COREALCREDIT BANK AG

Table of Contents
SUMMARY ........................................................................................................................................ 6
SUMMARY REGARDING RISK FACTORS................................................................................. 6
SUMMARY REGARDING COREALCREDIT............................................................................. 10
SUMMARY REGARDING THE NOTES..................................................................................... 13
GERMAN TRANSLATION OF THE SUMMARY ............................................................................ 18
ZUSAMMENFASSUNG DER RISIKOFAKTOREN .................................................................... 18
ZUSAMMENFASSUNG DER INFORMATIONEN ÜBER DIE COREALCREDIT ...................... 22
ZUSAMMENFASSUNG IN BEZUG AUF DIE WERTPAPIERE ................................................. 26
RISK FACTORS.............................................................................................................................. 32
RISK FACTORS RELATING TO COREALCREDIT................................................................... 32
RISK FACTORS RELATING TO THE NOTES........................................................................... 35
GENERAL DESCRIPTION OF THE PROGRAMME...................................................................... 43
GENERAL .................................................................................................................................. 43
ISSUE PROCEDURES FOR NOTES IN BEARER FORM........................................................ 44
COREALCREDIT ............................................................................................................................ 46
GENERAL INFORMATION ABOUT COREALCREDIT.............................................................. 46
Legal and Commercial Name................................................................................................ 46
Registration ........................................................................................................................... 46
Date of Incorporation............................................................................................................. 46
Domicile, Address, Telephone Number................................................................................. 46
Legal Form, Legislation......................................................................................................... 46
Statutory Auditors.................................................................................................................. 46
BUSINESS OVERVIEW............................................................................................................. 47
Development ......................................................................................................................... 47
Principal Activities ................................................................................................................. 47
Product range........................................................................................................................ 47
Refinancing ........................................................................................................................... 48
Principal Markets................................................................................................................... 48
Rating .................................................................................................................................... 48
COREALCREDIT's ratings as at 31 December 2011 ........................................................... 49
ORGANISATIONAL STRUCTURE OF COREALCREDIT ......................................................... 49
TREND INFORMATION ............................................................................................................. 50
Statement of No Material Adverse Change........................................................................... 50
Business Development and Outlook for the Year 2012 ........................................................ 50
MANAGEMENT AND SUPERVISORY BODIES........................................................................ 55
Conflicts of Interests.............................................................................................................. 57
MAJOR SHAREHOLDERS........................................................................................................ 57
HISTORICAL FINANCIAL INFORMATION ................................................................................ 57
Accounting Standards ........................................................................................................... 57
2010 Financial Year............................................................................................................... 57
2011 Financial Year............................................................................................................... 57
LEGAL AND ARBITRATION PROCEEDINGS........................................................................... 58
4