IKB Deutsche Industriebank Aktiengesellschaft IKB FINANCE B.V.

In the case of
Notes other than
Zero Coupon Notes
insert:
In the case of Zero
Coupon Notes
insert:
The Holder may not exercise such option in respect of any Note which is the
subject of the prior exercise by the Issuer of any of its options to redeem such Note
under this § 5.
(b) In order to exercise such option, the Holder must, not less than [insert Minimum
Notice to Issuer] nor more than [insert Maximum Notice to Issuer] days before the
Put Redemption Date on which such redemption is required to be made as
specified in the Put Notice (as defined below), submit during normal business
hours at the specified office of the Fiscal Agent a duly completed early redemption
notice (“Put Notice”) in the form available from the specified office of the Fiscal
Agent [in the case of Notes listed on the Luxembourg Stock Exchange insert: and
of the Paying Agent (§ 6 (4)) in Luxembourg]. The Put Notice must specify (i) the
principal amount of the Notes in respect of which such option is exercised, and (ii)
the securities identification number of such Notes, if any. No option so exercised
may be revoked or withdrawn. The Issuer shall only be required to redeem Notes
in respect of which such option is exercised against delivery of such Notes to the
Issuer or to its order.]
[[(5)] Early Redemption Amount.
For purposes of subparagraph (2) of this § 5 [in case of Subordinated Notes, insert:
and § 9], the Early Redemption Amount of a Note shall be its Final Redemption
Amount.]
[[(5)] Early Redemption Amount.
For purposes of subparagraph (2) of this § 5 [in case of Subordinated Notes, insert:
and § 9], the Early Redemption Amount of a Note shall be calculated as follows:
(a) The Early Redemption Amount of a Note shall be an amount equal to the sum of:
(i) [insert Reference Price] (the “Reference Price”), and
(ii) the product of [insert Amortisation Yield in per cent.] (the “Amortisation
Yield”) and the Reference Price from (and including) [insert Issue Date] to
(but excluding) the date fixed for redemption or (as the case may be) the date
upon which the Notes become due and payable, whereby the Amortisation
Yield shall be compounded annually.
Where such calculation is to be made for a period which is not a whole
number of years, the calculation in respect of the period of less than a full year
(the “Calculation Period”) shall be made on the basis of the Day Count
Fraction (as defined in § 3).
(b) If the Issuer fails to pay the Early Redemption Amount when due, such amount
shall be calculated as provided herein, except that references in subparagraph
(a)(ii) above to the date fixed for redemption or the date on which such Note
becomes due and repayable shall refer to the date on which payment is made].
[In the case of Index Linked Notes, Instalment Notes or Credit Linked Notes, insert
all applicable provisions regarding principal. The same applies in the case of Dual
Currency Notes.]
§ 6
THE FISCAL AGENT[,] [AND] [THE CALCULATION AGENT] [AND THE PAYING AGENTS]
(1) Appointment; Specified Office. The initial Fiscal Agent [and the Calculation Agent]
and [its] [their] initial specified office[s] shall be:
Fiscal Agent: JPMorgan Chase Bank
Trinity Tower
9 Thomas More Street
GB-London E1W 1YT
[J.P. Morgan Bank Luxembourg S.A.
5, rue Plaetis
L-2338 Luxembourg]
[Calculation Agent:] [insert name and specified office]
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