Value of mortgage Loan pool Real Estate Assets in Millions Euro Mortgage Pfandbriefe in Circulation in Millions Euro Over- collateralisation in Millions Euro Nominal 8,143 7,134 1,009 NVP 8,773 7,628 1,145 rising yields *) 8,347 7,324 1,023 falling yields *) 8,799 7,784 1,016 *) dynamic simulation according to German Pfandbrief Act Date: 09/30/2011