Conclusion of a Framework Agreement for the provision of ongoing legal advice under Irish law.

FMS Wertmanagement AöR (‘FMS-WM’ or ‘contracting authority’) was founded in 2010 as the Federal government's winding-up institution for the nationalised Hypo Real Estate Holding AG (HRE Group) with the aim of taking over risk positions and non-strategic operations from the HRE Group and unwinding them. As a financially independent entity under public law, FMS-WM defines the best possible wind-up strategies in each case and implements them based on the following maxim: seize opportunities for generating income and minimise losses. FMS-WM has a demand for legal advice on the following areas of law in Ireland: — Corporate Law and Tax: (eg assessment of the rights and duties of Board members of an Irish company/corporate governance, interpretation of the articles of association, shareholder rights with respect to subsidiaries); this lot also includes advice in tax matters, in particular with regards to subjects which are related to the corporate matters; — Banking / Capital Markets Law / Legal advice on Covered Bond related matters (eg review, drafting and negotiation of finance documents; advice on cover bond related legal matters / transactions); — Contractual Law (eg drafting/interpretation of non-disclosure agreements, service agreements, purchase agreements); — Banking Regulatory Law: legal matters which arise due to the fact that DEPFA Bank plc and some of its subsidiaries are licensed banks regulated by the Central Bank of Ireland; To meet this demand, framework agreements for the provision of legal services in the abovementioned areas of law shall be concluded. In detail, FMS-WM intends to conclude framework agreements for the following lots: — lot 1: Corporate Law and Tax (up to 2 framework agreements); — lot 2: Banking / Capital Markets Law / Legal advice on Covered Bond related matters (up 2 framework agreements); — lot 3: Contractual Law (up 2 framework agreements); — lot 4: Banking Regulatory Law (up 2 framework agreements).