Investitionsbank des Landes Brandenburg (ILB) was established on 31 March 1992 as an institute incorporated under public law.

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1 / Englisch / Facts and Figures Facts and Figures Investitionsbank des Landes Brandenburg Investitionsbank des Landes Brandenburg (ILB) was established on 31 March 1992 as an institute incorporated under public law. As the central investment and development bank of the federal state of Brandenburg, we operate in the business, infrastructure and housing sectors. We cooperate closely with savings banks as well as cooperative and private banks. Since 1 January 2013, the Board has been made up by Mr Tillmann Stenger (Chairman), Ms Jacqueline Tag and Ms Gabriela Pantring. The federal state of Brandenburg and NRW.Bank each hold a 50% stake in ILB. Investment and development business in general ILB's investment and development business includes the execution of support programmes in behalf of the federal state of Brandenburg as well as ILB's own products in the business, infrastructure and housing sectors. In 2012, ILB pledged almost half of the promotional funds for the business sector. The second most important support area is infrastructure (36 percent), followed by housing (16 percent). Investitionsbank des Landes Brandenburg (ILB) can look back on a successful financial year The bank's result and the result of the bank's investment and development business were on the same high level as during the previous years. The support portfolio was fully utilised by enterprises, municipalities and the housing sector. ILB's support loans, which are issued via the customers' banks and savings banks, were in particularly high demand, as were grants for the commercial sector and loans for financing housing projects. In 2012, ILB approved loans and grants totalling 1.04bn for a total of 3,843 projects. The ongoing expansion of ILB's products continues. Their share totals 631m or 61 percent of total commitment. This trend increases year by year both in terms of the number of projects supported and in terms of commitment volume. Development of the bank's result Balance sheet sum 13.1bn 13.0bn 12.1bn Net income for the year 11.6m 11.2m 5.9m Allocation to the ILB promotional fund Employees (as per 31 Dec.) 10.0m 10.0m 10.0m This preliminary annual balance sheet for the year 2012 shows that ILB managed to continue the positive trend of previous years. The balance sheet sum of 13.1bn was on the same high level as for the previous year. ILB will be able to increase liable equity by around 26m to 420m. After 2011, the bank has thus taken another important step towards fulfilling the equity requirements, which are set to become more restrictive in the future, without 2016 ILB Seite 1 von 6

2 having to rely on external resources. In the previous year, ILB had already increased its visible equity by a total of 125m. In 2012, the business development bank recorded a very good result of 53.2m both before and after risk provisions and the formation of reserves. The ILB promotional fund, which was created with the aim of lowering interest rates of the Brandenburg loan family, will be increased in 2013 by 10m to a total of then 57.5m. Thanks to the ILB promotional fund, ILB will be able to offer particularly low-interest promotional loans to mediumsized enterprises, the agricultural sector, as well as municipalities and the housing sector. Promoting Brandenburg Development of business support activities ILB's business support activities includes the execution of support programmes on behalf of the federal state of Brandenburg as well as offering ILB's own products in the business, infrastructure and housing sectors. ILB recorded a good 2012 financial year despite a difficult market environment. The bank pledged funds of more than one billion euros for 3,843 projects. Business support activities thus remained on the same high level as in previous years. Enterprises, municipalities and the housing sectors made full use of the support and promotional funds on offer in ILB's support loans, which are issued via customer banks and savings banks, were in particularly high demand, as were grants for the commercial sector. ILB pledged almost half of its promotional funds for the business sector. The second most important support area was infrastructure with 36.0 percent, followed by housing with 16.3 percent. Two thirds of promotional funds were made available as loans, the balance as grants. In the business sector alone, promotional funds of 495.7m triggered investment of more than 1.2bn in This also meant the creation of 2,000 new and the protection of 23,500 existing jobs. This positive result was achieved despite the special boundary conditions that prevailed in 2012: The current funding period of the European Regional Development Fund (ERDF) will come to its scheduled end in 2013 so that part of these funds have already been earmarked. Accounts for the measures supported will have to be rendered by the end of 2014 so the number of new major projects launched in 2012 was smaller than in previous years. Other influences included amendments to the Energy Feed Law and lower demand for biogas and biomass plants. ILB is expanding its role as the central investment and development bank of the federal state of Brandenburg. It does so by including an increasing number of self-funded programmes in its portfolio of promotional and support activities in the form of management services. In 2012, the share of ILB products, including KfW loan forwarding business, totalled 631.0m and hence accounted for 60.7 percent of overall approval volume. The share of ILB products increased continuously in terms of the number of projects supported and in terms of commitment volume. ILB's Brandenburg loans In order to make the terms and conditions for promotional and support offerings in Brandenburg even more attractive, ILB has established a promotional fund fed by its own revenues that enables low-interest loans to e granted as part of the "Brandenburg loan" family. From its 2012 revenues, the bank allocated another 10m to the fund which thus records a total volume of 57.5m so far. With this fund, ILB makes available to medium-sized enterprises, farmers, municipalities and the housing sector parts of the revenue which the bank has generated. The continuous expansion of ILB products will continue and increasingly supplement the federal state's business promotion policy. The volume of promotional funds pledged under the Brandenburg loan family totalled 274.5m in 2012 and was thus 31.1m higher than in the previous year. Since the introduction of the Brandenburg loan brand, ILB has approved more than 3,300 Brandenburg loans representing a volume of around 1.5bn and contributed additional funds from its promotional funds in order to enable lower interest rates ILB Seite 2 von 6

3 Business ILB supports commercial enterprises, start-ups and freelancers as well as media businesses and farmers. Customers are, first and foremost, the Ministries for Economic and European Affairs as well as Ministries for Infrastructure and Agriculture of the federal state of Brandenburg. In addition to funding offered within the scope of support programmes and business promotion guidelines, ILB also offers its own range of products. As a partner of the federal state of Brandenburg, ILB once again supported the implementation of the federal state's political aims in These include not just support for start-ups and existing medium-sized enterprises, but also measures to strengthen industrial kernels in Brandenburg. ILB's role is very versatile in this field and starts as early as during the start-up phase: Together with Investitionsbank Berlin (IBB), ILB organises Deutsche Gründer- und Unternehmertage (degut), one of Germany's largest trade shows for start-ups and founders. Furthermore, ILB has joined forces with IBB and Unternehmensverbände in Berlin und Brandenburg (UVB) to organise the Berlin-Brandenburg business plan competition (BPW) and additionally advises Lausitzer Existenzgründerwettbewerb (LEX) as a start-up and founder competition. In 2012, more than 7,400 people availed themselves of these start-up initiatives "Brandenburg loan" product family (from ILB funds) "Renewable energies" Brandenburg loan 91.6 Brandenburg loan for rural areas 83.1 Brandenburg loan for municipalities 39.3 Brandenburg loan for medium-sized enterprises 39.2 Brandenburg loan for energy-efficient residential buildings Brandenburg mezzanine loan (from ILB and ERDF funds) Promotional funds in m Brandenburg micro loan 0.3 ILB supports existing enterprises in the region within the scope of business management services and additionally offers an increasing number of its own products fed from ILB's own promotional fund. The bank is thus making an important contribution towards implementing the strategic change in the federal state of Brandenburg to repayable promotional funds for enterprises. As a result of its economic policy, the federal state of Brandenburg managed to keep employment on a stable level in With a current self-employment rate of 12.8 percent, the federal state of Brandenburg once again ranks number one among the east German federal states and is above the national average. ILB was able to pledge in full the volume of funds earmarked by the federal state for business promotion in 2012, i.e. a sum of 242.5m. The funds pledged totalled 495.6m and 2,065 projects were supported. ILB products accounted for 253.2m, i.e. more than half of the volume of funds pledged in The common task "improvement of regional economic structure" (GRW-G) was once again the largest programme for promoting commercial business in Brandenburg. The budget funds available from the ERDF, the federal government and the federal-state government totalling 141.4m were fully approved and pledged by ILB, thereby enabling capital investment of 677.6m. This means that conventional grant business will continue to be supplemented by junior loans from ERDF funds. First reflows of ERDF funds were already generated and will be used again to strengthen mediumsized enterprise structures in the federal state of Brandenburg. Business support schemes to promote efficient energy use, to open up markets, for consolidation and site strengthening measures as well as for networks and innovative founders and start-ups were in strong demand. Support volumes pledged by ILB were sometimes more than twice as high as in the previous year ILB Seite 3 von 6

4 The support volume of 25.1m in 2011 from the European Agricultural Fund for investment projects by individual farmers increased to The investment volume rose significantly against the previous year, i.e. from 86.1m to 125.6m. ILB supports existing enterprises in the region within the scope of business management services and additionally offers an increasing number of its own products fed from ILB's own promotional fund. The bank is thus making an important contribution towards implementing the strategic change in the federal state of Brandenburg to repayable promotional funds for enterprises. As a result of its economic policy, the federal state of Brandenburg managed to keep employment on a stable level in With a current self-employment rate of 12.8 percent, the federal state of Brandenburg once again ranks number one among the east German federal states and is above the national average. ILB was able to pledge in full the volume of funds earmarked by the federal state for business promotion in 2012, i.e. a sum of 242.5m. The funds pledged totalled 495.6m and 2,065 projects were supported. ILB products accounted for 253.2m, i.e. more than half of the volume of funds pledged in The common task "improvement of regional economic structure" (GRW-G) was once again the largest programme for promoting commercial business in Brandenburg. The budget funds available from the ERDF, the federal government and the federal-state government totalling 141.4m were fully approved and pledged by ILB, thereby enabling capital investment of 677.6m. This means that conventional grant business will continue to be supplemented by junior loans from ERDF funds. First reflows of ERDF funds were already generated and will be used again to strengthen medium-sized enterprise structures in the federal state of Brandenburg. Business support schemes to promote efficient energy use, to open up markets, for consolidation and site strengthening measures as well as for networks and innovative founders and start-ups were in strong demand. Support volumes pledged by ILB were sometimes more than twice as high as in the previous year. The support volume of 25.1m in 2011 from the European Agricultural Fund for investment projects by individual farmers increased to The investment volume rose significantly against the previous year, i.e. from 86.1m to 125.6m. Technology support programmes fared as expected. The portfolio for research and development projects at small and medium-sized enterprises (SMEs) was reorganised in May The new rules led to a slight decline in the number of new applications and in the volume of funds pledged. The "ProViel" programme increased more than four-fold against the previous year, so that a volume of 1.2m was pledged. The volume of promotional funds under the "innovation voucher" programme increased significantly compared to Berlin-Brandenburg is Germany's top film location. Every year, more than 300 films are produced in the region. Media promotion and support programmes are thus of particular relevance for ILB. On behalf of the federal states of Berlin and Brandenburg, ILB, in its capacity as a trustee for Medienboard Berlin-Brandenburg GmbH, manages the promotional measures of the film support fund. In 2012, support and promotional funds made available through Medienboard Berlin-Brandenburg GmbH totalled 26.8m and hence remained flat against the previous year. Although funds pledged under the programme for the intermediate financing of film and TV productions fell from 14.6m in 2011 to 10.5m in 2012, the number of projects supported with these funds totalled 28 and was hence significantly higher than in the year before. Gap financing designed to bridge financing gaps in film and TV projects, where ILB shares risks on a pro-rata basis, remained largely on the same level as in the previous year. When it comes to cooperating with the applicants' banks, ILB's cooperation with banks from all groups was competition-neutral. Cooperation with savings banks in the federal state is of special importance. The bank acts as the lead institute and handles and executes promotional programmes by KfW Bankengruppe. In 2012, ILB pledged 25.8m in KfW loans for businesses to be distributed through savings banks in Brandenburg. In 2012, ILB's equity capital firms once again did much to support equity financing of growth and innovation orientated enterprises in Brandenburg. The money for the funds created on behalf of the Ministry for Economic and European Affairs are made available through the ERDF (75 percent) and the federal state of Brandenburg (25 percent), providing SMEs with additional possibilities to raise equity. Around 450 jobs were created or secured with investment facilitated by the funds. Out of funds from BFB Wachstumsfonds Brandenburg GmbH, ILB has already pledged 25.0m for 19 enterprises, including 5.2m for 13 financing projects in Frühphasenfonds Brandenburg was launched in Since then, 12.5m has been approved from the fund to finance a total of 14 participations, including 2.5m for three enterprises in The Brandenburg mezzanine loan additionally provides SMEs with equity-near junior loans. In 2012, ILB pledged seven mezzanine loans representing a total volume of 6.5m. In addition to its portfolio of funds, ILB also structures and finances important projects for the 2016 ILB Seite 4 von 6

5 federal state of Brandenburg. In order to fulfil these tasks, ILB has established property companies which promote the development of selected real property projects and sites in the federal state of Brandenburg. Infrastructure ILB supports projects by municipalities, special-purpose municipal associations and enterprises as well as social, scientific, cultural and educational institutions. Customers include, first and foremost, the Ministries of Education, Youth and Sports, as well as Science, Research and Culture and the Ministry of Infrastructure and Agriculture of the federal state of Brandenburg. ILB also offers its own promotional products and supports the promotional policy of Brandenburg in the field of infrastructure. Education, science and research are focal political areas. Promotional activities on behalf of the federal state government focused on the further development of scientific infrastructure, intensification of science and technology transfer, capacity building in research and development as well as the provision of municipalities with sufficient care facilities for children under the age of three. In 2012, ILB once again supplemented the promotional funds provided on behalf of the federal state with low-interest loans as part of the Brandenburg loan programme for municipalities. These enable municipalities and special-purpose municipal associations, for instance, to implement science projects as well as measures for further development and site development programmes. ILB also provided finance for social projects, for instance, in the hospital sector. Business support activities for infrastructure projects fared nicely in A total sum of 374.9m was pledged, 10.0m more than in The volume of promotional funds committed on behalf of the ministries declined against the previous year. This was mainly due to the fact that the current ERDF funding period is coming to an end. In contrast to this, the volume of ILB promotional products increased significantly from 192.7m in 2011 to in ILB products thus accounted for almost two thirds of the total volume of promotional funds in With 28.7m, the "common task for the development of business-related municipal infrastructure" (GRW-I) once again accounted for the largest volume of programmes managed whilst among the ILB products, infrastructure financing programmes totalled 107.6m and thus represented the largest promotional volume. Promotional and support measures for science, research and culture totalled 20.3m and were hence flat against the previous year. Especially the number of projects supported by programmes to promote knowledge and technology transfer as well as e-knowledge and e-learning increased against The volume of promotional funds under the university investment programme remained below the previous year's level because the approval moratorium of the federal state was not lifted until October Promotional funds for agricultural research sites were in strong demand, so that the volume in 2012 totalled 8.3m and was hence 3.0m above the previous year's figure. Promotional funds in the fields of education, youth and sports increased significantly from 11.9m in 2011 to 19.7m in Commitments to create more child care places almost doubled to 14.3m. The joint promotional efforts by the federal government and the federal state will now be extended into 2013 and provided with more money in order to comply as quickly as possible with the legal obligation to offer all parents a child care place for children aged three and over. Urban development support from ERDF funds to facilitate sustainable urban development was continued in 2012 with a sum of 28.5m and was hence flat against the previous year. Housing ILB supports the municipal, cooperative and private housing sector as well as private home construction. The customer in this case is the Ministry of Infrastructure and Agriculture of the federal state of Brandenburg. In this business field too, ILB is increasingly offering its own promotional products as a supplementary measure. Just like in previous years, ILB once again supported the federal state government in 2012 with a view to sustainable support for investment in generation-compliant, social and energy-efficient housing. Thanks to the focus on inner-city neighbourhoods with sustainable development prospects, it was possible to further revitalise city centres in Brandenburg and to ensure a well-balanced social mix. The federal state has embarked on 2016 ILB Seite 5 von 6

6 this strategy in order to address the increasingly diverse demand for housing in the different regions of its territory. The cooperation agreement between ILB and a municipal housing association concerning rent caps and occupancy commitments met with nation-wide interest. In this way, occupancy commitments for around 3,000 leasehold flats have been secured for another ten years. It is currently being examined as to whether this model can be applied to other tight residential markets too. The volume of funds pledged for housing development measures increased by 13.1m to 169.4m in ILB products recorded particularly strong growth: With 148.5m, this volume was 28.5m above the previous year's level, accounting for 87.7 percent of the total promotional funds available for the housing sector. Promotional funds pledged for leasehold construction totalled 89.3m in 2012 and were thus slightly below the previous year's figure. This was due to a reduction in funds available to the federal-state government. In contrast to this, the volume pledged for ILB products in the field of leasehold property remained at 69.7m and was hence flat against Promotional measures for modernisation and repair of leasehold flats totalled 17.2m. ILB products of supplementary loans for the construction of leasehold flats amounted to 34.8m and once again accounted for the largest volume of management programmes. Due to the application moratorium for almost all freehold property promotional measures that came into effect in the federal state of Brandenburg on 1 December 2011, new business generated in 2012 was only limited. Promotional programmes for freehold property are to be offered again in The volume of funds pledged showed a generally positive trend. ILB products, especially those passed on on behalf of other lenders, were in strong demand so that the results of the previous year were clearly exceeded. Outlook: Especially the end of the current ERDF funding period will determine the development of promotional business for enterprises and infrastructure projects in Projects supported during the current 2007 to 2013 programming period must be completed on schedule and accounts must be rendered to the European Commission. ILB is expecting further momentum for the residential sector in 2013: Firstly, the opening up of the federal state's assets for residential projects and the revision of the guidelines for support and promotional activities promise new momentum. Secondly, ILB is to offer the housing sector ILB's own Brandenburg loan "remodelling for the elderly" as another product for the residential product that is designed to supplement the promotional portfolio. ILB's task in 2013 will be to prepare the next EU programming period from 2014 to 2020 in such a manner that promotional and support offers will be available in the federal state of Brandenburg when the new period begins. These offers will focus on the EU's key topics regarding support for SMEs, innovation, carbon reduction measures as well as sustainable urban development. This will be linked to a marked reduction in the volume of ERDF funds available and a simultaneous revision of almost all EU regulations relevant for promotional and support measures and programmes. The challenge for the federal state government and ILB will be to avoid promotional gaps in areas which are vital for the federal state's interests. Against this background, ILB is planning to develop further promotional offers based on the Brandenburg loan family. The promotional bank will support its portfolio as part of its business management services with additional programmes which it will finance from its own resources. In this respect, ILB will specifically contribute its expertise and know-how when it comes to developing made-to-measure financing instruments. Besides the further expansion of the Brandenburg loan family in cooperation with KfW and Landwirtschaftliche Rentenbank, ILB will increasingly focus on EU offerings outside the EU structural funds. These offers are to be analysed and, whenever possible, used to provide liability relief in conjunction with ILB products. ILB will then share the risk of default with the European Investment Bank (EIB) or the European Investment Fund (EIF). Furthermore, ILB will also actively participate in the implementation of EU-compliant and at the same time lean administrative procedures in the interest of applicants. ILB Investitionsbank des Landes Brandenburg Tel.: Fax: ILB Seite 6 von 6

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