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Adam Friedman Associates Announces Proposal by a Consortium to Acquire 100% of the Common Equity of DEPFA Bank PLC

NEW YORK, NY — (Marketwire) — 03/19/12 — On February 10, 2012, an ad hoc committee of holders of listed securities issued by DEPFA who currently manage over US$40 billion of assets globally (the "") approached Hypo Real Estate Holding AG ("") with an indicative proposal to acquire 100% of the common equity of DEPFA at a price of 0.2 to 0.4 times the current book value of common equity of DEPFA.On March 13, 2012, HRE informed the Consortium of the German Financial Markets


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