DVB Bank to strengthen its Board of Managing Directors

The appointment of Ralf Bedranowsky (54) will strengthen DVB Bank’s management team with effect from
1 July 2013 or an earlier date. The Bank’s Supervisory Board has passed the respective resolution.
Ralf Bedranowsky joins from Deutsche Bank, where he has been responsible as Global Head of DB Shipping,
for Deutsche Bank’s global shipping finance activities since 1 October 2007. Initially, Ralf Bedranowsky will
assume responsibility for risk management on DVB’s Board of Managing Directors. Following the retirement of
Dagfinn Lunde from the Board of Managing Directors, for reasons of age, at the end of 2013, Ralf Bedranowsky will
assume responsibility for the Bank’s Shipping Finance business. DVB Bank aims to further strengthen its position in
financing the global transport sector. With the appointment of Ralf Bedranowsky, DVB has been able to attract a
renowned industry expert: he has a successful track record, with many years of global management experience in
traditional banking and lending business as well as in investment banking.

From 1 September 2004 until 30 September 2007 Ralf Bedranowsky was a member of the Management Board
of Landesbank Hessen-Thüringen (Helaba), where his principal responsibility was for the lending back office
(Marktfolge Kredit). Before joining Helaba, he had worked for Deutsche Bank for more than two decades:
his last assignment during this period was as a member of the management team at Deutsche Bank’s Hamburg
branch, where he was responsible for risk management in corporate banking for North and Eastern Germany, as
well as for risk management for Deutsche Bank Group’s shipping finance business. In addition, Ralf Bedranowsky
served as Deputy Chairman of the Supervisory Board of SHL AG (Schiffshypothekenbank zu Lübeck AG), a
wholly-owned shipping finance subsidiary of Deutsche Bank AG.

Ralf Bedranowsky’s appointment to DVB Bank’s Board of Managing Directors demonstrates that the composition
of the Bank’s senior management team is dedicated to continuity and sustainable earnings growth.