DGAP-News: DAB Bank AG / Key word(s): Quarter Results DAB Bank books a substantially higher profit in the first quarter of 2014 30.04.2014 / 07:30 --------------------------------------------------------------------- DAB Bank books a substantially higher profit in the first quarter of 2014 Profit before taxes of EUR6.87 million is about 46% higher than the year-ago figure / Considerably higher customer trading activity, with approximately 1.5 million trades executed in the first quarter Munich, April 30, 2014. The DAB Bank Group, Munich, generated a substantially higher profit before taxes in the first quarter of the current year. At EUR6.87 million, this result is about 46% higher than the corresponding figure for the first quarter of last year (Q1 2013: EUR4.72 million). "We executed approximately 1.5 million trades for our customers in the period from January to March. You would have to go back to 2008 to find such a high level of customer trading activity in a single quarter," said Ernst Huber, Management Board Spokesman of DAB Bank. "Besides the strong net commission income in the first quarter, our net interest income also recovered from its low point last year." At EUR22.77 million, the bank's net commission income was more than 9% higher than the corresponding figure for the first quarter of last year. The increase in net interest income was even more impressive, as this figure rose by 41% from EUR8.75 in the first quarter of last year to EUR12.36 million in the period just ended. By contrast, the trading profit/loss and the profit/loss from investments were no longer as high as they have been in prior periods, but were still clearly positive, at EUR0.65 million. DAB Bank generated total operating income of EUR35.78 million in Q1 2014, reflecting an increase of about 14% over the corresponding year-ago figure. Thanks to the continued practice of strict cost management, administrative expenses rose by only 7.5%, to EUR28.48 million, that being much smaller than the increase in total income. DAB Bank's key operational indicators also exhibited a very positive development. For example, DAB Bank executed 1.49 million trades for its customers in the period from January to March 2014, reflecting an increase of slightly more than 23% over the already strong year-ago figure. In the time from the end of 2013 to the end of March 2014, DAB Bank increased its customer base by a net addition of slightly more than 7,000 customers, bringing the total to 628,006. Furthermore, customer assets held in custody rose considerably, by EUR1.1 billion to EUR33.59 billion, in the first three months of 2014, thanks to persistently strong net fund inflows. "The continuous customer growth and persistently strong net fund inflows prove that our new positioning is succeeding in the market," said Ernst Huber. Founded 20 years ago as Germany's first direct broker, DAB Bank has been expanding its offering of banking products and services for over a year now, with the goal of becoming the first bank for more and more of its customers. The product portfolio was recently expanded further with the addition of installment loans. Furthermore, DAB Bank offers two new savings products, "DAB Zielsparen", featuring a fixed interest rate, depending on the term, and "DAB Stufenzinssparen", featuring an annually increasing rate of interest. DAB Bank Group: Key Indicators and Operating Results According to IFRS in the First Quarter of 2014

Key indicators                                  Q1/2014   Q4/2013   Q1/2013
Customers                                 No.   628,006   620,897   602,661
Securities accounts                       No.   617,767   617,070   615,374
Bank accounts                             No.   218,547   204,721   167,669
Trades executed                           No.  1,494,366 1,247,032
1,211,734
Trades per securities account,            No.      9.68      8.06      7.88
annualized
Customer assets                        EUR bn     33.59     32.49     30.18
thereof in investment funds            EUR bn     16.11     15.45     14.33

Operating results                               Q1/2014   Q4/2013   Q1/2013
Net interest income                      kEUR    12,361    11,495     8,746
Trading profit/loss and profit/loss      kEUR       646      -317     1,923
from investments
Net commission income                    kEUR    22,772    23,346    20,843
Administrative expenses                  kEUR    28,484    28,526    26,491
Earnings before taxes                    kEUR     6,873     4,427     4,715
Net profit after taxes                   kEUR     4,600     2,930     3,243
Cost-income ratio                        in %      80.6      86.6      84.9
Earnings per share                        EUR      0.05      0.03      0.04

End of Corporate News --------------------------------------------------------------------- 30.04.2014 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 --------------------------------------------------------------------- 265445 30.04.2014