28.04.

04

Term Sheet Accrual Swap / Bond for LBB

Start Date Spot, Forward Start or Forward Start with a fixed payment period
at the beginning

Maturity 3 Months up to 15 Years

Currency Euro, USD, GBP

Notional 1.000.000,00 and more

Counterpart A pays

Coupon Floating or Fixed Rate

Spread (in Floating case) ± X bp

Reference (in Floating case) Euribor or Libor

Day count Act/Act, Act/360, E30/360, 30/360 etc.

Adjusted or unadjusted, following or modified following

Roll over 1 Month up to 12 Months

Counterpart B pays (These Cash Flows are the same as the Cash Flows of the un-
derlying Bond / SSD)

Coupon (fixed version) (X% * N), Minimum coupon At % (At ≥ 0,00%)

act/act, unadjusted, following
or

Coupon (floating version) N * (M-Months Euribor + Yt%), Minimum coupon At % (At ≥

0,00%)

Definition of N N equals the number of days on which the reference rate equals
or is higher than Dt% and equals or is below Ut%, divided by the
total number of days within the interest period. At, Yt%, Dt% and
Ut% are variable during tenor. M is 1 Month up to 12 Months.

Interest Interest is calculated only for those days within the interest period
in which the reference rate is within the rate band mentioned
above
For each day, that is a non-Target-business day, the reference
rate shall be the same rate as of the preceding Target-business
day.
Interest is paid on the first Target-business day following the end
of the interest period on a non-compounding basis.
The minimum coupon for each interest period is At %.

Interest period begins on coupon date (included) and ends on the following cou-
pon date (excluded)

 Zins-/Kreditprodukte - Marktanalyse u. Produktentwicklung

Seite(2), 28.04.04

Determination of reference rate Telerate-interest settlement rate for 3-month-EUR-EURIBOR

according to Bridge Telerate-information provider (page 248) at
or about 11.00 a.m. (Brussels Time) as published on screen.

Determination Date of reference two TARGET-business days prior to each day within the cur-
rate rent interest period

Interest Calculation Bankgesellschaft Berlin AG

Agent

Arranger Bankgesellschaft Berlin AG

The NPC-approval should be applied for Bankgesellschaft Berlin, Zins- / Kreditprodukte, Structured
Products Group (London) first, in order to trade these swaps with external counterparts. In a sec-
ond NPC-approval theses structures should be applied for Landesbank Berlin, Berlin and Landes-
bank Berlin London Branch in order to issue theses structures as bonds or loans and to close ac-
crual swaps with external counterparts via Landesbank Berlin, Berlin.

ZINS/KREDITPRODUKTE
MARKTANALYSEUNDPRODUKTENTWICKLUNG

Carlhans Lingemann +49 (0)30 245 61027

Denise Glas +49 (0)30 245 62012