Varengold Bank AG: Closure of the business area Capital Markets Brokerage

Varengold Bank AG  / Key word(s): Strategic Company Decision/Miscellaneous04.03.2016 17:09Dissemination of a Corporate News, transmitted by DGAP - a service of EQSGroup AG.The issuer / publisher is solely responsible for the content of this announcement.---------------------------------------------------------------------------Hamburg, 4th March 2016 - After implementing a capital increase in February2016, Varengold Bank AG (ISIN DE0005479307) has defined the strategicorientation of the bank. The business area Capital Markets Brokerage willbe closed in order to limit risk and earning volatilities. In the future,the Bank will focus on the two business areas Commercial Banking and PrimeBrokerage, where higher risk-adjusted returns are expected.04.03.2016 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      Varengold Bank AG              Große Elbstraße 27              22767 Hamburg              GermanyPhone:        +49 (0)40 / 668649-0Fax:          +49 (0)40 / 668649-49E-mail:       info@varengold.deInternet:     www.varengold.deISIN:         DE0005479307WKN:          547930Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart;              Open Market (Entry Standard) in Frankfurt End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------