Investor Presentation The Helaba Group. Frankfurt / Main, November 2015

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1 Investor Presentation The Helaba Group Frankfurt / Main, November 2015

2 Agenda 2 1 Helaba Profile 2 S Group Strategy 3 Business Development & Asset Quality 4 Funding

3 Helaba: Universal bank with strong regional focus 3 Key numbers for Q Total assets: bn CET-1-ratio phased-in 1 : 13.1% CET-1 ratio fully loaded 1 : 12.0% Total capital ratio 1 : 18.3% Employees: ca. 6,200 Retail customers: Results for Q3 2015: Risk weighted assets: > 1.8 mn 485 mn (pre-tax, IFRS) 55.3 bn Leverage Ratio: 3.9% 1) According to IFRS / CRR

4 Helaba s Profile Universal Bank with Strong Regional Focus 4 Strategic Business Model Universal bank integrating wholesale, retail and public development & infrastructure business Core Markets Universal Bank with strong focus on Germany and presence in carefully selected international markets Savings Banks Group Central bank for 164 German savings banks (40% of all savings banks in Germany); close integration in S Group Hesse-Thuringia with joint ratings Customer Business Stable customer business (>50% of total assets); reflecting Helaba s close ties to the real economy Funding Well-balanced mix of instruments and high level of market acceptance; sustainable liquidity management throughout Helaba group Helaba Rating Excellent ratings from the three leading rating agencies; joint ratings with savings banks in Hesse-Thuringia; ranked among the top German banks

5 Helaba s Stable Strategic Business Model: Three Core Business Units 5 Helaba a Universal Bank with strong Regional Focus Wholesale Business S-Group Business, Private Customers and SME Business Public Development and Infrastructure Business Business Division: Real Estate Corporate Finance Financial Institutions and Public Finance Global Markets Asset Management Transaction Banking Frankfurt am Main. Erfurt. Dusseldorf. Kassel. London Paris. New York. Zurich. Madrid. Moscow. Shanghai. Singapore

6 Helaba s Ownership Structure Dominated by the Savings Banks Sector (88%) 6 Share Capital Distribution Savings Banks and Giro Association Hesse-Thuringia 8.1% 4.05% 4.75% State of Hesse Free State of Thuringia 68.85% 4.75% 9.5% Savings Banks Association Westphalia-Lippe Rhenish Savings Banks and Giro Association Savings Banks Association (DSGV) as trustee 1 1) Trustee for the Regional Savings Banks Support Funds and for the Deposit Reserve of the Landesbanks

7 Stable Ratings from the leading International Rating Agencies: Upgrade by Moody s in Development of Helaba s long-term ratings AAA/Aaa 1 Termination of maintenance obligation and statutory guarantee 2 Crash of Lehman Brothers 3 Begin of the Europ. sovereign debt crisis 4 EBA Banking stress tests ECB AQR and stress test 5 AA+/Aa1 AA/Aa2 AA-/Aa3 A+/A1 A/A2 A+ A 1 1 A1 A-/A3 BBB+/Baa1 BBB/Baa2 : : July 2005 Changes in S&P s Rating methodology Fitch introduces its viability rating June Changes in Moody s Rating methodology 2013 Changes in Moody s Rating methodology ) Joint group rating (Sparkassen-Finanzgruppe Hessen-Thüringen)

8 Agenda 8 1 Helaba Profile 2 S Group Strategy 3 Business Development & Asset Quality 4 Funding

9 Helaba and Savings Banks in Hesse-Thuringia A Single Economic Unit with a unique Franchise A single Economic Unit 9 S Group Hesse-Thuringia S SME / Retail Customers in the Region Platform for Products and Services Joint Risk Management Helaba S Wholesale Business International Markets S Group Hesse-Thuringia Results 2014 Total assets: 265 bn Earnings before taxes (IFRS): 1,649 mn Capital ratio: 17.0%, Total capital ratio: 24,6% Return on capital (pre tax): 8.7% Cost-income ratio: 64.3% Joint Market Presence Joint business strategy Full market coverage (retail and wholesale business) Clear allocation of customer responsibility Co-ordinated range of products Joint Risk Management Uniform risk management strategy Risk monitoring system with early warning indicators Risk-adjusted contributions to the group s reserve fund Joint Group Reserve Fund Integrated in joint risk management system Approx. 508 mm in addition to existing nationwide voluntary support mechanisms as at Direct legal investor protection in addition to institutional support Consolidated Accounts Audited consolidated group accounts since 2003 Earnings before taxes in 2014 (IFRS): 1,649 mn Group rating from Fitch Ratings (A+ and a+) and Standard & Poor s (A)

10 Helaba s S Group Business 10 Frankfurter Sparkasse 4 th largest savings bank in Germany Fully owned by Helaba LBS Building and loan association Product provider for savings banks Integrated business unit 1822direkt Direct Banking Unit of Frankfurter Sparkasse Frankfurter Bankgesellschaft Zürich/Frankfurt Private Banking subsidiary Fully owned by Helaba S-Group business within Helaba Group Product and service provider to all savings banks S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S Central Bank function for savings banks S Group Hesse-Thuringia Central Bank Function Single economic unit with 49 savings banks in Hesse- Thuringia S Group Cooperation NRW & Brandenburg Legally installed Central Bank Function Cooperation Agreements with all 114 savings banks

11 Helaba Leading S Group Bank within the German Savings Banks Association 11 Hesse-Thuringia Home Region with central bank function for associated savings banks Savings banks and the Federal States of Hesse and Thuringia are Helaba`s shareholders Successful business model of a single economic entity with S Group`s savings banks; regional support funds, consolidated annual accounts and group ratings Head offices in Frankfurt / Main and Erfurt Rhineland-Palatinate/Bavaria/ Baden-Wurttemberg Target Regions Local sales offices in Munich, Stuttgart and Frankfurt / Main North Rhine-Westphalia Home Region with central bank function for associated savings banks Savings banks associations of NRW are Helaba`s shareholders S-Group agreement as basis for cooperation; regional support funds in NRW Branch office in Düsseldorf Brandenburg Home Region with central bank function for associated savings banks and S-Group agreements Sales Office Berlin Other regions Wide range of products offered Sales team located in Frankfurt / Main As central bank Helaba is S-Group bank for 40% of the German savings banks

12 Strengthened market position Through the acquisition of NRW savings banks business 12 Helaba is the number two address for payment transactions within Germany and is expanding its services, especially for corporate clients and the public sector With the takeover of WestLB s certificate platform, Helaba is now one of the leading providers of certificates in the German market In Corporate Finance, the largest regional market in Germany, North Rhine-Westphalia, has become part of the core region of Helaba In the security/safe custody business, the volume under administration has doubled through the takeover of the WestLB business With the legal transfer of the central bank function for the savings banks in North Rhine-Westphalia and Brandenburg, Helaba has become the central bank and service provider for 164 savings banks across four states

13 Agenda 13 1 Helaba Profile 2 S Group Strategy 3 Business Development & Asset Quality 4 Funding

14 Consolidated Balance Sheet of Helaba Group for 9M 2015 (IFRS) Change in billion in billion in billion % Loans and advances to banks incl. cash reserves Loans and advances to customers Impairments on receivables Assets held for trading Positive market value of derivatives not held for trading Financial investments, incl. companies accounted for using the equity method Other assets Total assets Liabilities due to banks Liabilities due to customers Securitised liabilities Liabilities held for trading Negative market value of derivatives not held for trading Provisions/ other liabilities Subordinated capital Shareholders' equity Total liabilities Business Volume

15 P&L of Helaba Group for 9M 2015 (IFRS) Change in million in million in million in % Net interest income Provisions for loans and advances Net interest income after provisions for loans and advances Net commission income Net trading income Result of hedges/derivatives Result from financial investments (incl. result from companies accounted for using the equity method) Other operating result General administration expenses Earnings before tax Taxes on income Consolidated net income

16 Securities portfolio (1): High quality and short terms 16 Breakdown of Helaba's securities portfolio by maturity bands and rating categories 0-2 years 2-5 years 5-10 years > 10 years Total AAA in bn ABS AA 37.9% Pfandbriefe/ Covered Bonds A 31.5% Corporates % Financials Government BBB 4.9% 0.5% Total Non-investment-grade As of Sept. 30, % of the securities portfolio is rated AAA to A 45% of the securities portfolio matures within two years Financials make up 51% of the portfolio The ABS portfolio is almost entirely eliminated or expired

17 Overview of the Impairments on Loans and Advances 17 Composition of the Provision for Losses on Loans Break down on Segments in million. in million Real Estate 25 Net-risk provision 62 Net-risk provision 114 Corporate Finance 55 Individual allowances 148 Financial Markets 0 Global individual allowances -3 S-Group Business, Private Customers and SME Business -9 Portfolio allowances 6 Provisions -10 Direct impairments on receivables -27 Public Development a. Infrastructure Business Others Consolidation/Reconciliation As of Sept. 30, 2015

18 Capital Ratios 18 Development of capital ratios (Helaba Group) in billion Risk weighted assets Capital Ratio Tier-1-Ratio CET1 Ratio ("phased-in") % 18.5% 18.3% 20% % 9.6% 15.3% 10.1% 15.9% 11.2% 12.8% 12.5% 13.4% 13.1% 15% 10% % M % CET 1-Ratio fully loaded as of September 30, 2015 at 12.0%.

19 Key Financial Ratios for 9M Return on equity (before taxes) 8.8% 9.3% Cost-income ratio 60.2% 61.6% CET 1-Ratio ( phased-in ) 13.1% 13.4% CET 1-Ratio ( fully loaded ) 12.0% 11.8% Total capital ratio 18.3% 18.5% Risk-weighted assets in billion Own funds, total in billion Leverage Ratio 3.9% 4.0%

20 Agenda 20 1 Helaba Profile 2 S Group Strategy 3 Business Development & Asset Quality 4 Funding

21 Helaba Ratings on a high level 21 Unguaranteed ratings Agency Moody s Fitch Ratings Standard & Poor s Long-term rating A1 A+ 1 A 1 Short-term rating P-1 F1+ 1 A-1 1 Viability rating/ SACP - a+ 1 A 1 Public Pfandbriefe Aaa AAA - Mortgage Pfandbriefe - AAA - Guaranteed ratings 2 Agency Moody s Fitch Ratings Standard & Poor s Long-term rating Aa1 AAA AA- Source: Moody s Investor Service, Fitch Ratings, Standard & Poor s as of June 22, ) Joint group rating (Sparkassen-Finanzgruppe Hessen-Thüringen) 2) With statutory guarantees of owners ( mit Gewährträgerhaftung )

22 Funding Strategy Strong regional engagement as success factor during the financial crisis 22 Funding Strategy Continued matched funding of new business Expand the already strong position within the German investor base and further develop the international investor base Intensive marketing of Helaba s solid Credit Story in and outside Germany Further develop the product and structuring capacity through the issuance programmes Funding Volume Covered Unsecured Total bn 8.9 bn 15.2 bn 2015 planned 4.5 bn 7.5 bn 12.0 bn Funding Programmes EUR 35 bn Euro Medium Term Note Programme Domestic issuance (Basisprospekt) EUR 10 bn Euro-CP/CD Programme EUR 6 bn French CD Programme USD 5 bn USCP Programme Broad Liquidity Access EUR 33 bn collateral pool for German covered bonds ( Pfandbriefe ) EUR 35 bn securities eligible for ECB / central bank funding EUR 16 bn retail deposits within Helaba Group EUR 88 bn deposits within the S Finance Group Hesse-Thuringia (as at Dec. 31, 2014)

23 Funding Sustainable liquidity management and high level of acceptance in the market 23 Outstanding medium and long-term funding ( 1 year): 87.4 bn Q3/ in mn in mn in mn Covered securities ( Pfandbriefe ) 29,826 27,734 24,857 - Public sector 21,361 21,718 19, % 24 % Public Sector Pfandbriefe Mortgage Pfandbriefe - Mortgage backed 8,465 6,016 5,649 Senior, unsecured bonds 19,806 25,120 30,862 Borrower's notes 21,969 23,367 21, % 23 % 10 % Senior, unsecured notes & bonds Borrower s notes Miscellaneous * 15,760 16,150 17,475 Summe 87,361 92,371 94,669 Miscellaneous * Subordinated bonds / participation rights certificates / silent deposits / earmarked funds As at Sept. 30, 2015

24 Medium- and long-term funding ( 1 year) in Q3/2015 Diversified funding mix 24 Breakdown by Investor Breakdown by Product Domestic & international Investors Unsecured bank notes & bonds Public sector Pfandbriefe 1.5 bn 36% 4.9 bn Mortgage Pfandbriefe Savings Banks (Institutional) 48 % 2.5 bn Borrowers notes & other loans 1.7 bn Savings Banks (Retail) 16 % 0.3 bn 0.7 bn Subordinated debt Earmarked funds ( EIB, KFW, LfA) Medium- and long-term funding for Q3/2015: 11.6 bn As at Sept. 30, 2015

25 Sustainability-led liquidity management throughout the Helaba Group 25 Matched banking book bn > 11 Assets Liabilities Years As at Sept. 30, 2015

26 Contacts 26 Dirk Mewesen General Manager Head of Asset & Liability Management Tel (+49) 69 / Henning Wellmann Head of Liability Management & Funding Tel (+49) 69 / Martin Gipp Head of Funding Tel (+49) 69 / Nadia Landmann Debt Investor Relations / Funding Tel (+49) 69 / Landesbank Hessen-Thüringen Neue Mainzer Strasse Frankfurt am Main, Germany

27 Disclaimer 27 This presentation and the information contained herein do not constitute or form part of a prospectus or other offering document in whole or in part and should not be construed as an offer or solicitation to buy or sell any securities or any related financial instruments and should be regarded as informative only. All information is as of the date of publication and can change without any further notice. Whilst every effort has been taken to ensure the accuracy of the presentation material, no guarantee is given nor liability assumed for the information contained herein. Helaba does not offer any advice as regards to taxation and accounting or legal matters. From the past result, performance or achievements no conclusions as to the future results, performance or achievements can be drawn. The Q3/2015 group financial information are based on the audited, non-attested IFRS group accounts. Therefore, all calculations based upon these figures are preliminary and should be regarded as informative only. All forms of distribution of this document require the prior written approval by Helaba. Landesbank Hessen-Thüringen Girozentrale, Frankfurt am Main / Erfurt

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