IKB Deutsche Industriebank Aktiengesellschaft IKB FINANCE B.V.

provides together with other banks liquidity facilities to investment companies, for which IKB AG
receives a commission.
Leasing
IKB Leasing GmbH, IKB Leasing Berlin GmbH and IKB Autoleasing GmbH all 100% owned by IKB AG,
focus on equipment leasing operations; their leasing portfolios are dominated by printing machines,
machine tools, injection molding machines, processing centres and industrial lorries, fork lifts and
cars. Activities of IKB Leasing Group also include business in eastern Europe.
IKB Immobilien Leasing GmbH, 50% owned by IKB AG, is active in real estate leasing. Operations
focus primarily on production facilities, office buildings and commercial property. Real estate and
large-scale plant leasing funds are arranged by IKB Structured Assets GmbH.
Organisational Structure
Capital Structure
The issued and fully paid share capital of IKB AG at the date of this Prospectus amounts to
EUR 225,280,000 and is divided into 88 million bearer shares of no par value (Stückaktien), each of
which confers one vote. The largest (indirect) shareholder of IKB AG is KfW (see “Major Shareholders”
below).
The shares of IKB AG have been admitted for trading and official quotation on the stock exchanges of
Berlin/Bremen, Düsseldorf, Frankfurt am Main, Hamburg and Munich and are traded through the
XETRA Trading System and on the unofficial unregulated markets (Freiverkehr) on the stock
exchanges of Hanover and Stuttgart.
Subordinate Status Report
As at 31 March 2005 the German Federal Government held 80% of the shares in KfW. At the last two
annual general meetings of IKB AG KfW was present with voting rights of more than 50% and the
German Federal Government has material influence on the composition of KfW’s administration
board (Verwaltungsrat). Therefore IKB AG is deemed dependent on the Federal German Government
according to German company law.
IKB AG has prepared a subordinate status report for the financial year under review in accordance
with section 312 of the German Stock Corporation Act (Aktiengesetz – “AktG”). According to the final
declaration of the Board of Managing Directors within the subordinate status report, “IKB AG
received appropriate consideration for transactions identified in the report entered into with affiliated
companies. This assessment is based on the conditions known to us at the time of the events subject
to a reporting requirement. No measures subject to reporting requirements within the meaning of
section 312 of the AktG were carried out or omitted.”
Co-operations
The co-operation with IKB Group’s strategic partner KfW continued to focus on Structured Financing
and Lending during the financial year under review. Jointly at financial year ended 31 March 2005
both companies realised financing volumes of 5 558 million, of which IKB accounted for 5 245 million.
In respect of its 100% subsidiary IKB Immobilien Leasing GmbH, Düsseldorf, IKB AG has sold a share
of 50% to KfW with effect of January 01, 2005.
KfW acquired the 50% stake in IKB Immobilien Leasing GmbH for its future subsidiary KfW IPEX
Bank, with a view to further strengthening the cooperation between IKB Group and KfW. This joint
venture provides KfW-IPEX bank with the opportunity to enter into active property lending and structured
big-ticket equipment leasing. The joint subsidiary is thus in a position to explore new client
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