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1 Luxembourg NORD/LB Luxembourg S.A. Covered Bond Bank Reporting Date: 30/09/18 Cut-off Date: 30/09/18 Index 1. Basic Information 2. Public Sector Assets 3. Glossary 4. Optional ECB Repo Disclosure 5. Outstanding Lettres de Gage

2 1. Basic Information Reporting in Domestic Currency NORD/LB Luxembourg S.A. Covered Bond Bank EUR CONTENT OF TAB 1 1. General Facts 2. Regulatory Summary 3. General Cover Pool / Covered Bond Information 4. References to Capital Requirements Regulation (CRR) 129(7) Reporting Date:30/09/18 5. References to Capital Requirements Regulation (CRR) 129(1) Cut-off Date: 30/09/18 6. Other relevant information Field Number 1. General Facts G Country Luxembourg G Issuer Name NORD/LB Luxembourg S.A. Covered Bond Bank G Link to Issuer's Website G Cut-off date 30/09/18 2. Regulatory Summary G UCITS Compliance (Y/N) Y G CRR Compliance (Y/N) N G LCR status ND4 3. General Cover Pool / Covered Bond Information 1.General Information Nominal (mn) G Total Cover Assets 5.548,0 G Outstanding Covered Bonds 4.430,6 2. Over-collateralisation (OC) Legal Actual Minimum Committed Purpose G OC (%) 2,0 25,2 22,00 ND2 3. Cover Pool Composition Nominal (mn) % Cover Pool G Mortgages 0,0 0,00% G Public Sector 5.272,2 95,03% G Shipping 0,0 0,00% G Substitute Assets 275,8 4,97% G Other 0,0 0,00% G Total 5.548,0 100,00% 4. Cover Pool Amortisation Profile Contractual (mn) Expected Upon Prepayments (mn) % Total Contractual % Total Expected Upon Prepayments G Weighted Average life (in years) 7,0 Residual Life (mn) By buckets: G Y 439,8 ND1 7,93% G Y 539,8 ND1 9,73% G Y 705,2 ND1 12,71% G Y 578,9 ND1 10,43% G Y 389,0 ND1 7,01% G Y 1.630,8 ND1 29,39% G Y 1.264,5 ND1 22,79% G Total 5.548,0 0,0 100,00% 0,00% 5. Maturity of Covered Bonds Initial Maturity (mn) Extended Maturity (mn) % Total Initial Maturity % Total Extended Maturity G Weighted Average life (in years) 6,2 ND1 Maturity (mn) G By buckets: G Y 581,5 ND1 13,12% G Y 570,3 ND1 12,87% G Y 1.119,3 ND1 25,26% G Y 140,2 ND1 3,16% G Y 509,0 ND1 11,49% G Y 477,4 ND1 10,77% G Y 1.033,0 ND1 23,31% G Total 4.430,6 0,0 100,00% 0,00%

3 NORD/LB Luxembourg S.A. Covered Bond Bank 6. Covered Assets - Currency Nominal [before hedging] (mn) Nominal [after hedging] (mn) % Total [before] % Total [after] G EUR 2.597, ,4 46,81% 72,11% G USD 1.710, ,4 30,82% 25,28% G GBP 1.000,7 131,8 18,04% 2,35% G NOK 0,0 0,0 0,00% 0,00% G CHF 0,0 0,0 0,00% 0,00% G AUD 0,0 0,0 0,00% 0,00% G CAD 126,1 0,0 2,27% 0,00% G BRL 0,0 0,0 0,00% 0,00% G CZK 5,0 0,0 0,09% 0,00% G DKK 0,0 0,0 0,00% 0,00% G HKD 0,0 0,0 0,00% 0,00% G KRW 0,0 0,0 0,00% 0,00% G SEK 0,0 0,0 0,00% 0,00% G SGD 0,0 0,0 0,00% 0,00% G Other 109,0 14,5 1,96% 0,26% G Total 5.548, ,0 100,00% 100,00% 7. Covered Bonds - Currency Nominal [before hedging] (mn) Nominal [after hedging] (mn) % Total [before] % Total [after] G EUR 3.504, ,3 79,10% 75,92% G USD 712, ,2 16,09% 23,84% G GBP 0,0 0,0 0,00% 0,00% G NOK 169,0 10,6 3,81% 0,24% G CHF 44,2 0,0 1,00% 0,00% G AUD 0,0 0,0 0,00% 0,00% G CAD 0,0 0,0 0,00% 0,00% G BRL 0,0 0,0 0,00% 0,00% G CZK 0,0 0,0 0,00% 0,00% G DKK 0,0 0,0 0,00% 0,00% G HKD 0,0 0,0 0,00% 0,00% G KRW 0,0 0,0 0,00% 0,00% G SEK 0,0 0,0 0,00% 0,00% G SGD 0,0 0,0 0,00% 0,00% G Other 0,0 0,0 0,00% 0,00% G Total 4.430, ,1 100,00% 100,00% 8. Covered Bonds - Breakdown by interest rate Nominal (mn) % Covered Bonds G Fixed coupon 4.316,2 97,42% G Floating coupon 1,0 0,02% G Other 113,4 2,56% G Total 4.430,6 100,00% 9. Substitute Assets - Type Nominal (mn) % Substitute Assets G Cash 0,0 0,00% G Exposures to/guaranteed by governments or quasi governments 0,0 0,00% G Exposures to central banks 0,0 0,00% G Exposures to credit institutions 275,8 100,00% G Other 0,0 0,00% G Total 275,8 100,00%

4 NORD/LB Luxembourg S.A. Covered Bond Bank 10. Substitute Assets - Country Nominal (mn) % Substitute Assets G Domestic (Country of Issuer) 0,0 0,00% G Eurozone 168,8 61,20% G Rest of European Union (EU) 107,0 38,80% G European Economic Area (not member of EU) 0,0 0,00% G Switzerland 0,0 0,00% G Australia 0,0 0,00% G Brazil 0,0 0,00% G Canada 0,0 0,00% G Japan 0,0 0,00% G Korea 0,0 0,00% G New Zealand 0,0 0,00% G Singapore 0,0 0,00% G US 0,0 0,00% G Other 0,0 0,00% G Total EU 0,0 G Total 275,8 100,00% 11. Liquid Assets Nominal (mn) % Cover Pool % Covered Bonds G Substitute and other marketable assets 0,0 0,00% 0,00% G Central bank eligible assets 1.293,8 23,32% 29,20% G Other 0,0 0,00% 0,00% G Total 1.293,8 0,0 23,32% 29,20% 12. Bond List G Bond list 5. "Outstanding Lettres de Gage" 13. Derivatives & Swaps G Derivatives in the cover pool [notional] (mn) 3.091,8 G Type of interest rate swaps (intra-group, external or both) 1.111,0 G Type of currency rate swaps (intra-group, external or both) 1.980,8 4. References to Capital Requirements Regulation (CRR) 129(7) Row Row NORD/LB CBB believes that, at the time of issuance its relevant covered bonds would satisfy the eligibility criteria for Article 129(7) of the Capital Requirements Regulation (EU) 575/2013. Please note, that the question whether or not exposures in form of covered bonds are LCR-eligible is a matter to be determined by a relevant investor. The issuer does not accept any responsibility in this regard. G (i) Value of the cover pool outstanding covered bonds: 33 G (i) Value of covered bonds: 34 G (ii) Geographical distribution: 48 Public Sector Assets G (ii) Type of cover assets: 47 G (ii) Loan size: 18 Public Sector Assets G (ii) Interest rate risk - cover pool: 130 Public Sector Assets G (ii) Currency risk - cover pool: 106 G (ii) Interest rate risk - covered bond: 158 G (ii) Currency risk - covered bond: 132 G (Please refer to "Tab D. HTT Harmonised Glossary" for hedging strategy) 17 Glossary G (iii) Maturity structure of cover assets: 60 G (iii) Maturity structure of covered bonds: 83 G (iv) Percentage of loans more than ninety days past due: 167 Public Sector Assets OG OG OG OG OG OG OG OG OG OG References to Capital Requirements Regulation (CRR) 129(1) G Exposure to credit institute credit quality step 1 & Public Sector Assets OG OG OG OG OG OG Other relevant information

5 2. Public Sector Assets Reporting in Domestic Currency NORD/LB Luxembourg S.A. Covered Bond Bank EUR CONTENT OF TAB 2 1. Public Sector Assets Field Number 1. Public Sector Assets 1. General Information Reporting Date: 30/09/18 PS Number of public sector exposures 384 Cut-off Date: 30/09/18 2. Size Information Nominal Number of Exposures % Public Sector Assets PS Average exposure size (000s) ,9 By buckets (mn): PS Up to EUR 10mn 342,5 72 6,17% PS More than EUR 10mn up to EUR 100mn 3.949, ,19% PS More than EUR 100mn 1.256,0 8 22,64% PS Total 5.548, ,00% 3. Breakdown by Asset Type Nominal (mn) % Public Sector Assets PS Loans 2.879,9 51,91% PS Bonds 2.643,1 47,64% PS Other 25,0 0,45% PS Total 5.548,0 100% 4. Breakdown by Geography % Public Sector Assets PS European Union 78,79 PS Austria 2,11 PS Belgium 1,24 PS Bulgaria 0,00 PS Croatia 0,00 PS Cyprus 0,00 PS Czech Republic 0,27 PS Denmark 0,40 PS Estonia 0,00 PS Finland 3,43 PS France 1,38 PS Germany 44,73 PS Greece 0,00 PS Netherlands 2,74 PS Hungary 0,00 PS Ireland 0,20 PS Italy 0,00 PS Latvia 0,00 PS Lithuania 0,00 PS Luxembourg 2,57 PS Malta 0,00 PS Poland 1,38 PS Portugal 0,00 PS Romania 0,00 PS Slovakia 0,00

6 NORD/LB Luxembourg S.A. Covered Bond Bank PS Slovenia 0,00 PS Spain 0,00 PS Sweden 1,80 PS United Kingdom 16,54 PS European Economic Area (not member of EU) 0,00 PS Iceland 0,00 PS Liechtenstein 0,00 PS Norway 0,00 PS Other 21,21 PS Switzerland 0,00 PS Australia 0,00 4. Breakdown by Geography % Public Sector Assets PS Brazil 0,00 PS Canada 3,74 PS Japan 0,26 PS Korea 0,00 PS New Zealand 0,07 PS Singapore 0,00 PS US 14,27 PS Other 2,87 5. Breakdown by domestic regions % Public Sector Assets PS TBC at a country level ND1 6. Breakdown by Interest Rate % Public Sector Assets PS Fixed rate 62,82% PS Floating rate 32,20% OPS Breakdown by Repayment Type % Public Sector Assets PS Bullet / interest only 44,11% PS Amortising 55,89% OPS Breakdown by Type of Debtor Nominal (mn) % Public Sector Assets PS Sovereigns 236,9 4,27% PS Regional/federal authorities 1.188,2 21,42% PS Local/municipal authorities 916,8 16,52% PS Others 3.206,0 57,79% OPS Non-Performing Loans OPS Concentration Risks % Public Sector Assets PS largest exposures 25,38%

7 3. Glossary NORD/LB Luxembourg S.A. Covered Bond Bank The definitions below reflect the national specificities Field Number 1. Glossary - Standard Harmonised Items [Insert Definition Below] HG.1.1 OC Calculation: Actual (assets - liabilities) / liabilities HG.1.2 OC Calculation: Legal minimum 2% net present value and 2% nominal HG.1.3 OC Calculation: Committed (voluntary commitment) 22% HG.1.4 Interest Rate Types fixed, floating, zero HG.1.5 Maturity Buckets of Cover assets [i.e. how is the contractual and/or expected maturity defined? What assumptions eg, in terms of prepayments? etc.] (contractual) amortisation profile HG.1.6 Maturity Buckets of Covered Bonds [i.e. how is the contractual and/or expected maturity defined? What maturity structure (hard bullet, soft bullet, conditional pass through)? Under what conditions/circumstances? Etc.] (contractual) maturity of covered bonds HG.1.7 LTVs: Definition ND2 HG.1.8 LTVs: Calculation of property/shipping value ND2 HG.1.9 LTVs: Applied property/shipping valuation techniques, including whether use of index, Automated Valuation Model (AVM) or on-site audits ND2 HG.1.10 LTVs: Frequency and time of last valuation ND2 HG.1.11 Explain how mortgage types are defined whether for residential housing, multi-family housing, commercial real estate, etc. Same for shipping where relecvant ND2 HG.1.12 Hedging Strategy (please explain how you address interest rate and currency risk) stress test: simulation of the impact of interest rate changes (+-250bp) and foreign currency changes (10% to 25%) on the net present values (static method according to 5, 6 Pfandbrief Net Present Value Regulation) HG.1.13 Non-performing loans total amount of payments in arrears by at least 90 days 2. Reason for No Data Value HG.2.1 Not applicable for the jurisdiction ND1 HG.2.2 Not relevant for the issuer and/or CB programme at the present time ND2 HG.2.3 Not available at the present time ND3 3. Glossary - Extra national and/or Issuer Items [Insert Definition Below] HG.3.1 Other definitions deemed relevant

8 4. Harmonised - Optional ECB Repo Disclosure Reporting in Domestic Currency EUR CONTENT OF TAB 4 1. Additional information on the programme 2. Additional information on the swaps Reporting Date: 30/09/18 3. Additional information on the asset distribution Cut-off Date: 30/09/18 Field Number 1. Additional information on the programme Transaction Counterparties Name Legal Entity Identifier (LEI) E Sponsor (if applicable) ND2 ND2 E Primary originator(s) ND2 ND2 E Servicer ND2 ND2 E Back-up servicer ND2 ND2 E BUS facilitator ND2 ND2 E Cash manager ND2 ND2 E Back-up cash manager ND2 ND2 E Account bank Banque et Caisse d'epargne de l'etat R7CQUF1DQM73HUTV1078 E Standby account bank ND2 ND2 E Account bank guarantor ND2 ND2 E Trustee PwC Luxembourg ND2 E Cover Pool Monitor PwC Luxembourg ND2 OE OE OE OE OE OE OE OE Additional information on the swaps Swap Counterparties Legal Entity Identifier (LEI) Type of Swap E Norddeutsche Landesbank Girozentrale DSNHHQ2B9X5N6OUJ1236 Cross-Currency, Interest Rate 3. Additional information on the asset distribution 1. General Information Residential Loans Commercial Loans Public Sector Assets Shipping Loans E Weighted Average Seasoning (months) ND2 ND2 84,2 ND2 E Weighted Average Maturity (months) ND2 ND2 108,3 ND2 2. Arrears % Residential Loans % Commercial Loans % Public Sector Assets % Shipping Loans % Total Loans E <30 days ND2 ND2 0,00 ND2 ND3 E <60 days ND2 ND2 0,00 ND2 ND3 E <90 days ND2 ND2 0,00 ND2 ND3 E <180 days ND2 ND2 0,00 ND2 ND3 E >= 180 days ND2 ND2 0,00 ND2 ND3

9 5. Outstanding Lettres de Gage Reporting in Domestic Currency EUR CONTENT OF TAB 5 1. Registered Letrres de Gage 2. Bearer Lettres de Gage Reporting Date: 30/09/18 Cut-off Date: 30/09/18 1. Registered Lettres de Gage ISIN Amount Amount Euro Currency Date of Issuance Maturity Date Coupon Interest Type LCR NAPF , ,00 EUR ,91 fixed - NAPF , ,78 EUR ,00 Zero - NAPF , ,00 EUR ,84 fixed - NAPF , ,00 EUR ,80 fixed - NAPF , ,00 EUR ,81 fixed - NAPF , ,00 EUR ,50 fixed - NAPF , ,00 EUR ,60 fixed - NAPF , ,00 EUR ,60 fixed - NAPF , ,07 EUR ,00 Zero - NAPF , ,00 EUR ,00 Zero - NAPF , ,00 EUR ,00 Zero - NAPF , ,00 EUR ,00 Zero - NAPF , ,31 EUR ,00 Zero - NAPF , ,00 EUR ,03 fixed - NAPF , ,00 EUR ,96 fixed - NAPF , ,00 EUR ,92 fixed - NAPF , ,00 EUR ,03 fixed - NAPF , ,00 EUR ,55 fixed - NAPF , ,00 EUR ,60 fixed - NAPF , ,00 EUR ,50 fixed - NAPF , ,00 EUR ,64 fixed - NAPF , ,00 EUR ,64 fixed - NAPF , ,00 EUR ,88 fixed - NAPF , ,00 EUR ,52 fixed - NAPF , ,00 EUR ,02 fixed - NAPF , ,00 EUR ,02 fixed - NAPF , ,98 EUR ,00 Zero - NAPF , ,00 EUR ,30 fixed - NAPF , ,00 EUR ,30 fixed - NAPF , ,00 EUR ,51 fixed - NAPF , ,00 EUR ,37 fixed - NAPF , ,00 EUR ,40 fixed - NAPF , ,00 EUR ,46 fixed - NAPF , ,00 EUR ,50 fixed - NAPF , ,00 EUR ,05 fixed - NAPF , ,00 EUR ,32 fixed - NAPF , ,00 EUR ,50 fixed - NAPF , ,00 EUR ,19 fixed - NAPF , ,00 EUR ,19 fixed - NAPF , ,00 EUR ,28 fixed - NAPF , ,00 EUR ,70 fixed - NAPF , ,00 EUR ,55 fixed - NAPF , ,00 EUR ,55 fixed - NAPF , ,00 EUR ,55 fixed - NAPF , ,00 EUR ,55 fixed - NAPF , ,00 EUR ,05 fixed - NAPF , ,00 EUR ,01 fixed - NAPF , ,00 EUR ,57 fixed - NAPF , ,00 EUR ,57 fixed - NAPF , ,00 EUR ,80 fixed - NAPF , ,00 EUR ,65 fixed - NAPF , ,00 EUR ,51 fixed - NAPF , ,00 EUR ,50 fixed - NAPF , ,00 EUR ,77 fixed - NAPF , ,00 EUR ,67 fixed - NAPF , ,00 EUR ,01 fixed - NAPF , ,00 EUR ,00 fixed - NAPF , ,00 EUR ,70 fixed - NAPF , ,00 EUR ,57 fixed - NAPF , ,00 EUR ,55 fixed - NAPF , ,00 EUR ,07 fixed - NAPF , ,00 EUR ,81 fixed - NAPF , ,00 EUR ,17 fixed -

10 1. Registered Lettres de Gage ISIN Amount Amount Euro Currency Date of Issuance Maturity Date Coupon Interest Type LCR NAPF , ,00 EUR ,79 fixed - NAPF , ,00 EUR ,72 fixed - NAPF , ,00 EUR ,00 fixed - NAPF , ,00 EUR ,25 fixed - NAPF , ,00 EUR ,61 fixed - NAPFCBB , ,00 EUR ,17 fixed - NAPFCBB , ,00 EUR ,23 fixed - NAPFCBB , ,00 EUR ,04 fixed - NAPFCBB , ,00 EUR ,77 fixed - NAPFCBB , ,00 EUR ,45 fixed - NAPFCBB , ,00 EUR ,44 fixed - NAPFCBB , ,00 EUR ,44 fixed - NAPFCBB , ,00 EUR ,38 fixed - NAPFCBB , ,00 EUR ,58 fixed - NAPFCBB , ,00 EUR ,52 fixed - NAPFCBB , ,00 EUR ,52 fixed - NAPFCBB , ,00 EUR ,52 fixed - NAPFCBB , ,00 EUR ,52 fixed - NAPFCBB , ,00 EUR ,36 fixed - NAPFCBB , ,00 EUR ,58 fixed - NAPFCBB , ,00 EUR ,65 fixed - NAPFCBB , ,00 EUR ,72 fixed - NAPFCBB , ,00 EUR ,80 fixed - NAPFCBB , ,00 EUR ,79 fixed - NAPFCBB , ,00 EUR ,73 fixed - NAPFCBB , ,00 EUR ,58 fixed - NAPFCBB , ,00 EUR ,01 fixed - NAPFCBB , ,00 EUR ,03 fixed - 2. Bearer Lettres de Gage ISIN Amount Amount Euro Currency Date of Issuance Maturity Date Coupon Interest Type LCR XS , ,26 NOK ,60 fixed - XS , ,60 NOK ,67 fixed - XS , ,00 EUR ,25 floating - XS , ,00 EUR ,13 fixed - XS , ,30 NOK ,00 fixed - XS , ,43 USD ,00 fixed - XS , ,00 EUR ,25 fixed 1B* XS , ,00 EUR ,25 fixed - XS , ,00 EUR ,13 fixed 1B* XS , ,00 EUR ,85 fixed - XS , ,00 EUR ,38 fixed 1B* XS , ,00 EUR ,25 fixed 1B* XS , ,00 EUR ,30 fixed - XS , ,07 USD ,88 fixed - CH , ,46 CHF ,19 fixed - XS , ,00 EUR ,49 fixed - XS , ,31 USD ,88 fixed 1B* *Disclaimer LCR: We believe that this bond would satisfy the eligibility criteria for its classification as a Level 1 or Level 2 asset in accordance with Chapter 2 of the LCR delegated act at the time of its issuance and based on transparency data published by NORD/LB CBB. Please note however that whether or not a bond is a liquid asset for the purposes of the Liquidity Coverage Ratio under Regulation (EU) 575/2013 is a mattter to be ultimately determined by a relevant investor as well as by its relevant supervisory authority. As a consequence, NORD/LB CBB does not accept any responsibility in this regard.