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History of the DVB Share

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History of the DVB Share History of the DVB share On 18 June 1923, the Bank was founded by several banks and industrial enterprises via the 1923 issue of the Articles of Association and Memorandum. In order to expedite the founding process, the shell of an inactive bank (Pforzheimer Hypothekensicherungs-AG, Pforzheim, Germany) existing since 1 July 1918 was used and the corporate name was changed to „Deutsche Verkehrs-Kredit-Bank“ (DVKB). The establishment’s purpose was to introduce a bankable practice for handling the freight payments and fee settlements of the Reichsbahn (German State Railway) in Germany. 1924 The Reichsbahn acquired a stake of 51% of the Bank’s share capital. DVKB also functioned as the Reichsbahn‘s principal bank and managed all of its financial transactions. 1925 The Reichsbahn acquired a 75% stake of DVKB’s share capital in the wake of a capital increase. The residual 25% were transferred to a banking syndicate consisting of major and private banks. DVKB started to participate in the Reichsbahn‘s exchange office business. 1930 39 DVKB exchange offices existed in railway stations and border crossings. 1935 DVKB moved into its own premises: “Unter den Linden 10“ in Berlin, Germany. 1944 August: DVKB presented its last annual report before the end of the war. 1945 23 regional offices, four agencies and 45 exchange offices were part of the Bank before the end of the war. 1949 DVKB received a special permit to operate freight payments, fee settlements, freight credits, money transactions and exchange offices in the three Western zones of occupation. Frank- furt/Main, Germany, became the new administrative centre. 1952 Establishment of a branch in West-Berlin and 14 additional regional offices in West Germany, inter alia, Frankfurt/Main 1958 Having finally resolved the ownership structure, Deutsche Bundesbahn (German Federal Rail- way) held 100% of DVKB’s share capital. The first postwar balance sheet was presented on 20 December of that year and the first postwar Annual General Meeting took place in Berlin. Registered offices: West Berlin and Frankfurt/Main 1987 On 16 November 1987 the DVB shares – bearer shares with a nominal value of DM50 – were admitted to sharetrading and official quotation at the Frankfurt and Berlin stock exchanges. 1988 Initial Public Offering – DVB shares were listed at the Frankfurt and Berlin Stock Exchanges on 6 April 1988. Deutsche Bundesbahn retained a 75.1% stake in the share capital, with the remaining 24.9% held in free float. 1991 Change of the corporate name to Deutsche Verkehrs-Bank AG Conversion of Deutsche Verkehrs-Kredit-Bank shares into new share certificates registered 1993 under Deutsche Verkehrs-Bank AG DG BANK AG (Deutsche Genossenschaftsbank, today: DZ BANK) became the major share- 1995 holder owning 50.1% of the share capital. 1997 Change of the corporate name to Deutsche VerkehrsBank AG 1999 The par-value shares were converted to notional no-par-value shares. The shares were denominated in euro after the share capital and other amounts contained in the Articles of Association and Memorandum had been changed from DM to euro. 2000 Share capital increase according to a resolution passed by the Annual General Meeting via the issue of 754,000 new notional no-par value bearer shares, subscription ratio 3:1, obtained gross proceeds: €60.0 million Change of the corporate name to DVB Bank AG 2002 DZ BANK increased its stake in the share capital from 67.02% to 78.21% via the acquisition of the interest previously held by KRAVAG. 2003 DZ BANK increased its stake to 92.27% of the subscribed share capital by acquiring the stakes held by Deutsche Bahn Holding AG and the “Sparda” banks. DVB shares were delisted from the Berlin-Bremen Stock Exchange on 31 October 2005. 2005 Share capital increase from authorised capital, via the issue of 850,000 new notional no-par value bearer shares (unit shares) – 2-for-7 subscription ratio, gross issue proceeds: €105.4 million. New shares listed at the Frankfurt Stock Exchange on 15 November 2005; new share- holder structure: 93.21% DZ BANK, with 6.79% in free float. Expiration of the employee profit participation programme „DVB shares“, through which 2007 136,594 shares were issued and options were exercised, respectively. DVB rose own funds in the aggregate amount of €14.7 million in the years 2001 through 2007. 2008 Annulment of old shares, all DVB shares are issued under one share certificate. Share capital increase from authorised capital, via the issue of 664,000 new notional no-par value bearer shares – 1-for-6 subscription ratio, gross issue proceeds: €149.4 million. New shares listed at the Frankfurt Stock Exchange on 9 July 2008; new shareholder structure: 95.44% DZ BANK, with 4.56% in free float. 10-for-1 share split Merger of DVB Bank N.V. into DVB Bank AG, together with a change of the legal form of DVB Bank AG from a public limited company according to German law to a European public limited-liability company (Societas Europaea or SE) Since 2015, DZ BANK owns 95.47% of DVB's share capital, with 4.53% in free float. The 2016 highest price for the year 2015 was €25.69, the lowest price was €24.50. The year-end share price in 2015 was €24.75. Accordingly, the Bank's market capitalisation was €1.2 billion at the end of 2015. Shareholders were paid a dividend of €0.60 per notional no-par value share from DVB Bank SE's net retained profit for 2014. The Board of Managing Directors and the Super- visory Board will propose to the Annual General Meeting on 23 June 2016 in Frankfurt/Main a dividend payment at €0.30 per notional no-par value share for the 2015 business year. DVB Bank SE, Investor Relations, Frankfurt/Main, March 2016.
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