External Research

Dear sirs,

with the introduction of the market abuse regulation per July 3rd, 2016 and its imposed obligations we had to decide the shutdown of our service "external analysis" providing external research regarding MünchenerHyp.

While publishing the external analysis on our website to institutional investors MünchenerHyp became a distributor of portfolio strategies and investment suggestions. An ongoing service would cause extensive obligations for the bank. Due to the fact that we are not the producer of the research MünchenerHyp will to not be in a position to secure the requested format.

Thank you for your understanding and your interest.