Euro 25,000,000,000 Debt Issuance Programme - Münchener ...

Trend Information
Statement of “No Material Adverse Change”
There has been no material adverse change in the prospects of MünchenerHyp since 31 December
2005 (the date of the last available audited annual financial statement).
There are no informations on already-known trends, uncertainties, demand, obligations or events
which probably could materially negative effect the prospects of MünchenerHyp at least in the current
fiscal year 2006.
Management and Supervisory Bodies
MünchenerHyp´s governing bodies are the Board of Management, the Supervisory Board and the
General Meeting of members (Vertreterversammlung). The responsibilities of these various governing
bodies are prescribed in the German Cooperative Society Act (Genossenschaftsgesetz) and in
MünchenerHyp´s articles of association.
Board of Managing Directors
Pursuant to the articles of association, the Board of Managing Directors consists of at least two
members. The Supervisory Board is responsible for determining the number of members of the Board
of Managing Directorsand their appointment.
The Board of Managing Directors currently consists of the following persons:
Name Responsibilities within
MünchenerHyp eG
Erich Rödel
Member of the Board of Management
(spokesman)
Friedrich Munsberg
Member of the Board of Management
Dr. Bernhard Scholz
Member of the Board of Management
42
By division:
Sales Verbund domestic,Accounting,
Taxation Controlling, Staff, Auditing,
Marketing, Communication, Legal and
additional regional responsibility within
the Republic of Germany
By division:
Direct Business commercial customers
domestic/abroad, Capital Market and
Treasury Municipal Financing, Credit
Treasury Real Estate and Services,
Compliance and additional regional
responsibility within the Republic of
Germany
By division:
Mortgaging, Workout-Management,
Transaction Management,
IT/Organization, Service-Team, Credit-
Secretary, Data-management and
additional regional responsibility within
the Republic of Germany
Principal activities outside of
MünchenerHyp eG –
31 December 2004
Member of the supervisory board of
Bayerische Landessiedlung GmbH,
Munich until 19 May 2006.
MünchenerHyp is represented by two members of the Board of Managing Directors or by one member
of the Board of Managing Directors acting jointly with a commercial attorney-in-fact (Prokurist).
Supervisory Board
Pursuant to MünchenerHyp´s articles of association, the Supervisory Board consists of minimum
7 members, who are to be elected by the General Meeting. Nominations, which may only be submitted
in writing by the members, must be received by the Board of Management no later than on the third
bank working day prior to the General Meeting.
The Supervisory Board currently consists of the following persons:
Name Principal activity as of 31 December 2005
Prof. Dr. Willibald J. Folz
Chairman of the Supervisory Board
Attorney
none
none