription price.
The maximum committment by Deutsche Post thus would not exceed 1 billion
euros, which it would finance out of the Group’s cash flow.

As a result of this measure, Deutsche Post’s stake in Postbank would
initially increase to a maximum of 62.52 percent. The September agreement
with Deutsche Bank AG, under which it will – upon antitrust and regulatory
approvals – acquire a 29.75 percent stake in Postbank from Deutsche Post in
the first quarter of 2009, remains in place.

The agreement foresees that Deutsche Bank will assume 29.75 percent of the
newly issued shares from Deutsche Post at the subscription price, whereas
the price for the old shares remains as agreed on. This also applies to the
call/put option agreement with Deutsche Bank, which otherwise remains
unchanged.



Contact:
Martin Ziegenbalg
EVP Investor Relations
Tel: 0228-182-63000


DGAP 27.10.2008 
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Language:     English
Issuer:       Deutsche Post AG
              Charles-de-Gaulle-Straße 20
              53113 Bonn
              Deutschland
Phone:        +49 (0)228 182 - 63 100
Fax:          +49 (0)228 182 - 63 199
E-mail:       ir@deutschepost.de
Internet:     www.dpwn.de
ISIN:         DE0005552004
WKN:          555200
Indices:      DAX
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard),
              Hannover, Düsseldorf, Hamburg, München, Stuttgart;
              Terminbörse EUREX
End of News                                     DGAP News-Service
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