Notice in accordance with § 48 (1) no. 4, no. 1 of the German Securities Trading Act (Wertpapierhandelsgesetz)

For the shares of Aareal Bank AG (DE0005408116), Aareal Bank AG, Paulinenstrasse 15, 65189 Wiesbaden has been designated for the entire duration of the admission of the shares on a regulated market in the Federal Republic of Germany as paying agent in Germany where all necessary measures in respect of the shares may be effected, or may be effected free of charge in the case of submission of the shares to this agent.