SUMMARY

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• SUMMARY

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Why invest in Kommunalkredit?
Success by special strategy main focus on the
Public Sector Strong market share in our core
business Public Sector Lending - a low risk
activity Good asset quality reflected by low
level of write-offs 0.01 write-offs
Part of our activities are Trust Management,
Consulting Assignments for the Public Sector,
managing of promotional business High
profitability through the application of
innovative special products (e.g. Structured
Finance, Cross-Border-Lease) European niche
player with strong support through cooperation
with DEXIA
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Why invest inKommunalkredit Covered Bond?

• Opportunity to acquire AAA rated investment
• The cover pool consists of Public Sector assets
  only
• (government, provinces, municipalities)
• Austria represents strong credit with stable
  AAA Rating
• During the history (since 1905) of Austrian
  Covered Bonds no
• default occurred and since 1945 no insolvency
  in the Public
• Sector of Austria
• Coverage process ensures protection of
  principal plus accrued
• interest at any time
• Independent supervision of cover pool by
  authorities and
• auditor
• Excellent senior unsecured rating of
  Kommunalkredit (Aa3/AA-)