Hypo Real Estate Holding AG announces that it has received the following notification pursuant to sec. 21 et seqq. WpHG from Brandes Investment Partners, L.P. (“Brandes”), located at 11988 El Camino Real, Suite 500, San Diego, CA 92130, USA, in a letter dated October 5th, 2005:

Brandes fell below the 5% threshold of voting rights in Hypo Real Estate Holding AG as of September 29, 2005. As of September 29, 2005, Brandes was interested in 3.78% of voting rights of Hypo Real Estate Holding AG, consisting of American Depository Receipts (“ADR’s”) and ordinary shares.
As of September 29, 2005 Brandes was interested for purposes of the WpHG in 1,020,368 ADR’s and 4,043,899 ordinary voting shares of Hypo Real Estate Holding AG.
Pursuant to sec. 22 par. 1 sent. 1 no. 6 WpHG, all of the shares are attributed to Brandes by virtue of voting and dispositive authority over its client’s shares.

Hypo Real Estate Holding AG

Management Board