Landeskreditbank Baden-Württemberg - L-Bank

Remuneration
For the year ended December 31, 2004, the aggregate amount of the direct remuneration paid by us to
members of our board of management was EUR 1.516 million, to members of our supervisory board EUR 0.155
million and to members of the Advisory Board and its committees (including travel expenses) EUR 0.138
million. In 2004, the aggregate amount of remuneration paid to retired members of our board of management and
their surviving dependents was EUR 0.914 million. Provisions amounting to EUR 11.198 million were set-aside
in 2004 to cover pension liabilities in respect of retired members of our board of management. See also the notes
to our financial statements included in this prospectus.
EMPLOYEES
During 2004, the average number of employees employed by us was 1,107 persons (including part-time
employees and excluding trainees, staff gaining work experience, cleaning and temporary staff). See also the
notes to our financial statements included in this prospectus.
Our employee-related expenses, including salaries and wages, pension contributions and other employee
benefits, amounted to EUR 79.4 million in 2004. We provide various employee benefits, including a noncontributory
pension (supplemental to the statutory pension). Most of our employees are covered by collective
bargaining agreements negotiated with the union VER.DI.
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