DEPFA Deutsche Pfandbriefbank AG CHF 100,000,000 3.125 ...

GENERAL DESCRIPTION OF THE PROGRAMME
Under the Programme, each of the Issuers may from time to time issue Instruments denominated in any currency agreed
between the relevant Issuer and the relevant Dealer (as defined below).
The maximum aggregate nominal amount of all Instruments from time to time outstanding under the Programme will
not exceed Euro 15,000,000,000 (or its equivalent in other currencies calculated as described in the Dealership
Agreement (as defined below)), subject to increase in accordance with the terms of the Dealership Agreement.
The Instruments will be issued on a continuing basis to one or more of the Dealers specified in the section entitled
"Summary of the Debt Issuance Programme" and commencing on page 8 and any additional Dealer appointed under the
Programme from time to time, which appointment may be for a specific issue or on an ongoing basis (each, a Dealer
and, together, the Dealers). References in this DIP Prospectus to the relevant Dealer shall, in the case of an issue of
Instruments being (or intended to be) subscribed by more than one Dealer, be to all Dealers agreeing to subscribe such
Instruments. The Instruments will be issued in such denominations as may be agreed between the relevant Issuer and
the relevant Dealer, save that the minimum denomination of the Instruments will be, (i) in the case of Instruments to be
admitted to trading on the regulated market of a stock exchange located in a member state of the EEA or publicy offered
in a member state of the EEA, Euro 1,000 or its foreign currency equivalent on the relevant date of issue, and (ii) such
amount as may be allowed or required from time to time by the relevant central bank (or equivalent body) or any laws
or regulations applicable to the relevant Specified Currency (as defined below).
Application has been made to the Commission de Surveillance du Secteur Financier (the CSSF) in its capacity as
competent authority under the Luxembourg Law on Prospectuses for Securities (loi relative aux prospectus pour
valeurs mobilières; the Prospectus Act) transforming the Prospectus Directive into law in Luxembourg for the approval
of this DIP Prospectus pursuant to Article 7.1 of the Prospectus Act, which requires (i) the scrutiny by the CSSF of the
completeness of this DIP Prospectus including the consistency of the information given and its comprehensibility
(Article 7.1 of the Prospectus Act in connection with Article 2.1 (a) of the Prospectus Act), and (ii) the publication of
this DIP Prospectus pursuant to Article 16 of the Prospectus Act.
Accordingly, copies of this DIP Prospectus (and any supplements hereto) will be obtainable, free of charge, from (i) the
registered offices of each of DEPFA Deutsche Pfandbriefbank AG (Ludwig-Erhard-Straße 14, 65760 Eschborn,
Germany) and DEPFA BANK plc (1 Commons Street, Dublin 1, Ireland), and (ii) the specified offices of each of the
Fiscal Agent (Deutsche Bank AG, London Branch, Winchester House, 1 Great Winchester Street, London EC2N 2DB,
United Kingdom), the German Fiscal Agent (DEPFA Deutsche Pfandbriefbank AG, Ludwig-Erhard-Straße 14, 65760
Eschborn, Germany) and the Paying Agents for the time being in Luxembourg (Deutsche Bank Luxembourg S.A., 2
boulevard Konrad Adenauer, L-1115 Luxembourg) and in Switzerland (Credit Suisse, P.O. 300, Uetlibergstraße 231,
8070 Zürich, Switzerland).
Further applications will be made by each of the Issuers to the Luxembourg Stock Exchange for Instruments to be
issued under the Programme to be admitted to trading on the regulated market of the Luxembourg Stock Exchange and
to be listed on the Luxembourg Stock Exchange. Accordingly, this DIP Prospectus is viewable on, and can be obtained
free of charge from, the website of the Luxembourg Stock Exchange, being www.bourse.lu.
References in this DIP Prospectus to Instruments being listed in Luxembourg (and all related references) shall mean
that such Instruments have been admitted to trading on the regulated market of the Luxembourg Stock Exchange and
have been listed on the Luxembourg Stock Exchange. The Luxembourg Stock Exchange's regulated market is a
regulated market for the purposes of Directive 2004/39/EC of the European Parliament and of the Council of 21 April
2004 on markets in financial instruments amending Council Directives 85/611/EEC and 93/6/EEC and Directive
2000/12/EC of the European Parliament and of the Council and repealing Council Directive 93/22/EEC.
Notes and Pfandbriefe may, after notification of this DIP Prospectus in accordance with Article 18 of the Prospectus
Directive, be admitted to trading on the regulated market of any stock exchange located in a member state of the EEA
and/or may be listed on any stock exchange located in a member state of the EEA and/or may be publicly offered within
the EEA, all as may be agreed between the Issuer and the relevant Dealer. Each of the Issuers may also issue unlisted
Instruments and/or Instruments not admitted to trading on any market and/or Instruments not publicly offered.
Each of the Issuers will request the CSSF to provide the Bundesanstalt für Finanzdienstleistungsaufsicht (the BaFin) in
its capacity as competent authority under the German Securities Prospectus Act dated 22 June 2005
(Wertpapierprospektgesetz) transforming the Prospectus Directive into law in Germany with a certificate of approval
attesting in accordance with Article 19 of the Prospectus Act that the DIP Prospectus has been drawn up in accordance
with the Prospectus Act. Each of the Issuers may request the CSSF to provide the competent authorities in additional
member states of the EEA with similar certificates of approval.
6
34