DVB Bank AG (DVB) reports that on Tuesday, 31 January 2006, Moody's Investors Service (Moody´s) raised its long-term debt and deposit ratings on the Bank from ´A3´ to ´A2´. Moody's also upgraded the short-term deposit and credit ratings of DVB from ´P-2´ to ´P-1´. All ratings have a stable outlook. The bank financial strength rating of ´C-´ remains unchanged.

Amongst others, the new rating by Moody's reflects "the progress DVB has made in its transformation into a specialized transport and corporate finance bank." Moody's describes DVB's strategy as "well defined on transport finance and strictly executed". The Bank's strategic focus on transport finance "as well as the excellent knowledge of the transport industry sector should help DVB to further strengthen its financial fundamentals." The rating action is also based on DVB's ongoing majority ownership by DZ BANK AG, which has also underpinned its commitment to DVB by a capital increase in the second half of 2005.

Note to Editors:
DVB Bank AG, based in Frankfurt/Main, is an international advisory bank and finance house that specialises in the global transport market. DVB offers integrated financing solutions and advisory services in respect of Shipping, Aviation, Land Transport, and Transport Infrastructure. The Bank operates out of offices in Frankfurt/Main, Hamburg, London, New York, Rotterdam, Hong Kong, Singapore, Tokyo, Bergen, Piraeus, and Curaçao. DVB Bank AG is listed on the Frankfurt Stock Exchange (ISIN: DE 0008045501).

Contact:
Prof. Dr. Borislav Bjelicic, Phone +49 69 9750-4390, Fax +49 69 9750-4333, DVB Bank Aktiengesellschaft, Corporate Communications, Friedrich-Ebert-Anlage 2-14, 60325 Frankfurt/Main, Germany, borislav.bjelicic@dvbbank.com, www.dvbbank.com