Terms and Conditions of Issue pursuant to Article 437 (1) (c) of the CRR

Pursuant to Article 437 (1) (b) of the Regulation (EU) No 575/2013 (Capital Requirements Regulation - CRR), Aareal Bank Group is obliged to disclose a description of the main features of the Common Equity Tier 1 as well as Additional Tier 1 and Tier 2 instruments issued by Aareal Bank AG and its subsidiaries. This information is included in the Regulatory Disclosure Report of Aareal Bank Group.

Moreover, according to Article 437 (1) (c) of the CRR Aareal Bank Group has to disclose the full terms and conditions of all Common Equity Tier 1 as well as Additional Tier 1 and Tier 2 instruments issued. These are listed hereinafter in relation to the year the respective Disclosure Report refers


Additional Tier 1 instruments


Tier 2 instruments