DGAP-WpÜG: Pflichtangebot

Target company: Oldenburgische Landesbank AG; Bidder: BKB Beteiligungsholding AG

Dissemination of an announcement according to the German Securities 
Acquisition and Takeover Act (WpÜG), transmitted by DGAP - a service of 
EQS Group AG.
The bidder is solely responsible for the content of this announcement.
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Publication of the decision to launch a public takeover offer in accordance
with § 10 para. 1 sentence 1 in conjunction with § 29 para. 1 and § 34 of
the German Securities Acquisition and Takeover Act

Bidder:

BKB Beteiligungsholding AG
Voltastraße 81
60486 Frankfurt am Main
Germany

registered with the commercial register of the local court of Frankfurt am
Main under HRB 107730.

Target Company:

Oldenburgische Landesbank AG
Stau 15/17
26122 Oldenburg
Germany

registered with the commercial register of the local court of Oldenburg
(Oldb) under HRB 3003.

ISIN: DE0008086000 (WKN: 808600)

The publication of the offer document will be made on the internet under
www.bkb-bank.com/en/OLB upon approval by the German Federal Financial
Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht).

Information of the Bidder:

BKB Beteiligungsholding AG, a wholly owned subsidiary of Bremer Kreditbank
AG, decided on 23 June 2017 to offer to the shareholders of Oldenburgische
Landesbank AG by way of a voluntary public takeover offer to acquire their
no-par value bearer shares in Oldenburgische Landesbank AG, each
representing a notional amount of EUR 2.60 in the registered share capital
('OLB-Shares') against payment of a cash consideration in the amount of the
weighted domestic stock exchange price during the three months prior to
this publication per each OLB-Share (the 'Takeover Offer').

BKB Beteiligungsholding AG and Allianz Deutschland AG have signed a share
sale and purchase agreement today relating to 20,975,219 OLB-Shares,
equalling to about 90.2% of all OLB-Shares ('SPA'). The transfer of the
20,975,219 OLB-Shares is subject to certain conditions. Because of the SPA,
Allianz Deutschland AG will not accept the Takeover Offer for the 90.2%
OLB-Shares held by it.

The completion of the Takeover Offer will be subject to certain conditions.
These will include, in particular, receipt of necessary antitrust and other
regulatory clearances, in particular banking regulatory clearances. Apart
from this, the Takeover Offer will be made on and subject to the terms and
conditions yet to be communicated in the offer document.

Important information:

This announcement neither represents an offer to purchase or sell nor a
solicitation of an offer to purchase or sell shares in Oldenburgische
Landesbank AG. The final terms and conditions of the offer will be
published in the offer document after the approval by the German Federal
Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht). BKB Beteiligungsholding AG reserves the
right to deviate from the basic terms presented herein in the final terms
and conditions. Investors and holders of shares in Oldenburgische
Landesbank AG are strongly advised to read any relevant documents in
connection with the voluntary public takeover offer as soon as such
documents will be published as they will contain important information.

Frankfurt am Main, 23 June 2017

BKB Beteiligungsholding AG

End of WpÜG announcement

The 23.06.2017 DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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