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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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Board of Directors (Appointments and Changes)
14.03.2013


Ad-hoc-Disclosure pursuant to § 15 of the WpHG

Subject:        Resignation from the Managing  Directors
Issuer: Hybrid Raising GmbH, Koogstraat 4, 25870 Norderfriedrichskoog,          
       Germany 

ISIN:           DE 000A0AMCG6 (WKN A0AMCG)
                partial debentures 
                Frankfurt Stock Exchange; Official Segment of Euronext Amsterdam
N.V.

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Norderfriedrichskoog, March 14th 2013  

The Managing Directors of Hybrid Raising GmbH, Dr. Hans-Joachim Winter and Mrs.
Margret Dircks, each have resigned from office  as Managing Director of the
Company with effect from March 31st 2013.


Hybrid Raising GmbH
Management

Contact:
Hybrid Raising GmbH
Koogstraat 4
25870 Norderfriedrichskoog

Mrs Margret Dircks
Dr. Hans-Joachim Winter
Phone: + 49 (0) 4864 / 10610
Fax: + 49 (0) 4864 / 1430
email:  bueroservice-dircks@t-online.de


Further inquiry note:
Margret Dircks
Geschäftsführerin
Tel.: +49(0)4864/419
E-Mail:  bueroservice-dircks@t-online.de

end of announcement                               euro adhoc 
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issuer:      Hybrid Raising GmbH
             Koogstraat 4
             D-25870 Norderfriedrichskoog
phone:       +49(0)4864/10610
FAX:         +49(0)4864/1430
mail:         bueroservice-dircks@t-online.de
WWW:         http://www.hybrid-raising.de
sector:      Economy, Business & Finance
ISIN:        DE000A0AMCG6
indexes:     
stockmarkets: free trade: Berlin, Hamburg, stock market: Euronext Amsterdam,
             regulated dealing/general standard: Frankfurt 
language:   English