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EquityStory AG
DGAP-News: IKB AG with Preliminary figures for financial year 2008/09 - Loss participation of profit participation certificates, silent partnership ce
Freitag 3. Juli 2009, 20:36 Uhr

IKB Deutsche Industriebank AG / Final Results

03.07.2009

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG (Xetra: 549416 - Nachrichten) . The issuer / publisher is solely responsible for the content of this announcement.
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IKB (Xetra: 806330 - Nachrichten) 's Board of Managing Directors has prepared the preliminary
figures for the financial year 2008/09 (1 April 2008 to 31 March 2009) for IKB AG pursuant to the German Commercial Code (HGB). All the figures stated below have not yet been formally stated by the Board of Managing Directors or audited and remain preliminary until approved by the Supervisory Board.

The preliminary annual loss for 2008/09 of IKB AG amounts to EUR 861 million (German GAAP, 'HGB'). This is essentially due to losses on portfolio investments, the higher allowance for losses on loans and advances due to current economic circumstances and write-downs for the liquidation of subsidiaries as required by the EU. After taking into account the loss participation of profit participation certificates, silent partnerships, the loss carryforward from the previous year and the dissolution of retained earnings of EUR 502 million, the reported balance sheet loss will amount to EUR -1,380 million. The Tier I capital ratio of IKB AG amounts to 8.3% as at the of financial year 2008/09.

The calculation of the loss participation in profit participation certificates (Genussscheine) and silent partnership certificates (Stille Beteiligungsscheine) was performed on the basis of the annual net result of IKB AG. The instruments affected by a capital reduction or the default of interest (including Trust Preferred Securities in addition to the above instruments) are presented in detail in the notes.

Certain profit participation certificates participate in the losses based on the net loss for 2008/09 (EUR -861 million); these instruments bear losses of EUR 43 million, resulting in a gross balance sheet deficit of EUR -819 million.

For the remaining profit participation certificates and the silent partnership certificates, the loss participation amount is determined by reference to the balance sheet loss adjusted for the reversal of retained earnings (EUR 502 million) of EUR 316 million; these therefore bear a pro rata share of EUR 49 million in the loss for the financial year 2008/09.

In addition, two profit participation certificates and the silent partnership certificates participate in the loss carryforward from the previous year (EUR -1,276 million) in line with the terms and conditions of their issue. This results in a further loss participation of EUR 164 million for these four instruments.

Table 1: Profit Participation Certificates issued by IKB AG

Maturity/ISIN/Total repayment amount before loss participation in EUR / Denomination to original nominal amount before loss participation in EUR / Repayment amount per item after loss parti-cipation 2007/08 in EUR / Repayment amount per item after loss participation 2008/09 in EUR

2009 DE0008063348 102,258,376 51.13 24.64 17.29 2010 DE0008063330 20,000,000 20,000,000.00 9,638,490.00 6,764,087.24 2012 DE0002730793 100,000,000 100.00 48.19 33.82 2012 DE0002730801 74,500,000 100.00 48.19 33.82 2015 DE0002731197 30,000,000 100.00 52.72 17.53 2017 DE0002731429 50,000,000 1,000.00 527.17 457.30 2017 DE0002731569 70,000,000 50,000.00 26,358.25 22,865.15 2015 DE000A0GF758 (ProPart Funding) 150,000,000 50,000.00 26,358.25 8,766.12

Table 2: Silent Partnerships in the commercial enterprise (Handelsgewerbe) of IKB AG, repackaged by way of securities issued by Capital Raising GmbH and Hybrid Raising GmbH

Maturity / ISIN / Total book value of the silent partnership interest before loss participation in EUR / Repayment amount per security before loss participation in EUR / Repayment amount per security after loss parti-cipation 2007/08 in EUR / Repayment amount per security after loss parti-cipation 2008/09 in EUR

Open DE0007490724 (Capital Raising) 200,000,000 100.00 52.72 17.53 Open DE000A0AMCG6 (Hybrid Raising) 200,000,000 100.00 52.72 17.53

Under certain circumstances set out in the terms and conditions of the profit participation certificates and the silent partnership certificates, the reduced repayment claims of the profit participation certificates and the book value of the silent partnerships may be replenished in future periods. If such a claim were to arise in a financial year, this would reduce the balance sheet profit available for distribution for the financial year in question.

In addition, under certain circumstances regulated in the terms and conditions of the profit participation certificates (including those securitised by the ProPart Funding LP securities), a claim on the part of the bearers of profit participation certificates to repayment of deferred interest can arise in future years, which would then also reduce the balance sheet profit available for distribution for the financial year in question. With respect to the remaining securities set out herein, however, the interest shortfall will be final.

Düsseldorf, 3 July 2009

Schedule: Securities participating in losses by way of deferral of interest/distributions Issuer Financial Instrument Maturity ISIN Exchange IKB AG Profit participation certificates 2009 DE0008063348 Düsseldorf: Regulated market IKB AG Profit participation certificates 2010 DE0008063330 Unlisted IKB AG Profit participation certificates 2012 DE0002730793 Berlin, Düsseldorf: Regulated market Frankfurt, Hamburg, Stuttgart: Unregulated market (Freiverkehr) IKB AG Profit participation certificates 2012 DE0002730801 Berlin und Düsseldorf: Regulated market Frankfurt, Hamburg, Stuttgart: Unregulated market (Freiverkehr) IKB AG Profit participation certificates 2015 DE0002731197 Düsseldorf: Regulated market Frankfurt, Stuttgart: Unregulated market (Freiverkehr) IKB AG Profit participation certificates 2017 DE0002731429 Düsseldorf: Regulated market Frankfurt, Stuttgart: Unregulated market (Freiverkehr) IKB AG Profit participation certificates 2017 DE0002731569 Düsseldorf: Regulated market and Unregulated market (Freiverkehr) Frankfurt, Stuttgart: Unregulated market (Freiverkehr) Capital Raising GmbH Bond issued 2002 Open DE0007490724 Frankfurt, Euronext (Paris: NL0000290641 - Nachrichten) Amster-dam: Regulated market Hybrid Raising GmbH Bond issued 2004 Open DE000A0AMCG6 Frankfurt, Euronext Amster- dam: Regulated market: ProPart Funding LP Dated Upper Tier 2 Securities 2015 DE000A0GF758 Irish Stock Exchange: Main Market Luxemburg: Regulated market IKB Fun- ding Trust I Trust Preferred Securities Open DE0008592759 Frankfurt: Regulated market Vienna: Official market IKB Fun- ding Trust II Trust Preferred Securities Open XS0194701487 Euronext Amsterdam: Regulated market Frankfurt: Unregulated market (Freiverkehr)

Dr. Jörg Chittka, Tel. +49 (0)211 8221-4349, Volker Rapp Tel. +49 (0)211 8221-3043; Email: investor.relations@ikb.de

03.07.2009 Financial News transmitted by DGAP


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Language: English Issuer: IKB Deutsche Industriebank AG Wilhelm-Bötzkes-Straße 1 40474 Düsseldorf Deutschland Phone: +49 (0)211 8221-4511 Fax: +49 (0)211 8221-2511 E-mail: investor.relations@ikb.de Internet: www.ikb.de ISIN: DE0008063306, DE000A0JQCE3,, DE000A0SMNZ5 WKN: 806330, A0JQCE,, A0SMNZ Listed: Regulierter Markt in Berlin, Frankfurt (General Standard), München, Hamburg, Düsseldorf; Freiverkehr in Hannover, Stuttgart of News DGAP News-Service
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