[Luxemburg, 1 July 2010] The Board of Directors of IKB International S.A. has prepared the Bank’s annual financial statements for the 2009/10 financial year ended 31 March 2010 and submitted them to its General Meeting for approval. The preparation of the annual financial statements means that the conditions for calculating the loss participation of the silent partner contribution of IKB S.A. that ended on 31 March 2010 and the silent partner contribution due for repayment on 17 November 2010 have now been defined. These are explained below.

The annual financial statements for the 2009/10 financial year report a loss before loss participation by silent partner contributions of € 0.252 million. As a consequence of this loss, the contribution amounts of the silent partner contributions reduced on account of prior loss participation cannot be replenished and the profit participations of the silent partner contributions scheduled for payment on 17 November 2010 have been cancelled in line with the terms and conditions.

The silent partner contributions are repackaged by way of the following issues of silent partnership certificates by Deutsche Bank Luxembourg S.A. as fiduciary under Luxembourg law:
 

The cancellation of profit distributions for the silent partnership interests is accompanied by the cancellation of the corresponding distributions on the silent participation certificates.

Given the loss at IKB S.A., the contribution amounts of the silent partnership interests will be reduced further. The loss participation is calculated in line with the respective contractual terms. The reduction of the contribution amounts of the silent partnership interests also means that the repayment claims from the silent partnership certificates on 17 November 2010 will be reduced.

Based on the financial statements for 2009/10, the repayment amounts after loss participation are as follows:
 

Listed silent participation certificates relating to IKB International S.A.