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Hypo Real Estate Group
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    Analyst Estimates
 

Analyst Estimates

The consensus is based on the forecasts, if available, of the aforementioned analysts. On the analyst estimates the median and average was calculated.

in € million

FY  2008e

Net Interest Income 1223
Net Commission Income 141
Net Trading Income  -124
Operating revenues 1029
Provisions for loss on loans and advances 165
Operating expenses 604
Income before tax 264
DPS (in €) 0.50
Number of Analysts who did contribute  14

As of 04.09.2008


Important note

The analysts’ assessments are a matter of subjective view and Hypo Real Estate Holding AG does not exert any influence on them. The assessments are not shared in every respect by Hypo Real Estate Holding AG. Their reproduction only provides a more convenient access and does not represent a exhaustive compilation of analysts’ assessments. The instance, that Hypo Real Estate Holding AG makes available the analysts’ assessments, does not imply its endorsement of or concurrence with them.

Hypo Real Estate Holding AG does not assume any warranty in conjunction with the analysts’ assessments and their reproduction and processing on these pages. In particular Hypo Real Estate Holding AG does not assume any warranty for the completeness, correctness and timeliness of the information and is not obliged to update, rectify or revise the information.

The presentation of the analysts’ assessments does in every respect not constitute an invitation to buy or to sell securities. In particular it does not constitute an invitation to buy or to sell shares of the Hypo Real Estate Holding AG.

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