Changes in personnel

Apart from the appointment of Mr. Jörg Wohlers and Mr. Klaus-­Dieter Schwettscher as new members of the Supervisory Board effective the beginning of the year under report, there was one more change in personnel on the Supervisory Board in the course of the year. Mr. ­Torsten Heick left the Supervisory Board effective 1 July 2015. Mr. Peter ­Axmann­ was judicially appointed his successor effective 14 July 2015. In 2016 Ms. Auerbach left the Supervisory Board effective 31 March 2016. Ms. ­Cornelia Hintz was judicially appointed her successor effective 18 May 2016. The Supervisory Board would like to thank Ms. Auerbach and Mr. Heick for their many years of committed service to the Bank.

There was also one change in the composition of the Management Board during the 2015 reporting year. Mr. Edwin Wartenweiler left the Bank's Management Board effective 1 June 2015. Mr. Ulrik Lackschewitz started work as the new Chief Risk Officer and new Management Board member on 1 October 2015.

The Supervisory Board thanked the Management Board and all employees for their great personal commitment and their work under the difficult conditions experienced by the Bank.

Hamburg/Kiel, 8 June 2016

The Supervisory Board

Dr Thomas Mirow
Chairman of the Supervisory Board of HSH Nordbank AG