DVB Bank AG today announces, that Stephenson Capital, a new rail investment fund set up by the bank's business unit DVB Investment Management, closed the first transaction with a project in the European market. The new fund, managed by DVB, concentrates primarily on principal investments in rail assets in the European and North American regions.

Bertrand Grabowski, member of the Board of Managing Directors of DVB Bank AG said: "The new fund is another step to further expand DVB's successful Investment Management business, which was established at the beginning of 2002. With DVB's extensive transport market knowledge and the proven track record of all investment funds, DVB is the ideal partner for discerning investors looking for investments in assets serving the international transportation markets."

Martin Metz, Global Head of DVB Bank's Land Transport Division, said: "The new investment fund enables us to also offer our Land Transport clients an equity finance alternative for their rail investment projects. The fund creates an efficient platform to work with our clients on a complementary basis, and also allows a perfect opportunity to align this approach to the bank's existing services comprised of lending, arrangement of complex financing transactions and financial advisory solutions for rolling stock investments."

The substantially increased significance of DVB in the international rail and road transport markets has also been evidenced through two prestigious awards. On December 06, 2007, the Bank's Land Transport Division was named the "Rail Finance House of the Year" by Jane's Transport Finance, a highly recognized specialist publication covering the international transport finance industry. At the same time, the team also received the "US Rail Deal of the Year" together with Credit Industriel et Commercial, New York Branch, for arranging a senior secured debt facility supporting the acquisition of newly built and used railcars by ARI Second LLC.

Last year, DVB's Land Transport Division was awarded the "European Rail Deal of the Year" and the year before, DVB was named "Road Finance Innovator" also by Jane's Transport Finance.

DVB Investment Management, a core business unit of DVB, arranges equity for transport clients and provides fund management services to investors in the transport sector. Next to Stephenson Capital, DVB Investment Management acts as the fund manager for the Deucalion Aviation Funds, and to the NFC Shipping Funds. DVB Investment Management has also set up an Intermodal Unit Fund.

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, and Land Transport. The Bank operates out of offices in Frankfurt/Main, Hamburg, London, New York, Rotterdam, Hong Kong, Singapore, Tokyo, Bergen/Oslo, Piraeus, and Curaçao. DVB Bank AG is listed on the Frankfurt Stock Exchange (ISIN: DE0008045501).

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