Notes

As a globally active company, the Bayerische Hypo- und Vereinsbank Group (the “Bank” or “HVB Group”) prepares its financial statements in accordance with the requirements of the International Accounting Standards Board (IASB).

This gives the Bank’s shareholders and all other interested parties a reliable and internationally comparable basis for evaluating the Bank and its profitability. The Bank’s value-based management is similarly based on these accounting principles.

The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) pursuant to Commission Regulation 1606/2002 of the European Parliament and of the Council of July 19, 2002 within the framework of the EU endorsement, in conjunction with Section 315a of the German Commercial Code (HGB). Besides the standards defined as IFRS, the IFRS also comprise the existing International Accounting Standards (IAS) together with the interpretations of the International Financial Reporting Interpretations Committee (IFRIC) and the former Standing Interpretations Committee (SIC). Section 315a of the German Commercial Code also contains national regulations to be applied by companies active on the capital market alongside the IFRS.

The statement regarding the Corporate Governance Code required by Section 161, German Stock Corporation Act, has been published on the Bank’s website at www.hvb.com/compliance. The Bank’s listed subsidiary DAB Bank AG has posted an equivalent statement on its website.

In addition to the requirements of Section 315 (1, 2), German Commercial Code, Management’s Discussion and Analysis also meets the criteria for a Financial Review set forth in IAS 1. Also incorporated is a risk report pursuant to Section 315, German Commercial Code.

Compliant with Section 264b of the German Commercial Code, the following companies are exempted from the obligation to prepare a management report and disclose their financial statements:

• HVZ GmbH & Co. Objekt KG, Munich
• Salvatorplatz-Grundstücksgesellschaft mbH & Co. OHG Verwaltungszentrum, Munich
• Hypo-Bank Verwaltungszentrum GmbH & Co. KG Objekt Arabellastraße, Munich
• Portia Grundstücks-Verwaltungsgesellschaft mbH & Co. Objekt KG, Munich
• A & T-Projektentwicklungs GmbH & Co. Potsdamer Platz Berlin KG, Munich
• Acis Immobilien- und Projektentwicklungs GmbH & Co. Stuttgart Kronprinzstraße KG, Munich
• Acis Immobilien- und Projektentwicklungs GmbH & Co. Oberbaum City KG, Munich
• Acis Immobilien- und Projektentwicklungs GmbH & Co. Parkkolonnaden KG, Munich
• Delpha Immobilien- und Projektentwicklungs GmbH & Co., Großkugel Bauabschnitte Alpha Management KG, Munich
• Delpha Immobilien- und Projektentwicklungs GmbH & Co., Großkugel Bauabschnitte Beta Management KG, Munich
• Delpha Immobilien- und Projektentwicklungs GmbH & Co. Großkugel Bauabschnitt Gamma Management KG, Munich
• HVB Gesellschaft für Gebäude mbH & Co. KG, Munich
• KHR Projektentwicklungsgesellschaft mbH & Co. Objekt Bornitzstraße I KG, Munich
• Omnia Grundstücks-GmbH & Co. Objekt Ostragehege KG, Munich
• Othmarschen Park Hamburg GmbH & Co. Centerpark KG, Munich
• Othmarschen Park Hamburg GmbH & Co., Gewerbepark KG, Munich
• SOLARIS Verwaltungsgesellschaft mbH & Co. Vermietungs KG, Munich
• Solos Immobilien- und Projektentwicklungs GmbH & Co. Sirius Beteiligungs KG, Munich
• TERRENO Grundstücksverwaltung GmbH & Co. Entwicklungs- und Finanzierungsvermittlungs KG, Munich