COREALCREDIT BANK AG

determined pursuant to, the applicable Final Terms and will be calculated as specified in the
applicable Final Terms.
Maturities
Such maturities as may be agreed between the Issuer and the relevant Dealer(s) and as indicated
in the applicable Final Terms, subject to such minimum or maximum maturities as may be allowed
or required from time to time by the relevant regulatory authority or any laws or regulations
applicable to the Issuer or the relevant Specified Currency.
Any Notes, the proceeds of which are to be accepted by the Issuer in the United Kingdom, which
must be redeemed before the first anniversary of the date of their issue, shall (a) have a
redemption value of not less than GBP 100,000 (or an amount of equivalent value denominated
wholly or partly in a currency other than Sterling), and (b) provide that no part of any such Note
may be transferred unless the redemption value of that part is not less than GBP 100,000 (or such
an equivalent amount).
Redemption
The applicable Final Terms will indicate either that the Notes cannot be redeemed prior to their
stated maturity (except for taxation reasons, or, in the case of Senior Notes (as defined herein)
only, upon the occurrence of an Event of Default) or that such Notes will be redeemable at the
option of the Issuer and/or the Holders upon giving notice within the notice period (if any) indicated
in the applicable Final Terms to the Holders or the Issuer, as the case may be, on a date or dates
specified prior to such stated maturity and at a price or prices and on such terms as indicated in
the applicable Final Terms. Also, the Notes may be early redeemable in an event set out in the
Terms and Conditions of the Notes.
Any Notes, the proceeds of which are to be accepted by the Issuer in the United Kingdom, which
must be redeemed before the first anniversary of the date of their issue, shall (a) have a
redemption value of not less than GBP 100,000 (or an amount of equivalent value denominated
wholly or partly in a currency other than Sterling), and (b) provide that no part of any such Note
may be transferred unless the redemption value of that part is not less than GBP 100,000 (or such
an equivalent amount).
Pfandbriefe and Tier 3 Subordinated Notes will not in any event be capable of being redeemed
prior to their stated maturity for taxation reasons or at the option of their Holders.
Taxation
Payments of principal and interest in respect of the Notes will be made without withholding or
deduction for or on account of any present or future taxes or duties of whatever nature imposed or
levied by way of deduction or withholding at source by or on behalf of the Federal Republic of
Germany and the country in which the Issuing Branch of the Issuer is located, or any political
subdivision or any authority thereof or therein having power to tax unless such withholding or
deduction is required by law. In such event, the Issuer will pay such additional amounts as shall be
necessary in order that the net amounts received by the Holders of the Notes after such
withholding or deduction shall equal the respective amounts of principal and interest which would
otherwise have been receivable in respect of the Notes in the absence of such withholding or
deduction, subject to the exceptions set out in the Terms and Conditions of the Notes.
Pfandbriefe and Tier 3 Subordinated Notes will not provide for the obligation of the Issuer to pay
such additional amounts in the event of taxes or duties being withheld or deducted from payments
of principal or interest as aforesaid.
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