Company Announcements

Clearstream Banking S.A., Luxembourg („Clearstream“), a 100 per cent subsidiary of Deutsche Börse AG, learned today that a US court in the so-called Peterson II case (see annual report of 2025, page 261) issued a decision in favor of creditors of Iran who had brought a lawsuit seeking turnover of  at least approximately USD 1.7 bn that are attributed to the Iranian central bank (”Bank Markazi“) and held in custody at Clearstream in Luxembourg in a client account. Clearstream is assessing appealing the decision.

Since 2018, Bank Markazi also as part of an action filed in Luxembourg against (among others) Clearstream is asking for restitution of considerable amounts of assets including the abovementioned amount of approximately USD 1.7 bn (see ad hoc announcement of Deutsche Börse AG of 18 January 2018). This action is currently still being briefed in the first instance proceedings. Clearstream after legal consultation believes the claims made against it in Luxembourg to be without merit.

Clearstream, after comprehensive legal consultation and within the scope of its potential courses of action, will weigh all relevant interests and responsibilities as to how to deal with the assets at issue while complying with Clearstream's legal and regulatory obligations. Clearstream will continue to analyze the overall legal situation.

Based on the legal assessment of the mentioned cases, today’s decision does not cause any material change to the overall risk that would require Clearstream or Deutsche Börse AG to make provisions in this context.


Contact:
Ingrid Haas
Group Communications
Deutsche Börse AG
Telefon: +49 69 211 1 32 17

Patrick Kalbhenn
Group Communications
Deutsche Börse AG
Telefon: +49 69 211 1 47 30

E-Mail: media-relations@deutsche-boerse.com