Landeskreditbank Baden-WÃ¼rttemberg - L-Bank

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GENERAL INFORMATION 1. The issue of the notes has been authorized by a resolution dated November 10, 2006 of our Board of Management (Vorstand). 2. Application has been made to list the notes on the Regulated Market of the Luxembourg Stock Exchange. 3. The notes have been accepted for clearance and have been cleared through DTC (Common Code 027532837, ISIN US514890AG70, CUSIP 514890 AG 7 and WKN A0E971). 4. As long as any of the notes are listed on the Luxembourg Stock Exchange, we will make available (without charge) our audited annual financial statements at the offices of Deutsche Bank Luxembourg S.A. (the “Listing Agent”). The audited financial statements for the year 2005 are contained in our Annual Report on Form 18-K, which is incorporated by reference in the Prospectus. The audited financial statements for the year 2004 are contained in the Prospectus starting at page F-1. We do not publish interim financial statements. 5. As long as the notes are listed on the Luxembourg Stock Exchange and the rules of the Luxembourg Stock Exchange so require, all notices relating to the notes will be published in a daily newspaper of general circulation in Luxembourg, which newspaper will normally be the d’Wort. 6. Except as disclosed herein, in the Prospectus and in the Prospectus Supplement, there has been no material adverse change in the financial position or results of operations of L-Bank since December 31, 2005. 7. L-Bank is not involved in, nor does L-Bank have knowledge of any threat of, any legal, arbitration, administrative or other proceedings (whether as defendant or otherwise) the outcome of which is or may be material in the context of the issue of the notes. 8. Deutsche Bank Trust Company Americas will act as principal paying agent (the “Agent”, which is fulfilling all duties of a fiscal agent) in respect of the notes pursuant to an Agency Agreement dated March 22, 2005, as amended by a Supplemental Agency Agreement dated as of November 9, 2006 (the “Agency Agreement”) among L-Bank, the Agent and Deutsche Bank Luxembourg S.A. Deutsche Bank Luxembourg S.A. will act as additional paying agent for the notes. The address of the Agent is 25 DeForest Avenue, MS: 01-0105, Summit, New Jersey 07901, United States. Payment of principal of and interest on the notes will be made in accordance with the terms and conditions of the notes. 9. Copies of this International Prospectus Supplement, the Prospectus Supplement, the Prospectus and the documents referred to in “Where you can find more information” in the Prospectus may be obtained as from the date hereof free of charge at the registered offices of the Listing Agent in Luxembourg. 10. L-Bank’s registered offices are situated at Schlossplatz 10, 76131 Karlsruhe, Germany and L-Bank is registered with the Commercial Register (Handelsregister) in Mannheim, Germany under No. HRA 104441. 11. The notes are represented by one or more global certificates in registered form, which have been deposited on or about November 16, 2006 with Deutsche Bank Trust Company Americas, as custodian for The Depositary Trust Company, New York. For more information, see “Clearing and Settlement” in the Prospectus Supplement. Copies of the global certificates may be obtained as from the date hereof free of charge at the registered offices of the Listing Agent in Luxembourg. L-Bank, having made all reasonable inquiries, confirms that, as of their respective dates, the International Prospectus Supplement, the Prospectus Supplement and the Prospectus contain all information with regard to L-Bank and the notes which is material in the context of the issue of the notes, that the information contained in the International Prospectus Supplement, the Prospectus Supplement and the Prospectus is true and accurate in all material respects and is not misleading, that the opinions and intentions expressed therein are honestly held and that there are no other facts the omission of which makes the International Prospectus Supplement, the Prospectus Supplement and the Prospectus as a whole or any of such information or the expression of any such opinions or intentions misleading; L-Bank accepts responsibility accordingly. IS-2
ISSUER Landeskreditbank Baden-Württemberg – Förderbank Schlossplatz 10 76131 Karlsruhe Germany PRINCIPAL PAYING AGENT c/o Deutsche Bank National Trust Company Global Transaction Banking Trust & Securities Services 25 DeForest Avenue MS: 01-0105 Summit, New Jersey 07901 United States of America ADDITIONAL PAYING AGENT Deutsche Bank Luxembourg S.A. 2 Boulevard Konrad Adenauer 1115 Luxembourg Luxembourg LUXEMBOURG LISTING AGENT Deutsche Bank Luxembourg S.A. 2 Boulevard Konrad Adenauer 1115 Luxembourg Luxembourg LEGAL ADVISORS To the Managers as to United States Law Shearman & Sterling LLP 599 Lexington Avenue New York, New York 10022 United States of America To the Managers as to German Law Shearman & Sterling LLP Gervinusstrasse 17 60322 Frankfurt/Main Germany AUDITORS TO THE ISSUER PricewaterhouseCoopers Aktiengesellschaft Wirtschaftsprüfungsgesellschaft Friedrichstrasse 14 70174 Stuttgart Germany IS-3
Page 1: INTERNATIONAL PROSPECTUS SUPPLEMENT
Page 5 and 6: TABLE OF CONTENTS Use of Proceeds .
Page 7 and 8: EXCHANGE RATE INFORMATION The follo
Page 9 and 10: Maturity, Repurchase Maturity. The
Page 11 and 12: the rules of such stock exchange pe
Page 13 and 14: THE CLEARING SYSTEMS DTC DTC is a l
Page 15 and 16: Cross-market transfers between pers
Page 17 and 18: For the purposes of this provision,
Page 19 and 20: These activities by the managers or
Page 21 and 22: You should rely only on the informa
Page 23 and 24: PROSPECTUS SUMMARY The following su
Page 25 and 26: APPLICATION OF PROCEEDS As may be m
Page 27 and 28: (4) Loans to customers (i.e., non-c
Page 29 and 30: transferred to independent subsidia
Page 31 and 32: Our housing-related activities are
Page 33 and 34: (1) Holdings in companies for strat
Page 35 and 36: Loan Portfolio Risks We maintain a
Page 37 and 38: securities portfolio. In accordance
Page 39 and 40: The following table shows our borro
Page 41 and 42: authorized limits. A daily risk and
Page 43 and 44: MANAGEMENT INFORMATION Introduction
Page 45 and 46: credit institutions increased by 10
Page 47 and 48: To control the risks of unhedged po
Page 49 and 50: RECENT DEVELOPMENTS Development of
Page 51 and 52: MANAGEMENT Board of Management Our
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Wirtsch.-Ing. Bernd Bechtold Presid
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REGULATION AND SUPERVISION OF L-BAN
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non-banking corporations if the use
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Covering Market Risk Positions Mark
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ank, and the aggregate nominal valu
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may at any time change the reserve
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The Entschädigungseinrichtung GmbH
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ECONOMY General Germany The economy
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Industrial Structure General Positi
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The following table shows the amoun
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The Euro-zone follows a mutual mone
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Revenue Equalization While the Germ
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For more detailed information regar
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Outstanding Principal Maturity Amou
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DESCRIPTION OF THE DEBT SECURITIES
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(iv) a waiver by the holders of the
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CURRENCY CONVERSION RATES The follo
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TAXATION UNITED STATES FEDERAL INCO
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number of complete years to maturit
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will equal such U.S. Holder’s ini
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using the constant yield method des
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We have included the federal income
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Capital gains resulting from the di
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SUMMARY OF CERTAIN DIFFERENCES BETW
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The credit risk of the loan and sec
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Under U.S. GAAP, repurchased debt s
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LIMITATIONS ON ACTIONS AGAINST THE
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GLOSSARY This glossary describes ce
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Administrative loans, which are loa
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Depreciation and accumulated amorti
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Landeskreditbank Baden-Württemberg
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Balance sheet as at December 31, 20
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Statement of income for the period
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Notes to the annual financial state
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Authorities of Landeskreditbank Bad
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Proposal of the Board of Management
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FINANCIAL STATEMENTS OF L-BANK AS O
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Landeskreditbank Baden - Württembe
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Directorships held by members of th
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State government deputy representat
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Independent Auditors’ opinion We
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Directorships held by members of th
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Authorities of Landeskreditbank Bad
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Proposal of the Board of Management
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Debt of L-Bank at December 31, 2004
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Debt Securities
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Landeskreditbank Baden-WÃ¼rttemberg - L-Bank

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