Declaration in accordance with Section 161 of the German Stock Corporation Act

In accordance with Section 161 of the German Stock Corporation Act the Management Board and Supervisory Board of listed companies must publish an annual declaration of how their management and supervision systems conform to the recommendations of the German Corporate Governance Code or deviate from them. Our aim is to conform to the Code as fully as possible even as a non-listed company. In February 2018, the Management Board and the Supervisory Board of HSH Nordbank therefore voluntarily issued the Declaration of Conformity set out below and disclosed any deviations from the Code.