EANS-News: DVB Bank SE
DVB completes its sale of a 60% shareholding in TES Holdings Ltd

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Joint Ventures/Cooperation/Collaboration

Frankfurt am Main (euro adhoc) - DVB Bank SE ("DVB"), the Frankfurt-based bank
that specialises in transport finance, today announced the completion of its
sale of a 60% shareholding in TES Holdings Ltd ("TES" or the "Company") to two
new shareholders, Mitsubishi Corporation, Tokyo, Japan ("MC") and the
Development Bank of Japan Inc. Tokyo, Japan ("DBJ"). MC and DBJ have acquired a
35% stake and a 25% stake respectively, in TES. DVB remains the largest
stakeholder with 40% of shares. 

TES Aviation Group is active in several mainstream aircraft engine types and is
headquartered in Bridgend, Wales, UK with regional franchise operations in both
Asia and the US. The Company leverages its unique position by the effective use
of a large pool of intellectual property derived from the management of a 600+
engine portfolio, to intelligently price, buy and manage assets in the market
place, with the over-riding objective of managing risk and driving down the cost
of engine ownership for its client base.

DVB first purchased a majority shareholding in TES in 2007. Since DVB's
investment, the Company's turnover has grown from US$20 million to US$100
million in 2011. Following the conclusion of a strategic review of TES, DVB
decided to seek new partners to help support taking TES to the next stage of the
Company's development under the continued leadership of its Chief Executive
Officer and founder Ashley Cooper.

The new equity partners will sit along-side DVB and are fully aligned to the
Company's existing strategy of increasing the number of platform clients,
building its aero-engine stub-lease and parts portfolio, and support the growth
of the existing US and Asian franchise operations.  

Grant Thornton advised DVB on this transaction. Legal advice to DVB was provided
by Geldards LLP and MC and DBJ were advised by Eversheds and Norton Rose

Contact for further information on this press release:

Stephan Sayre, Managing Director, DVB Bank SE, Aviation Investment Management
Telefon +44 20 7256 4344, stephan.sayre@dvbbank.com 

David Goring-Thomas, Managing Director, DVB Bank SE, Aviation Finance
Phone +44 20 7256 4302, david.goring-thomas@dvbbank.com

Note to Editors: 

DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading specialist
in the international transport finance business. The Bank offers integrated
financing solutions and advisory services in respect of Shipping Finance,
Aviation Finance, and Land Transport Finance. The Bank operates out of offices
in Frankfurt/Main, Hamburg, London, Cardiff, Rotterdam, Bergen, Oslo, Piraeus,
Zurich, Singapore, Tokyo, New York and Curaçao. DVB Bank SE is listed at the
Frankfurt Stock Exchange (ISIN: DE0008045501). www.dvbbank.com

Further inquiry note:
Elisabeth Winter
Investor Relations
Tel: +49 (0)69-97504-329
E-Mail: elisabeth.winter@dvbbank.com

end of announcement                               euro adhoc 

company:     DVB Bank SE
             Platz der Republik 6
             D-60325 Frankfurt am Main
phone:       +49 (0)69 9750-40
FAX:         +49 (0)69 9750-4444
mail:     info@dvbbank.com
WWW:      http://www.dvbbank.com
sector:      Banking
ISIN:        DE0008045501
stockmarkets: free trade: Düsseldorf, Stuttgart, regulated dealing/general
             standard: Frankfurt 
language:   English

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