DebtX to Sell euro 138 Million in German and Italian Loans

BOSTON - Active Bidding Expected For Loans Originated In Europe

DebtX, the largest marketplace for loans, today announced it will sell
more than euro 138 million in non-performing loans from three financial
institutions in Germany and Italy.

In Germany, DebtX is executing two separate sales. On April 23, DebtX
will sell euro 94 million in non-performing loans secured by commercial real
estate located throughout Germany. On May 14, DebtX will sell euro 14 million
in non-performing loans secured primarily by residential real estate in East
Germany.

In Italy, DebtX is selling euro 30 million in non-performing finance
loans in May. The loans are secured by business assets throughout the
country. Due diligence materials for all three sales are available to
registered and approved investors at www.debtx.com.

Including these European loan sales, DebtX is currently in market with
more than US$500 million in loans.

“DebtX’s European loan sales are attracting broad investor interest, and
we expect active bidding for all three loan portfolios,” said DebtX Managing
Director Gifford West, head of the company’s European operations. “The
European loan sale market remains very robust at DebtX due to the strong
liquidity and increasing demand for non-performing loans from investors
around the world.”

West said DebtX expects to hold additional European loan sales in coming
months as more financial institutions in the Euro zone seek to sell loans
rather than managing them through prolonged workouts. By selling loans in the
secondary market, institutions can return to health and profitability faster,
and position themselves to pursue M&A activity in the consolidating European
market.

“DebtX has been in Europe for over six years and has built a strong,
multi-lingual team drawn from across the region,” West said. “Two of the loan
sales represent repeat business from established customers. DebtX can help
financial institutions re-liquefy their balance sheets and focus again on the
business of making profitable loans. In light of the credit crisis, most
European banks have re-examined their balance sheets and understand the need
to take action. Through programmatic loan sales at DebtX, institutions can
actively manage their loan portfolios, while reducing overall risk.”

About DebtX

DebtX is one of the world’s leading full-service loan sale advisors for
commercial, consumer and specialty finance debt and has successfully executed
sales in North America, Europe and Asia. DebtX operates the world’s largest
and most liquid online marketplace for loans, with more than 6,000 registered
and approved investors and more than 300 selling institutions, including
commercial banks, insurance companies, investment banks and
government-sponsored enterprises. DebtX also offers DXMark(R), the first
objective valuation of commercial real estate portfolios based on actual
secondary market loan sales. DXOpen(R) is a family of deal management
products used by syndication and agency services professionals. DebtX has
U.S. offices in Atlanta, New York, and San Francisco, and European offices in
London and Frankfurt. For information, call +1-617-531-3400 or visit
www.debtx.com.

Source: DebtX

Greg Berardi of Blue Marlin Partners, +1-415-239-7826, greg at bluemarlinpartners.com, for DebtX