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takeover offer

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 publication

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As of today, the Offer Document regarding the voluntary public takeover offer (in the form of acash offer) of BKB Beteiligungsholding AG, Frankfurt/Main, Germany to the shareholders of Oldenburgische Landesbank AG, Oldenburg, Germany, for the acquisition of all shares of Oldenburgische Landesbank AG (ISIN DE0008086000) as well as a non-binding English convenience translation thereof are available on the internet.

Announcement regarding the availability of the Offer Document pursuant to section 14 para. 3 sentence 1 no. 2 of the German Securities Acquisitions and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz (WpÜG))

Voluntary public takeover offer (cash offer)

1st Announcement according to Section 23 para. 1 sentence 1 no. 1 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG)

2nd Announcement according to Section 23 para. 1 sentence 1 no. 1 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG)

3rd Announcement pursuant to section 23 para. 1 sent. 1 no. 1 of the German Securities Acquisitions and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG)

4th Announcement according to Section 23 para. 1 sentence 1 no. 1 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG)

5th Announcement according to Section 23 para. 1 sentence 1 no. 1 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG)

6th Announcement according to Section 23 para. 1 sentence 1 no. 1 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG)

7th Announcement according to Section 23 para. 1 sentence 1 no. 1 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG)

8th Announcement according to Section 23 para. 1 sentence 1 no. 1 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG)

Announcement regarding tender results pursuant to section 23 para. 1 sent. 1 no. 2 of the German Securities Acquisitions Act (Wertpapiererwerbs- und Übernahmegesetz)

Announcement regarding tender results pursuant to section 23 para. 1 sent. 1 no. 3 of the German Securities Acquisitions Act (Wertpapiererwerbs- und Übernahmegesetz)

Announcement according to Section 23 para. 2 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG).

Announcement regarding the fulfillment of a completion condition, July 2017

Announcement regarding the fulfillment of a completion condition, November 2017

Announcement regarding the fulfilment of a completion condition, January 2018

Announcement regarding the fulfilment of all completion conditions

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