Landesbank Baden-Wuerttemberg Am Hauptbahnhof 2 D-70173 Stuttgart, Germany Phone: +49 711 127-0 Fax: +49 711 127-43544 e-m: kontakt@lbbw.de Internet: www.lbbw.de Publication according to section 28 para. 1 nos. 1 and 3 Pfandbrief Act Pfandbriefe outstanding and their cover Outstanding total nominal value net present value risk-adjusted net present value* Q3 2014 Q3 2014 Q3 2014 Mortgage Pfandbriefe ( mn.) 8,465.0 6,314.0 8,881.0 6,758.0 8,434.0 6,309.0 of which derivatives ( mn.) - - - - - - Cover Pool ( mn.) 13,390.0 13,274.0 14,760.0 14,686.0 13,784.0 13,465.0 of which derivatives ( mn.) - - - - - - Over Collateralization (OC) ( mn.) 4,925.0 6,960.0 5,879.0 7,928.0 5,350.0 7,156.0 OC in % of Pfandbriefe outstanding 58.2 110.2 66.2 117.3 63.4 113.4 Over-Collateralization in Consideration of vdp-credit- Quality-Differentiation-Model OC in % of Pfandbriefe outstanding ( mn.) 4,925.0-5,879.0-58.2-66.2 - * The static approach was used for calculating the risk-adjusted net present value according to section 5 para. 1 no. 1 of the Net Present Value Regulation (PfandBarwertV). Outstanding total nominal value net present value risk-adjusted net present value* Q3 2014 Q3 2014 Q3 2014 Public Pfandbriefe ( mn.) 12,092.0 16,392.0 13,605.0 18,245.0 12,194.0 16,906.0 of which derivatives ( mn.) - - - - - - Cover Pool ( mn.) 18,161.0 26,803.0 20,943.0 29,891.0 18,740.0 27,426.0 of which derivatives ( mn.) - - - - - - Over Collateralization (OC) ( mn.) 6,069.0 10,411.0 7,338.0 11,646.0 6,546.0 10,520.0 OC in % of Pfandbriefe outstanding 50.2 63.5 53.9 63.8 53.7 62.2 Over Collateralization in Consideration of vdp-credit- Quality-Differentiation-Model OC in % of Pfandbriefe outstanding ( mn.) 6,066.0 10,409.0 7,335.0 11,644.0 50.2 63.5 53.9 63.8 * The static approach was used for calculating the risk-adjusted net present value according to section 5 para. 1 no. 1 of the Net Present Value Regulation (PfandBarwertV). Note: The release of the over collateralization with a view to the vdp-credit quality differentiation model is voluntary. page 1
Publication according to section 28 para. 1 no. 2 Pfandbrief Act Maturity structure of Pfandbriefe outstanding and their respective cover pools Mortgage Pfandbriefe Q3 2014 Pfandbriefe outstanding Cover pool Pfandbriefe outstanding Cover pool Maturity: mn. mn. mn. mn. <= 0,5 years 374.0 2,010.0 617.0 1,737.0 > 0,5 years and <= 1 year 732.0 689.0 573.0 926.0 > 1 year and <= 1,5 years 476.0 681.0 374.0 1,326.0 > 1,5 years and <= 2 years 742.0 665.0 522.0 711.0 > 2 years and <= 3 years 2,263.0 2,088.0 1,218.0 1,476.0 > 3 years and <= 4 years 1,310.0 1,520.0 1,275.0 1,739.0 > 4 years and <= 5 years 951.0 1,089.0 789.0 1,352.0 > 5 years and <= 10 years 1,453.0 3,852.0 781.0 3,378.0 > 10 years 164.0 796.0 165.0 629.0 Public Pfandbriefe Q3 2014 Pfandbriefe outstanding Cover pool Pfandbriefe outstanding Cover pool Maturity: mn. mn. mn. mn. <= 0,5 years 1,660.0 4,435.0 3,520.0 3,652.0 > 0,5 years and <= 1 year 2,068.0 1,071.0 2,612.0 5,546.0 > 1 year and <= 1,5 years 448.0 950.0 1,648.0 4,485.0 > 1,5 years and <= 2 years 339.0 603.0 2,058.0 965.0 > 2 years and <= 3 years 1,261.0 1,389.0 787.0 1,470.0 > 3 years and <= 4 years 1,096.0 1,293.0 1,250.0 1,369.0 > 4 years and <= 5 years 416.0 920.0 1,026.0 1,264.0 > 5 years and <= 10 years 3,040.0 3,097.0 1,600.0 3,534.0 > 10 years 1,764.0 4,403.0 1,891.0 4,518.0 page 2
Publication according to section 28 para. 2 no. 1 a Pfandbrief Act, section 28 para. 3 no. 1 Pfandbrief Act and section 28 para. 4 no. 1 a Pfandbrief Act Mortgage loans used as cover for Mortgage Pfandbriefe according to their amount in tranches Cover Assets Q3 2014 mn. mn. up to 300,000 Euros 4,736.0 4,872.0 more than 300,000 Euros up to 1 mn. Euros 902.0 947.0 more than 1 mn. Euros up to 10 mn. Euros 2,553.0 2,863.0 more than 10 mn. Euros 4,468.0 4,142.0 Total 12,659.0 12,824.0 Cover Assets used to secure public Pfandbriefe according to their amount in tranches Cover Assets Q3 2014 mn. mn. up to 10 mn. Euros 3,760.0 - more than 10 mn. Euros up to 100 mn. Euros 3,788.0 - more than 100 mn. Euros 10,613.0 - Total 18,161.0 - Note: The data for public Pfandbriefe will be stated from the second quarter 2015 onwards. page 3
Publication according to section 28 para. 2 no. 1 b, c and no. 2 Pfandbrief Act Volume of claims used to cover Mortgage Pfandbriefe according to states in which the real property is located, according to property type and the total amount of payments in arrears for at least 90 days as well as the total amount of these claims inasmuch as the respective amount in arrears is at least 5 percent of the claim Cover assets Total Residential Commercial Total Total Apartments Single-and Multiplefamily Buildings Building land Office two-family houses houses under construction buildings Retail buildings Industrial buildings other Buildings commercially under used construction buildings Building land Total amount of payments in arrears for at least 90 days Total amount of these claims inasmuch as the respective amount in arrears is at least 5 percent of the claim State Q3 mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. Total - all states year 2015 12,659.0 7,001.0 1,607.0 2,509.0 2,848.0 21.0 16.0 5,658.0 2,366.0 1,061.0 63.0 2,156.0 10.0 2.0 - - year 2014 12,824.0 7,101.0 1,653.0 2,596.0 2,806.0 29.0 17.0 5,723.0 2,285.0 1,006.0 83.0 2,333.0 11.0 5.0 - - Germany year 2015 11,352.0 7,001.0 1,607.0 2,509.0 2,848.0 21.0 16.0 4,351.0 1,281.0 1,010.0 63.0 1,985.0 10.0 2.0 - - year 2014 11,705.0 7,101.0 1,653.0 2,596.0 2,806.0 29.0 17.0 4,604.0 1,432.0 960.0 83.0 2,113.0 11.0 5.0 - - Belgium year 2015 - - - - - - - - - - - - - - - - year 2014 54.0 - - - - - - 54.0 54.0 - - - - - - - France year 2015 - - - - - - - - - - - - - - - - year 2014 133.0 - - - - - - 133.0 133.0 - - - - - - - Great Britain year 2015 432.0 - - - - - - 432.0 411.0 - - 21.0 - - - - year 2014 160.0 - - - - - - 160.0 141.0 - - 19.0 - - - - Netherlands year 2015 53.0 - - - - - - 53.0 53.0 - - - - - - - year 2014 72.0 - - - - - - 72.0 72.0 - - - - - - - USA year 2015 822.0 - - - - - - 822.0 621.0 51.0-150.0 - - - - year 2014 700.0 - - - - - - 700.0 453.0 46.0-201.0 - - - - page 4
Publication according to section 28 para. 3 no. 2 Pfandbrief Act Volume of claims used to cover Public Pfandbriefe Cover assets Total in the total included claims which are granted for reasons of promoting exports State Regional Local Other debtors State Q3 mn. mn. mn. mn. mn. mn. Total - all states year 2015 18,161.0 1,930.0 2,229.0 3,804.0 4,408.0 7,720.0 year 2014 26,803.0-2,243.0 4,004.0 4,828.0 15,728.0 Germany year 2015 17,238.0 1,567.0 1,768.0 3,457.0 4,329.0 7,684.0 year 2014 25,849.0-1,795.0 3,626.0 4,743.0 15,685.0 Austria year 2015 98.0 68.0 81.0 17.0 - - year 2014 66.0-59.0 5.0 2.0 - Belgium year 2015 15.0 - - - - 15.0 year 2014 15.0 - - - - 15.0 Czech Republic year 2015 15.0-15.0 - - - year 2014 15.0-15.0 - - - Denmark year 2015 45.0 45.0 45.0 - - - year 2014 42.0-42.0 - - - Great Britain year 2015 127.0 127.0 127.0 - - - year 2014 137.0-137.0 - - - Hungary year 2015 26.0-26.0 - - - year 2014 25.0-25.0 - - - Italy year 2015 58.0-19.0 17.0 22.0 - year 2014 73.0-18.0 33.0 22.0 - Latvia year 2015 57.0 - - - 57.0 - year 2014 61.0 - - - 61.0 - Luxembourg year 2015 15.0 8.0 15.0 - - - year 2014 26.0-17.0 - - 9.0 Poland year 2015 17.0-17.0 - - - year 2014 17.0-17.0 - - - Spain year 2015 139.0 - - 139.0 - - year 2014 135.0 - - 135.0 - - Sweden year 2015 15.0 14.0 15.0 - - - year 2014 1.0-1.0 - - - Switzerland year 2015 58.0 - - 58.0 - - year 2014 102.0 - - 102.0 - - USA year 2015 238.0 101.0 101.0 116.0-21.0 year 2014 239.0-117.0 103.0-19.0 Note: The claims which are granted for reasons of promoting exports will be stated from the second quarter 2015 onwards. page 5
Publication according to section 28 para. 3 no. 3 Pfandbrief Act Total amount of payments in arrears for at least 90 days as well as the total amount of these claims inasmuch as the respective amount in arrears is at least 5 percent of the claim Amount of claims in arrears for at least 90 days Total amount of these claims inasmuch as the respectiveamount in arrears is at least 5 % of the claim Total Total State Regional Local Other debtors State Regional Local Other debtors State Q3 mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. Total - all states year 2015 - - - - - - - - - - Germany year 2015 - - - - - - - - - - Austria year 2015 - - - - - - - - - - Belgium year 2015 - - - - - - - - - - Czech Republic year 2015 - - - - - - - - - - Denmark year 2015 - - - - - - - - - - Great Britain year 2015 - - - - - - - - - - Hungary year 2015 - - - - - - - - - - Italy year 2015 - - - - - - - - - - Latvia year 2015 - - - - - - - - - - Luxembourg year 2015 - - - - - - - - - - Poland year 2015 - - - - - - - - - - Spain year 2015 - - - - - - - - - - Sweden year 2015 - - - - - - - - - - Switzerland year 2015 - - - - - - - - - - USA year 2015 - - - - - - - - - - page 6
Publication according to section 28 para. 1 nos. 4, 5 and 6 Pfandbrief Act Further Cover Assets -in detail Further cover assets for Mortgage Pfandbriefe according to section 19 para. 1 nos. 1, 2 and 3 Total equalization claims according to section 19 para. 1 no. 1 overall claims according to section 19 para. 1 no. 2 Covered Bonds according to Article 129 Regulation (EU) Nr. 575/2013 claims according to section 19 para. 1 no. 3 State Q3 mn. mn. mn. mn. mn. Total - all states Jahr 2015 731.0 - - - 731.0 Jahr 2014 450.0 - - - 450.0 Germany Jahr 2015 721.0 - - - 721.0 Jahr 2014 450.0 - - - 450.0 Italy Jahr 2015 10.0 - - - 10.0 Jahr 2014 - - - - - page 7
Publication according to section 28 para. 1 nos. 4 and 5 Pfandbrief Act Further Cover Assets -in detail Further cover assets for Public Pfandbriefe according to section 20 para. 2 nos. 1 and 2 Total equalization claims according to section 20 para. 2 no. 1 overall claims according to section 20 para. 2 no. 2 Covered Bonds according to Article 129 Regulation (EU) Nr. 575/2013 State Q3 mn. mn. mn. mn. Total - all states Jahr 2015 - - - - Jahr 2014 40.0-40.0 - Germany Jahr 2015 - - - - Jahr 2014 40.0-40.0 - page 8
Publication according to section 28 para. 1 nos.7, 8, 9, 10 and 11 Pfandbrief Act and section 28 para. 2 no. 3 Pfandbrief Act Key figures about outstanding Pfandbriefe and Cover Pool Mortgage Pfandbriefe Q3 2014 Outstanding Pfandbriefe ( mn.) 8,465.0 6,314.0 percentage share of fixed-rate Pfandbriefe section 28 para. 1 no. 9 % 87.50 76.40 Cover Pool ( mn.) 13,390.0 13,274.0 total amount of the claims which exceed the limits laid down in 13 para. 1 section 28 para. 1 no. 7 total amount of the claims which exceed the percentage threshold laid down in 19 para 1 no. 2 section 28 para. 1 no. 8 total amount of the claims which exceed the percentage threshold laid down in 19 para 1 no. 3 section 28 para. 1 no. 8 percentage share of fixed-rate cover assets section 28 para. 1 no. 9 Net present value pursuant to 6 of the Pfandbruef Net Present Value Regulation for each foreign currency in Euro section 28 para. 1 no. 10 (Net Total) ( mn.) - - ( mn.) - - ( mn.) - - % 74.20 77.00 CAD - - CHF 40.0 30.0 CZK - - DKK - - GBP 457.0 203.0 HKD - - JPY - - NOK - - SEK - - USD -62.0 702.0 AUD - - volume-weighted average of the matuerity that has passed since the loan was granted (seasoning) section 28 para. 1 no. 11 average loan-to-value ratio, weighted using the mortgage lending value section 28 para. 2 no. 3 * years 6.8 7.2 % 56.50 56.80 average loan-to-value ratio, weighted using the market value % - - *Change of calculation methodology due to adjustment of PfandBG for Q 2 2015 page 9
Public Pfandbriefe Q3 2014 Outstanding Pfandbriefe ( mn.) 12,092.0 16,392.0 percentage share of fixed-rate Pfandbriefe section 28 para. 1 no. 9 % 88.40 86.20 Cover Pool ( mn.) 18,161.0 26,803.0 total amount of the claims which exceed the percentage threshold laid down in 20 para 2 section 28 para. 1 no. 8 percentage share of fixed-rate cover assets section 28 para. 1 no. 9 Net present value pursuant to 6 of the Pfandbruef Net Present Value Regulation for each foreign currency in Euro section 28 para. 1 no. 10 (Net Total) ( mn.) - - % 69.00 62.30 CAD - - CHF 51.0 121.0 CZK - - DKK - - GBP 23.0 24.0 HKD - - JPY -19.0-19.0 NOK - - SEK - - USD 440.0 441.0 AUD - - page 10