DEPFA FUNDING II LP: Notification of Change of Auditor

DEPFA Funding II LP

2 May 2018

Notification of change of Auditor

DEPFA BANK plc ("DEPFA") as general partner of DEPFA Funding II ("Funding II") announces that KPMG has resigned as auditors of Funding II with effect from 27th April 2018.

In accordance with the requirements of the EU regulatory framework on statutory audits (the "EU Rules") the DEPFA group (in conjunction with DEPFA's parent, FMS Wertmanagement AöR) conducted a transparent and competitive tender process for the 2018-2021 audits. Following such a tender process the DEPFA board decided to replace KPMG, who have completed a maximum term of ten years under the EU Rules, and award the 2018-2021 DEPFA group audits to PwC.

In accordance with section 519 of the UK Companies Act 2006, KPMG have deposited a statement with Funding II of the circumstances connected with them ceasing to hold office as auditors of Funding II (the "KPMG Statement").

In accordance with the requirements of section 520 of the UK Companies Act 2006, a copy of the KPMG Statement will be sent to all parties entitled to receive a copy of the financial statements of Funding II.

The KPMG Statement has been submitted electronically to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm

The KPMG Statement will also be available to view on DEPFA's website at www.depfa.com

For further information, please contact:

Rachel Martin

Head of Communications

Tel.: +353 1 792 2144

rachel.martin@depfa.com