Корпоративное действие EUROPEAN FINANCIAL 12/03/13 — offer

Information source: depositary, deutsche bank ag, frankfurt

Purpose of the offer

To purchase for cash up to eur 10,000,000 principal amount of
Notes subject to proration

Purchase price

Tender consideration: eur 9.9 per eur 10

Accrued and unpaid interest

Accrued and unpaid interest will be paid from 12/03/2012 up to ,
But not including, the settlement date.

Minimum exercise amount

You need to tender in a minimum denomination of eur 10 and in
Multiples of eur 10 in excess thereof, in order to validly submit
An instruction for the offer.

Minimum aggregate offer acceptance amount

The tender offer is not conditional on a minimum aggregate amount
Of securities being tendered.

Maximum aggregate offer acceptance amount

The offeror is offering to purchase up to eur 10,000 ,000
Aggregate amount of the outstanding securities (the ’tender cap’).

Proration

If the total amount instructed for the tender offer exceeds the
Tender cap (see maximum aggregate offer acceptance amount ), the
Instructions to tender will be subject to proration

Poolfactor

Not applicable.

Market timetable

Market expiry date: 22/05/12
Market withdrawal date: 22/05/12
Expected late settlement date: 25/05/12

Withdrawal rights

Instructions for the tender offer may be withdrawn until 22/05/ 12.

Conditions

Refer to the tender offer documentation for the conditions of
This tender offer.

Restrictions

The offer is being implemented solely in accordance with german
Law. The offer is not made or intended to be made pursuant to the
Provisions of any jurisdiction other than the federal republic of
Germany.

No announcements, registrations, admissions, or approvals of the
Offer document and or of the repurchase offer were
Applied for or initiated outside of the federal republic of
Germany

The mailing, dissemination, or distribution of the offer document
Or other information materials can be subject not only to the
Regulatory requirements of the federal republic of germany but
Also to those of other jurisdictions.

Persons who come into possession of the offer document outside of
The federal republic of germany or who wish to accept the offer
And are subject to applicable capital market or securities laws
And regulations other than those of the federal republic of
Germany are requested to seek information about and comply with
Such capital market or securities laws and regulations

The offeror makes no guarantee, neither explicitly nor
Implicitly, that the mailing, dissemination or distribution of
The offer document or the acceptance of the purchase offer is in
Compliance with the laws and regulations of a jurisdiction other
Than that of the federal republic of germany

Irrespective of the fact that as a result of the publication of
The offer document on the internet, the offer document can be
Accessed globally, the offer document and other documents
Connected with the offer may not be dispatched to, or
Disseminated, distributed or published in, countries in which
Such dispatch, publication, distribution or dissemination would
Be illegal

There may be country specific legal, investment/other
Restrictions. Investors should consult their advisers / lawyer /
Brokers regarding such restrictions

Further restrictions may apply. Refer to the offer documentation
For the restrictions of this tender offer

Offeror

Should you have any question, please contact the offeror at:
Deutsche balaton aktiengesellschaft, ziegelhauser landstrabe 1,
69120 heidelberg,
Telephone: +49 6221 649240,
Telefax: +49 6221 6492424,
E-mail: info(at)deutschebalaton.de.