Deucalion Limited (Deucalion), an aviation investment fund advised by DVB Bank SE (DVB), and Marubeni Corporation (Marubeni), have formed a joint venture company, MD Aviation Capital Pte. Ltd. (MDAC), incorporated in Singapore, for the purpose of investing in commercial aircraft subject to leases with airlines worldwide.

The 50:50 joint venture company, advised jointly by DVB’s Aviation Investment Management team and Marubeni, will complete its first acquisition of assets by the end of 2010 and expects to further expand its investment portfolio in the future.

Bertrand Grabowski, member of the Board of Managing Directors of DVB and responsible for aviation, commented: “We are delighted to have concluded this new joint venture vehicle which represents our first such collaboration with Marubeni. This new venture continues the Bank’s strategy of opportunistically investing in the aviation sector through the Deucalion aviation funds, funds that have a proven track record of success going back to 2001.”

Gentaro Toya, Senior Operating Officer, Transportation Machinery Division, Marubeni Corporation added: “We are very pleased to be inaugurating this new business venture with Deucalion and DVB. Marubeni has extensive experience in providing sales agency services for commercial aircraft, business jets and engines, investment in engine development programs, and various other services including aircraft components, airport ground handling services, etc. By entering into the aircraft operating lease business, and strengthening its comprehensive range of services to airlines around the world, Marubeni intends to make a further material contribution to the aviation industry.”

Lim Kok Kiang, Director of Transport Engineering, Singapore Economic Development Board (EDB) said: “Congratulations to DVB and Marubeni on the formation of MD Aviation Capital Pte. Ltd. MDAC’s decision to set up operations in Singapore demonstrates their confidence in our business-friendly environment, and strong legal and financial framework. MDAC’s activities will reinforce Singapore’s offering of sophisticated aviation services and will further enhance our position as a leading aviation hub in Asia.”

Note to Editors:

DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading specialist in the international Transport Finance business. The Bank offers integrated financing solutions and advisory services in respect of Shipping Finance, Aviation Finance and Land Transport Finance. The Bank operates out of offices in Frankfurt/Main, Hamburg, London, Cardiff, Rotterdam, Bergen/Oslo, Piraeus, Zurich, Singapore, Tokyo, New York and Curaçao. DVB Bank SE is listed at the Frankfurt Stock Exchange. www.dvbbank.com

Marubeni Corporation, headquartered in Tokyo, Japan, is involved in the handling of products and provision of services in a broad range of sectors. These areas encompass importing and exporting, as well as transactions in the Japanese market, related to food, textiles, materials, pulp and paper, chemicals, energy, metals and mineral resources, transportation machinery, and includes offshore trading. The Company’s activities also extend to power projects and infrastructure, plants and industrial machinery, real estate development, plants and industrial machinery, real estate development and construction, and finance, logistics and information industry. www.marubeni.com