Opera Germany (No.1) - Quarterly Report to Investors

IRISH STOCK EXCHANGE ANNOUNCEMENT


Opera Germany (No.1) GmbH

€189,050,000 Class A
€25,000,000 Class B
€24,150,000 Class C
€15,800,000 Class D
Commercial Mortgage Backed Floating Rate Notes due January 2015
(the "Notes")

RE: Opera Germany (No.1) GmbH issues the quarterly report to investors

The Servicer acting on behalf of Opera Germany (No.1) GmbH has issued the Investors Quarterly Report. The full report is available on Bloomberg, Trepp and other webpages.
The tables below present the key information from the Investors Quarterly Report.
This press release is provided for information purposes only and is not intended as an offer or solicitation for the purchase or sale of the Notes in any jurisdiction.

Disclaimer

This report has been prepared by Eurohypo AG on behalf of, and in its capacity as Servicer in respect of, Opera Germany (No. 1) GmbH (the "Issuer"). The Issuer is responsible for all information set out in this report. Notwithstanding the fact that the information contained in this document has been obtained from sources we deem reliable, neither the Servicer nor the Issuer guarantees the accuracy, completeness and timeliness thereof. Except for the quarterly preparation of this report, the Servicer has no obligation to update, modify or amend the information in this report or to otherwise notify a reader thereof in the event that any matter stated herein changes or subsequently becomes inaccurate.

In connection with this report, Eurohypo AG is acting for the Issuer and no one else and will not be responsible to any other person for providing the protections afforded to clients of Eurohypo AG or for providing advice in relation to this report or any related transaction. Except in the case of fraud, neither Eurohypo AG nor any officer or employee of Eurohypo AG accepts any liability whatsoever for any direct or consequential loss arising from any use of this report or its contents.

The information contained in this document does neither constitute an offer nor does it constitute an invitation to submit an offer. Making this document available to you, does not render any investment consulting services to you, and in particular the present document does not constitute a recommendation to enter into any contracts or transactions of such kind. In particular, this report is not an offer of securities for sale in the United States. Any securities referred to in this report may not be offered or sold in the United States absent an exemption from registration under ths U.S. Securities Act of 1933, as amended, and any public offering of such securities in the United States will be made only by means of a prospectus that may be obtained by the Issuer and will contain detailed information about the Issuer (including financial statements).

Eurohypo AG is authorised by the Bundesanstalt für Finanzdienstleistungsaufsicht and regulated by the Financial Services Authority for the conduct of UK business.

Copyright protection exists on this report and it may not be reproduced or distributed to any person for any purpose.

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.