Public-sector Pfandbrief

Graphical presentation of the public-sector cover pool as of 31 March 2008

Public-sector cover pool: Borrower

*Split by German Federal States North Rhine-Westphalia Lower Saxony Baden-Württemberg Bavaria Rhineland-Platinate Hesse Thuringia Saxony-Anhalt Schleswig-Holstein Berlin Hamburg Brandenburg Joint Federal States  Saarland

28.5% 17.7% 12.3% 11.8% 10.4%   8.6%   2.5%   2.1%   1.2%    2.7%   1.0%   0.5%   0.5%   0.2%

* thereof more than 80% at least AA Rating by Moody's, S&P or internal rating

Public-sector cover pool: Risc