DGAP-News: DAB Bank AG / Key word(s): Quarter Results DAB Bank reports continued growth of its operating business in the third quarter 29.10.2013 / 07:30 --------------------------------------------------------------------- DAB Bank reports continued growth of its operating business in the third quarter New record for customer assets held in custody / Clear upward trend of trades executed and customer numbers / Third-quarter profit before taxes comes to EUR5.29 million Munich, October 29, 2013. The DAB Bank Group, Munich, continued to grow its operating business in the third quarter of the current financial year. Thanks to strong net fund inflows, customer assets increased by around EUR1.5 billion in the period from July to September, reaching the record level of EUR31.08 billion. DAB Bank also increased its customer base by more than 6,000, bringing the total to 615,178 customers. Thus, DAB Bank has added more than 18,000 net new customers since the beginning of the current financial year. The growth in bank accounts carried for customers has been especially impressive, with more than 37,000 bank accounts added since the beginning of this year, bringing the total to 192,528. At 1.21 million, DAB Bank also executed significantly more trades for its customers in the third quarter, compared to the year-ago figure (Q3 2012: 1.00 million). 'The growth program launched at the start of this year, including the redesigned checking account and numerous innovations in our securities-related services, has continued to bear fruit in the past few months. We are currently experiencing strong growth in all our key operational indicators,' said Ernst Huber, Management Board Spokesman of DAB Bank. The growth of DAB Bank's operating business is clearly reflected in the bank's net commission income. At EUR62.61 million, the net commission income generated in the first nine months of the current year is already more than EUR5 million higher than the corresponding year-ago figure (9M 2012: EUR57.52 million). However, DAB Bank's net interest income has been adversely affected by the persistently low level of interest rates. While the third-quarter net interest income of EUR10.18 million was significantly higher than the corresponding figure for the preceding quarter (Q2 2013: EUR8.22 million), it was nonetheless lower than the year-ago figure (Q3 2012: EUR11.80 million). At EUR2.05 million, the trading profit and profit from investments together were slightly lower, as planned, than the respective figures for the second quarter of this year and the third quarter of last year (Q3 2012: EUR2.23 million; Q2 2013 EUR2.72 million). Thanks to active cost management, DAB Bank's third-quarter administrative expenses of EUR25.97 million were significantly lower than the respective comparison figures (Q3 2012: EUR27.49 million; Q2 2013: EUR27.74 million). DAB Bank's third-quarter profit before taxes of EUR5.29 million was higher than the corresponding figure for the second quarter of this year (Q2 2013: EUR4.79 million), but slightly lower than the corresponding year-ago figure (Q3 2012: EUR5.44 million). Thus, the profit before taxes for the first nine months of 2013 came to EUR14.79 million, as compared to EUR21.43 million in the year-ago period. However, the net interest income generated in the first nine months was about EUR11 million less than the corresponding year-ago period, due to the persistently low level of market interest rates. DAB Bank is re-affirming its forecast that the profit before taxes for the full year 2013 will be at least one third less than the corresponding figure for 2012, when the bank generated a profit before taxes of EUR28.03 million. As in prior periods, DAB Bank introduced new products and services to the market in the past few months. In this regard, DAB Bank's new website is especially noteworthy. It was not only optically modernized, but was in fact redesigned from the ground up to make it even more user-friendly than before, based on the feedback received from more than 5,000 customers and other interested parties. Customers' response to the new website has been very positive since it went live in August. DAB Bank Group: Key Indicators and Operating Results According to IFRS:

Key Indicators                                         9M 2013    9M 2012
Customers                                    No.       615,178    598,529
Securities accounts                          No.       616,197    617,094
Bank accounts                                No.       192,528    153,165
Trades executed                              No.     3,717,707  3,224,877
Trades per securities account, annualized    No.          8.05       6.95
Customer assets                              EUR bn      31.08      27.42
thereof in investment funds                  EUR bn      14.71      12.98

Operating results                                      9M 2013    9M 2012
Net interest income                          kEUR       27,145     38,156
Trading profit and profit form investments   kEUR        6,699      8,542
Net commission income                        kEUR       62,607     57,519
Administrative expenses                      kEUR       80,207     83,029
Profit before taxes                          kEUR       14,790     21,434
Net profit after taxes                       kEUR        9,341     14,337
Cost-income ratio                            in %         84.4       79.5
Earnings per share                           EUR          0.10       0.17

Key Indicators                                  Q3/2013   Q2/2013   Q3/2012
Customers                            No.        615,178   609,003   598,529
Securities accounts                  No.        616,197   615,837   617,094
Bank accounts                        No.        192,528   179,280   153,165
Trades executed                      No.      1,211,734 1,294,239 1,001,826
Customer assets                      EUR bn       31.08     29.61     27.42
thereof in investment funds          EUR bn       14.71     14.05     12.98

Operating results                               Q3/2013   Q2/2013   Q3/2012
Net interest income                  kEUR        10,177     8,222    11,795
Trading profit and profit from       kEUR         2,052     2,724     2,228
investments
Net commission income                kEUR        19,827    21,937    18,683
Administrative expenses              kEUR        25,974    27,742    27,490
Profit before taxes                  kEUR         5,289     4,786     5,438
Net profit after taxes               kEUR         2,858     3,240     3,325
Cost-income ratio                    in %          83.5      85.3      83.5
Earnings per share                   EUR           0.03      0.03      0.04

End of Corporate News --------------------------------------------------------------------- 29.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: DAB Bank AG Landsberger Straße 300 80687 München Germany Phone: +49 (0)89 500 68 1696 Fax: +49 (0)89 500 68 669 E-mail: [email protected] Internet: www.dab-bank.de ISIN: DE0005072300 WKN: 507230 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 236440 29.10.2013