Westdeutsche ImmobilienBank AG Grosse Bleiche 46 D-55116 Mainz, Germany Phone: +49 6131 9280-0 Fax: +49 6131 9280-7200 e-m: info@westimmobank.com Internet: www.westimmo.com 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* Q1 2015 Q1 2015 Q1 2015 Mortgage Pfandbriefe ( mn.) 3,152.7 4,175.2 3,810.7 4,948.2 3,862.3 5,041.3 of which derivatives ( mn.) - - - - - - Cover Pool ( mn.) 3,915.9 4,870.3 4,213.7 5,273.3 4,125.9 5,217.0 of which derivatives ( mn.) - - - - - - Over Collateralization (OC) ( mn.) 763.2 695.1 403.0 325.1 263.6 175.7 OC in % of Pfandbriefe outstanding 24.2 16.6 10.6 6.6 6.8 3.5 Over-Collateralization in Consideration of vdp-credit- Quality-Differentiation-Model OC in % of Pfandbriefe outstanding ( mn.) 763.2 695.1 403.0 325.1 24.2 16.6 10.6 6.6 * The dynamic approach was used for calculating the risk-adjusted net present value according to section 5 para. 1 no. 2 of the Net Present Value Regulation (PfandBarwertV). Outstanding total nominal value net present value risk-adjusted net present value* Q1 2015 Q1 2015 Q1 2015 Public Pfandbriefe ( mn.) 485.6 618.5 574.8 722.8 548.5 693.4 of which derivatives ( mn.) - - - - - - Cover Pool ( mn.) 690.3 767.7 844.8 941.1 795.9 877.9 of which derivatives ( mn.) - - - - - - Over Collateralization (OC) ( mn.) 204.7 149.2 270.0 218.3 247.4 184.5 OC in % of Pfandbriefe outstanding 42.2 24.1 47.0 30.2 45.1 26.6 Over Collateralization in Consideration of vdp-credit- Quality-Differentiation-Model OC in % of Pfandbriefe outstanding ( mn.) 204.7 149.2 270.0 218.3 42.2 24.1 47.0 30.2 * The dynamic approach was used for calculating the risk-adjusted net present value according to section 5 para. 1 no. 2 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 Q1 2015 Pfandbriefe outstanding Cover pool Pfandbriefe outstanding Cover pool Maturity: mn. mn. mn. mn. <= 0,5 years 173.3 558.3 152.5 909.6 > 0,5 years and <= 1 year 268.1 363.9 371.1 598.6 > 1 year and <= 1,5 years 228.0 295.3 421.3 465.6 > 1,5 years and <= 2 years 367.6 319.6 436.0 502.4 > 2 years and <= 3 years 659.6 735.8 643.8 506.9 > 3 years and <= 4 years 167.4 614.7 686.3 663.9 > 4 years and <= 5 years 137.2 289.9 179.0 418.8 > 5 years and <= 10 years 794.2 651.8 829.3 653.0 > 10 years 357.3 86.6 455.9 151.5 Public Pfandbriefe Q1 2015 Pfandbriefe outstanding Cover pool Pfandbriefe outstanding Cover pool Maturity: mn. mn. mn. mn. <= 0,5 years 94.0 33.3 40.0 75.6 > 0,5 years and <= 1 year 47.9 44.8 103.5 62.2 > 1 year and <= 1,5 years 5.0 31.5 84.0 31.1 > 1,5 years and <= 2 years 40.1 82.1 48.5 38.8 > 2 years and <= 3 years 16.5 77.2 45.8 117.7 > 3 years and <= 4 years 16.0 89.2 14.7 67.4 > 4 years and <= 5 years 70.0 30.0 16.0 82.4 > 5 years and <= 10 years 128.6 161.3 198.5 143.4 > 10 years 67.5 140.9 67.5 149.1 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 Q1 2015 mn. mn. up to 300,000 Euros 1,044.9 1,353.2 more than 300,000 Euros up to 1 mn. Euros 73.1 111.6 more than 1 mn. Euros up to 10 mn. Euros 423.1 769.4 more than 10 mn. Euros 1,604.3 2,250.1 Total 3,145.4 4,484.3 Cover Assets used to secure public Pfandbriefe according to their amount in tranches Cover Assets Q1 2015 mn. mn. up to 10 mn. Euros 246.4 - more than 10 mn. Euros up to 100 mn. Euros 443.9 - more than 100 mn. Euros - - Total 690.3 - 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 thereof Residential Commercial Total thereof Total thereof Apartments Single-and Multiplefamily Buildings Building land Office two-family houses houses under construction Retail Industrial other Buildings commercially under used construction 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 Q1 mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. Total - all states year 2016 3,145.4 1,152.6 11.0 788.9 352.7 - - 1,992.8 1,066.0 600.3 27.5 295.3-3.7 0.6 0.8 year 2015 4,484.3 1,494.1 210.3 853.4 430.1 0.1 0.2 2,990.2 1,742.4 686.7 12.2 539.9-9.0 55.4 56.3 Germany year 2016 1,787.8 1,144.7 3.1 788.9 352.7 - - 643.1 125.7 300.8 15.3 197.6-3.7 0.6 0.8 year 2015 2,322.3 1,486.2 202.4 853.4 430.1 0.1 0.2 836.1 163.1 330.9-333.1-9.0 9.0 11.7 Austria year 2016 25.8 - - - - - - 25.8 25.8 - - - - - - - year 2015 29.7 - - - - - - 29.7 24.7 - - 5.0 - - - - Belgium year 2016 37.3 - - - - - - 37.3 37.3 - - - - - - - year 2015 56.4 - - - - - - 56.4 48.2 - - 8.2 - - - - Czech Republic year 2016 8.1 - - - - - - 8.1 8.1 - - - - - - - year 2015 9.0 - - - - - - 9.0 9.0 - - - - - - - Finland year 2016 14.3 7.9 7.9 - - - - 6.4 6.4 - - - - - - - year 2015 14.5 7.9 7.9 - - - - 6.6 6.6 - - - - - - - France year 2016 177.2 - - - - - - 177.2 150.1 20.7-6.4 - - - - year 2015 272.6 - - - - - - 272.6 239.7 20.7 12.2 - - - - - Great Britain year 2016 309.2 - - - - - - 309.2 273.5 5.6 12.2 17.9 - - - - year 2015 552.9 - - - - - - 552.9 478.7 31.7-42.5 - - - - Hungary year 2016 113.9 - - - - - - 113.9 62.8 51.1 - - - - - - year 2015 119.9 - - - - - - 119.9 67.7 52.2 - - - - - - Italy year 2016 - - - - - - - - - - - - - - - - year 2015 12.2 - - - - - - 12.2 - - - 12.2 - - - - page 4
Cover assets Total thereof Residential Commercial Total thereof Total thereof Apartments Single-and Multiplefamily Buildings Building land Office two-family houses houses under construction Retail Industrial other Buildings commercially under used construction 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 Q1 mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. Luxembourg year 2016 18.0 - - - - - - 18.0 18.0 - - - - - - - year 2015 47.6 - - - - - - 47.6 47.6 - - - - - - - Netherlands year 2016 125.4 - - - - - - 125.4 94.1 11.5-19.8 - - - - year 2015 253.6 - - - - - - 253.6 203.8 11.5-38.3 - - 46.4 44.6 Poland year 2016 213.9 - - - - - - 213.9 112.0 101.9 - - - - - - year 2015 264.2 - - - - - - 264.2 162.3 101.9 - - - - - - Romania year 2016 - - - - - - - - - - - - - - - - year 2015 42.9 - - - - - - 42.9-42.9 - - - - - - Spain year 2016 127.1 - - - - - - 127.1 30.0 86.9-10.2 - - - - year 2015 199.2 - - - - - - 199.2 90.2 86.9-22.1 - - - - Sweden year 2016 14.2 - - - - - - 14.2-14.2 - - - - - - year 2015 14.4 - - - - - - 14.4 - - - 14.4 - - - - USA year 2016 173.2 - - - - - - 173.2 122.2 7.6-43.4 - - - - year 2015 272.9 - - - - - - 272.9 200.8 8.0-64.1 - - - - page 5
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 thereof owed by State Regional Local Other debtors State Q1 mn. mn. mn. mn. mn. mn. Total - all states year 2016 596.9 - - 56.1 471.3 69.5 year 2015 767.7-0.1 108.7 576.3 82.6 Germany year 2016 596.9 - - 56.1 471.3 69.5 year 2015 767.7-0.1 108.7 576.3 82.6 Note: The claims which are granted for reasons of promoting exports will be stated from the second quarter 2015 onwards. Note: The splitting of the cover assets will be stated from the first quarter 2016 onwards. page 6
thereof granted by State Regional Local Other debtors mn. mn. mn. mn. - 2.0 91.4 - - - - - - 2.0 91.4 - - - - - page 7
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 thereof Total thereof State Regional Local Other debtors State Regional Local Other debtors State Q1 mn. mn. mn. mn. mn. mn. mn. mn. mn. mn. Total - all states year 2016 - - - - - - - - - - year 2015 - - - - - - - - - - Germany year 2016 - - - - - - - - - - year 2015 - - - - - - - - - - page 8
Publication according to section 28 para. 1 nos. 4, 5 and 6 Pfandbrief Act Further cover assets - in detail for Mortgage Pfandbriefe Further cover assets for Mortgage Pfandbriefe according to section 19 para. 1 nos. 1, 2 and 3 Pfandbrief Act Total thereof equalization claims according to section 19 para. 1 no. 1 overall claims according to section 19 para. 1 no. 2 thereof Covered Bonds according to Article 129 Regulation (EU) Nr. 575/2013 claims according to section 19 para. 1 no. 3 State Q1 mn. mn. mn. mn. mn. Total - all states Jahr 2016 770.5-91.0-679.5 Jahr 2015 386.0-90.0-296.0 Germany Jahr 2016 670.5-91.0-579.5 Jahr 2015 386.0-90.0-296.0 Austria Jahr 2016 100.0 - - - 100.0 Jahr 2015 - - - - - page 9
Publication according to section 28 para. 1 nos. 4 and 5 Pfandbrief Act Further cover assets - in detail for Public Pfandbriefe Further cover assets for Public Pfandbriefe according to section 20 para. 2 nos. 1 and 2 Pfandbrief Act Total thereof equalization claims according to section 20 para. 2 no. 1 claims according to section 20 para. 2 no. 2 overall thereof Covered Bonds according to Article 129 Regulation (EU) Nr. 575/2013 State Q1 mn. mn. mn. mn. Total - all states Jahr 2016 - - - - Jahr 2015 6.0-6.0 - Germany Jahr 2016 - - - - Jahr 2015 6.0-6.0 - page 10
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 Q1 2015 Outstanding Pfandbriefe ( mn.) 3,152.7 4,175.2 thereof percentage share of fixed-rate Pfandbriefe section 28 para. 1 no. 9 % 93.5 89.1 Cover Pool ( mn.) 3,915.9 4,870.3 thereof total amount of the claims which exceed the limits laid down in 13 para. 1 section 28 para. 1 no. 7 thereof total amount of the claims which exceed the percentage threshold laid down in 19 para 1 no. 2 section 28 para. 1 no. 8 thereof total amount of the claims which exceed the percentage threshold laid down in 19 para 1 no. 3 section 28 para. 1 no. 8 thereof 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.) 49.0 - % 52.6 57.9 CAD - - CHF 16.5 20.0 CZK - - DKK - - GBP 317.3 433.2 HKD - - JPY - - NOK - - SEK 14.9 145.2 USD 180.7 313.4 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 9.1 7.1 % 50.2 41.1 average loan-to-value ratio, weighted using the market value % - - *Change of calculation methodology due to adjustment of PfandBG for Q 2 2015 page 11
Public Pfandbriefe Q1 2015 Outstanding Pfandbriefe ( mn.) 485.6 618.5 thereof percentage share of fixed-rate Pfandbriefe section 28 para. 1 no. 9 % 100.0 100.0 Cover Pool ( mn.) 690.3 767.7 thereof total amount of the claims which exceed the percentage threshold laid down in 20 para 2 section 28 para. 1 no. 8 thereof 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.) - - % 86.0 93.2 CAD - - CHF 65.8 77.0 CZK - - DKK - - GBP - - HKD - - JPY - - NOK - - SEK - - USD - - AUD - - page 12