BNP Paribas publishes its voluntary tender offer for DAB Bank AG

BNP Paribas’ wholly owned subsidiary, BNP Paribas Beteiligungsholding AG, published its voluntary tender offer for DAB Bank AG (“DAB Bank”).

BNP Paribas publishes DAB Bank offer document.

- Acceptance period for the offer to run until 13 October 2014

- Offer price of €4.78 per DAB Bank share, as previously announced

- Premium of 28.5% over 12 months average price

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”) has approved the publication of the offer document pursuant to the German Securities Acquisition and Takeover Act (Wertpapiererwerbs - und Übernahmegesetz/ "German Takeover Act"). The offer document and an additional English translation, which was not reviewed by BaFin, are available online at https://invest.bnpparibas.com/en in the "Events" section under the entry dated 5 August 2014.

Publication of the offer document marks the beginning of the acceptance period of the offer, which ends on 13 October 2014, unless it is extended pursuant to the statutory provisions of the German Takeover Act. Shareholders of DAB Bank can tender their shares at a price of €4.78 per share, as indicated in BNP Paribas’ previous announcement of 5 August 2014. For further details regarding the offer and on how to accept, shareholders of DAB Bank should refer to the offer document.

On 5 August 2014, BNP Paribas announced that it had entered into a conditional agreement with Unicredit to acquire its 81.39% interest in DAB Bank at a price of €4.78 per share. Shareholders of DAB Bank are invited to tender their shares at the same price BNP Paribas agreed with Unicredit. The offer price represents a premium of 28.5% on the undisturbed 12 months average price and of 29.5% on the average analyst target prices before announcement of the agreement with Unicredit, as specified in the offer document.

A minimum acceptance threshold has not been set. Completion of the offer is subject to receipt of certain banking regulatory approvals and non-objections by certain banking associations.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) has a presence in 75 countries with more than 180,000 employees, including 140,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the Western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.

About BNP Paribas in Germany

The BNP Paribas Group has been active in Germany since 1947 and has successfully positioned itself on the market with 13 companies. Private customers, companies and institutions are looked after by roughly 4,000 employees at 19 locations all over the country. The wide-ranging products and services offered by BNP Paribas are almost identical to that of a universal bank.