IKB Deutsche Industriebank Aktiengesellschaft IKB FINANCE B.V.

which may have or have had in the recent past significant effects on IKB AG’s or IKB Group’s position
or profitability.
Significant change in IKB Group’s position
Save as disclosed in this Prospectus there has been no significant change in IKB Group’s financial or
trading position since 31 March 2005 up to the date of this prospectus.
Third Party Information and Statement by Expert and Declarations of any interest
The auditor’s reports on IKB Group’s financial statements for the years ended 31 March 2004 and
2005 are incorporated in this Prospectus by reference together with the relevant financial statements
of IKB Group.
Auditors
IKB Finance
KPMG Accountants N.V., Burg. Rijnderslaan 10, 1185 MC Amstelveen
History and Development of IKB FINANCE
With registered offices at Strawinskylaan 3111, 1077 ZX Amsterdam, The Netherlands, IKB FINANCE
B. V. was incorporated under the laws of The Netherlands as a limited liability company for an unlimited
period of time on October 23, 1984. IKB FINANCE is registered under No. 33.179.357 in the Register
of Commerce of Amsterdam.
Business Overview
IKB FINANCE’s activities consist of financing directly and indirectly the activities of its parent company
IKB AG. IKB FINANCE is to exploit the eurobond markets from its Dutch base, responding
opportunistically to investor demand for unsecured issues with an IKB AG guarantee. Proceeds of
such issues are generally on-lent to the parent company although on-lending to other group companies
is also possible.
Organisational Structure
IKB FINANCE is a wholly-owned subsidiary of IKB AG.
Trend Information
Save as disclosed in this Prospectus there has been no adverse change in the position, results or prospects
of operations of IKB FINANCE which is material in the context of the programme or the issue
and offering of instruments thereunder, since the date as at which the most recent audited financial
statements of IKB FINANCE were prepared.
Administrative, Management and Supervisory Bodies
The business and affairs of IKB FINANCE are managed by a Management Board which currently consists
of three members. Two members of the Management Board acting jointly represent IKB
FINANCE vis-à-vis to third parties. A Supervisory Board supervises the business strategy of the Man-
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