This website and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy or subscribe for any securities in the United States of America (“U.S.”), Australia, Canada, Japan or in any jurisdiction to persons to whom or in which jurisdiction such offer or solicitation is unlawful. For the avoidance of doubt, securities may not be offered or sold to or for the account or benefit of “U.S. persons” (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")) absent registration or an exemption from registration under the Securities Act. Any securities referred to herein have not been and will not be registered under the Securities Act, or the laws of any state of the U.S., and may not be offered, sold or otherwise transferred in the U.S. absent registration or pursuant to an exemption from registration under the Securities Act. Neither Deutsche Pfandbriefbank AG nor its shareholder intends to register any securities referred to herein in the U.S.

The information set forth on the following web pages must not be forwarded to or distributed in the United States of America, Australia, Canada, Japan or in any jurisdiction to persons to whom or in which jurisdiction such offer or solicitation is unlawful (including, but not limited to, “U.S. persons”). Failure to comply with this directive may result in a violation of the Securities Act or other regulations.

The information set forth on the following web pages does not constitute an offer document or an offer of securities to the public in the U.K. to which section 85 of the Financial Services and Markets Act 2000 of the U.K. applies and should not be considered as a recommendation that any person should subscribe for or purchase any securities as part of an offer.

The information set forth on the following web pages is provided without warranty of any kind.

By selecting the “Continue” button, you warrant:

• that you are physically located outside the United States of America, Australia, Canada, Japan or outside any jurisdiction in which the distribution of such offer or solicitation is unlawful; and
• that you have read the foregoing terms and conditions and acknowledge, understand, accept and agree to be bound by them