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Hypo Real Estate Holding AG changes CEO

Georg Funke, CEO of Hypo Real Estate Holding AG, in agreement with the Supervisory Board, will leave the group with immediate effect.

Dr. Axel Wieandt (42) will take over as CEO of Hypo Real Estate Holding
AG with effect from Monday 13 October 2008. Since 2003, Dr. Wieandt
has been Global Head of Corporate Investments at Deutsche Bank AG,
Frankfurt.

Dr. Kai Wilhelm Franzmeyer (44) will also join the Board of Hypo Real
Estate Holding AG on 13 October 2008 with responsibility for Treasury for
the entire Group.



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