DGAP-News: DAB Bank AG / Key word(s): Final Results/Preliminary Results DAB Bank generated strong operating growth in financial year 2013 26.02.2014 / 07:30 --------------------------------------------------------------------- DAB Bank generated strong operating growth in financial year 2013 Substantial increases in customer assets and in customers, bank accounts and trades executed / Profit before taxes lower at EUR19.22 million, due to lower net interest income and profit from investments Munich, February 26, 2014. The DAB Bank Group, Munich, generated strong operating growth in 2013. Customer assets held in custody rose by more than EUR4 billion to EUR32.49 billion, thanks in particular to high net fund inflows. Motivated not least of all by rising stock markets, DAB Bank's customers traded much more frequently in 2013 than in 2012, placing approximately 4.96 million trade orders, reflecting an increase of slightly more than 18% compared to 2012. The total number of customers rose by nearly 24,000 to 620,897, thanks in part to the completely redesigned checking account that was introduced in February. The number of checking accounts carried for customers (which DAB Bank had previously offered only as a supplementary product) grew significantly to 36,754 at the end of 2013. Also as a result of the considerably higher trading activity of our customers, the net commission income of EUR85.95 million was almost EUR12 million higher than the corresponding figure for 2012. "The expansion of our business strategy to include a wide range of banking products has begun to bear fruit. The growth observed in key operational indicators in 2013 was the highest in years," said Ernst Huber, Management Board Spokesman of DAB Bank. "But the other new products and services we introduced in the area of trading - including for example our new stock trading platform "DAB Best Price," the optimized offering of investment funds and CFD trading - were very well received by our customers. Also in this, our anniversary year, our customers can look forward to many new highlights in products and services." Having been founded in 1994 as the first direct broker in Germany, DAB Bank will celebrate its 20th anniversary in May. Mainly as a result of the historically low level of interest rates, DAB Bank's net interest income of EUR38.64 million was considerably lower, by 22%, than the EUR49.80 million generated in 2012. Whereas the trading profit and profit from investment combined had reached a record level of EUR15.47 million in 2012, due to the outstanding opportunities in the markets, these items amounted to only EUR6.38 million in 2013. Although DAB Bank lowered its administrative expenses by EUR2.5 million to EUR108.73 million in 2013, thanks to rigorous cost discipline, the profit before taxes fell by around a third to EUR19.22 million (2012: EUR28.03 million), due to the lower net interest income and profit from investments in 2013. The annual shareholders' meeting to be held on May 15, 2014 will be asked to approve a dividend payout equal to the full distributable profit, corresponding to a dividend of 13 cents per share, which will be paid once again without deduction of the investment income tax. The figures stated herein are still preliminary. DAB Bank will publish its Annual Report 2013 containing the final results on March 20, 2014. Key indicators and operating results of DAB Bank (audited, but not yet officially adopted figures):

Key indicators                                     2013      2012    Change
Customers                            No.        620,897   597,128     +4.0%
Securities accounts                  No.        617,070   615,288     +0.3%
Bank accounts                        No.        204,721   155,381    +31.8%
Trades executed                      No.       4,964,739 4,198,272   +18.3%
Trades per securities account,       No.           8.06      6.79    +18.7%
annualized
Customer assets held in custody      EUR bn       32.49     28.38    +14.5%
thereof in investment funds          EUR bn       15.45     13.56    +13.9%

Operating results
Net interest income                  kEUR        38,640    49,796    -22.4%
Trading profit and profit from       kEUR         6,382    15,469    -58.7%
investments
Net commission income                kEUR        85,953    74,181    +15.9%
Administrative expenses              kEUR       108,733   111,346     -2.3%
Earnings before taxes                kEUR        19,217    28,032    -31.4%
Net profit after taxes               kEUR        12,271    18,125    -32.3%
Cost-income ratio                    in %          85.0      79.9     +6.4%
Earnings per share                   EUR           0.13      0.22    -40.1%

Key indicators                                  Q4/2013   Q3/2013   Q4/2012
Customers                            No.        620,897   615,178   597,128
Securities accounts                  No.        617,070   616,197   615,288
Bank accounts                        No.        204,721   192,528   155,381
Trades executed                      No.       1,247,032 1,211,734  973,395
Customer assets held in custody      EUR bn       32,49     31,08     28,38
thereof in investment funds          EUR bn       15,45     14,71     13,56

Operating results
Net interest income                  kEUR        11,495    10,177    11,640
Trading profit and profit from       kEUR          -317     2,052     6,927
investments
Net commission income                kEUR        23,346    19,827    16,662
Administrative expenses              kEUR        28,526    25,974    28,317
Earnings before taxes                kEUR         4,427     5,289     6,598
Net profit after taxes               kEUR         2,930     2,858     3,788
Earnings per share                   EUR           0.03      0.03      0.05

If you have queries, please contact Dr. Jürgen Eikenbusch, DAB Bank AG, [email protected] End of Corporate News --------------------------------------------------------------------- 26.02.2014 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 --------------------------------------------------------------------- 254162 26.02.2014