Investor Presentation The Helaba Group. Frankfurt / Main, June 2016

Investor Presentation The Helaba Group Frankfurt / Main, June 2016

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

Helaba: Universal bank with strong regional focus 3 Key financial figures for 2015 Total assets: 172.3 bn CET-1-ratio phased-in 1 : 13.8% CET-1 ratio fully loaded 1 : 13.1% Total capital ratio 1 : 19.8% Result for 2015: Risk weighted assets: 596 mn (pre-tax, IFRS) 54.9 bn Leverage Ratio: 4.0% 1) According to IFRS / CRR

Helaba s Profile Universal Bank with Strong Regional Focus 4 Strategic Business Model Universal bank integrating wholesale, S-Group Business, Private Customers and SME Business 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 162 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

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

Helaba`s Ownership Structure: Dominated by the Savings Banks Sector (88%) 6 Distribution of Helaba s share capital Federal States Savings Banks Sector State of Hesse (8.1%) Free State of Thuringia (4.05%) 12% 88% Savings Banks and Giro Association Hesse-Thuringia (68.85%) Savings Banks Association Westphalia-Lippe (4.75%) Rhineland Savings Banks and Giro Association (4.75%) Trustee 1 for the German Savings Banks Organisation (4.75%) 1 Trustee 2 for the German Savings Banks Organisation (4.75%) 2 1) FIDES Alpha GmbH, Trustee for the Regional Savings Banks Support Funds, represented by the German Savings Banks and Giro Association (DSGV ) 2) FIDES Beta GmbH, Trustee for the Deposit Reserve of the Landesbanks, represented by the DSGV

Helaba Ratings: Stable Ratings from the leading International Rating Agencies 7 Development of Helaba s long-term ratings AAA/Aaa AA+/Aa1 1 Termination of maintenance obligation and statutory guarantee AA/Aa2 AA-/Aa3 A+/A1 A/A2 A+ A 1 1 A1 A-/A3 BBB+/Baa1 BBB/Baa2 : : July 2005 2006 2007 2008 2009 2010 2011 2012 June 2012 2 Changes in Moody s Rating methodology 2013 2014 3 Changes in Moody s Rating methodology 2015 2016 1) Joint group rating (Sparkassen-Finanzgruppe Hessen-Thüringen)

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. 521 mm in addition to existing nationwide voluntary support mechanisms as at 31.12.2015 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 Standard & Poor s (A)

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 1 2 3 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 112 savings banks

S-Group Business, Private Customers and SME Business: Helaba: Leading S-Group Bank within the German Savings Banks Association 11 Hesse-Thuringia North Rhine-Westphalia 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 Münster Düsseldorf Kassel Erfurt Berlin 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, sales office in Münster Brandenburg Head offices in Frankfurt / Main and Erfurt Frankfurt Home Region with central bank function for associated savings banks and S-Group agreements Sales Office Berlin Stuttgart Other regions Munich Head Office Branches Sales Office Focus on Rhineland-Palatinate, Bavaria and Baden-Wuerttemberg Sales offices in Munich, Stuttgart and Berlin As central bank for 162 savings banks Helaba is S-Group bank for about 40% of the German savings banks

Strategic Initiatives 2016 of Selected Business Segments 12 Real Estate: Further expansion of Scandinavian business; Representative office in Stockholm; Further development of structures and operational team for syndication/placement business; Intensify co-operation with savings banks Corporate Finance: Further extension of capabilities in provision of international trade finance services; Expansion of range of services for foreign clients through German Desk; Expansion of the corporate customer business in North Rhine- Westphalia Financial Markets: Intensify business with savings banks; Expansion of customer and primary business; Expansion of representative offices and correspondent bank network Cash Management: Implementation and marketing of online payment systems (including paydirekt); Development and expansion of the range of e-commerce and m-commerce products; Digitisation

Consolidated Balance Sheet of Helaba Group 2015 (IFRS) 14 31.12.2015 31.12.2014 Change in billion in billion in billion % Loans and advances to banks incl. cash reserves 19.1 21.6-2.5-11.6 Loans and advances to customers 93.2 91.1 2.1 2.3 Impairments on receivables -1.0-1.0 - - Assets held for trading 26.1 31.3-5.2-16.6 Positive market value of derivatives not held for trading 4.4 5.8-1.4-24.1 Financial investments, incl. companies accounted for using the equity method 26.6 26.6 - - Other Assets 3.9 4.1-0.2-4.9 Total assets 172.3 179.5-7.2-4.0 Liabilities due to banks 36.0 35.6 0.4 1.1 Liabilities due to customers 47.7 45.3 2.4 5.3 Securitised liabilities 47.1 48.3-1.2-2.5 Liabilities held for trading 22.4 29.2-6.8-23.3 Negative market value of derivatives not held for trading 4.4 5.4-1.0-18.5 Provisions, other liabilities 2.9 2.9 - - Subordinated capital 4.1 5.4-1.3-24.1 Equity 7.7 7.4 0.3 4.1 Total liabilities 172.3 179.5-7.2-4.0

P&L for Helaba Group 2015 (IFRS) 15 2015 2014 Change in million in million in million in % Net interest income 1,312 1,293 19 1.5 Provisions for losses on loans and advances -237-80 -157 >-100 Net interest income after provisions for losses on loans and advances 1,075 1,213-138 -11.4 Net commission income 333 317 16 5.0 Net trading income 190 126 64 50.8 Result from hedges / derivatives 25 51-26 -51.0 Results from financial investments (incl. result from companies accounted for using the equity method) -10 45-55 - Other operating result 173 70 103 >100 General administration expenses -1,190-1,215 25 2.1 Earnings before taxes 596 607-11 -1.8 Taxes on income -177-210 33 15.7 Consolidated net income after taxes 419 397 22 5.5

Securities portfolio 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 0.0 0.0 0.0 0.0 0.0 AA 37.3% Pfandbriefe/ Covered Bonds 1.3 2.4 1.3 0.0 5.0 A 29.8% Corporates 0.1 0.5 0.7 0.0 1.3 23.4% Financials 8.4 6.4 2.7 0.0 17.5 BBB 9.0% 0.5% Government 4.4 5.2 4.6 0.3 14.5 Total 14.2 14.5 9.3 0.3 38.3 Non-investment-grade As of December 31, 2015 90% of the securities portfolio is rated AAA to A 37% of the securities portfolio matures within two years Financials make up 46% of the portfolio The ABS portfolio is almost entirely eliminated or expired

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 01.01.- 31.12.2014 01.01.- 31.12.2015 Real Estate 66 Net-risk provision 80 Net-risk provision 237 Corporate Finance 93 Individual allowances 159 Financial Markets 0 Global individual allowances -3 S-Group Business, Private Customers and SME Business -11 Portfolio allowances 93 Provisions -9 Direct impairments on receivables -3 Public Development a. Infrastructure Business Others Consolidation/Reconciliation -3 0 92-35 -15 5 25 45 65 85 105 As of December 31, 2015

Capital Ratios 18 Development of capital ratios (Helaba Group) in billion Risk weighted assets Capital Ratio Tier-1-Ratio CET1 Ratio ("phased-in") 65 25% 60 55 14.4% 9.6% 15.3% 10.1% 15.9% 11.2% 60.8 17.4% 12.8% 12.5% 19.8% 18.5% 13.4% 13.8% 20% 15% 10% 57.2 57.3 54.1 53.8 54.9 5% 50 2010 2011 2012 2013 2014 2015 0% CET 1-Ratio fully loaded as of December 31, 2015 at 13.1%.

Key Financial Ratios for 2015 19 2015 2014 Return on equity (before taxes) 8.1 % 8.3 % Cost-income ratio 58.8 % 63.9 % CET 1-Ratio ( phased-in ) 13.8% 13.4% CET 1-Ratio ( fully loaded ) 13.1% 11.8% Total capital ratio 19.8% 18.5% Risk-weighted assets in billion 54.9 53.8 Own funds, total in billion 10.9 10.0 Leverage Ratio 4.0% 4.0% SREP-Ratio (2016) 9.25% BaFin-Requirement for domestic systemically important banks (by 2019) 1 percentage point

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 Deposit rating Aa3 - - Short-term rating P-1 F1+ 1 A-1 1 BCA/ viability rating/ SACP baa3 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 May 09, 2016 1) Joint group rating (Sparkassen-Finanzgruppe Hessen-Thüringen) 2) With statutory guarantees of owners ( mit Gewährträgerhaftung )

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 2015 4.8 bn 12.5 bn 17.3 bn 2016 planned 5.0 bn 10.0 bn 15.0 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 34 bn collateral pool for German covered bonds ( Pfandbriefe ) EUR 31 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)

Funding Sustainable liquidity management and high level of acceptance in the market 23 Outstanding medium and long-term funding ( 1 year): 84.3 bn Q1 / 2016 2015 2014 in mn in mn in mn Covered securities ( Pfandbriefe ) 29,901 29,406 27,734 - Public sector 20,543 20,642 21,718 16 % 24 % Public Sector Pfandbriefe Mortgage Pfandbriefe - Mortgage backed 9,358 8,764 6,016 26 % 11 % Senior, unsecured bonds 19,077 17,087 25,120 Borrower's notes 21,893 21,417 23,367 23 % Senior, unsecured notes & bonds Borrower s notes Miscellaneous * 13,477 13,700 16,150 Summe 84,348 81,610 92,371 Miscellaneous * Subordinated bonds / participation rights certificates / silent deposits / earmarked funds As at March 31, 2016

Medium- and long-term funding ( 1 year) in 2015 Diversified funding mix 24 Breakdown by Investor Breakdown by Product Savings Banks (Institutional) Unsecured bank notes & bonds Public sector Pfandbriefe 13 % 1,0 Mrd. Savings Banks (Retail) 11% 76 % 3,1 Mrd. 1,0 Mrd. 1,3 Mrd. Mortgage Pfandbriefe Borrowers notes & other loans Domestic & international Investors Medium- and long-term funding for Q1 2016: 6.4 bn As at March 31, 2016

Contacts 25 Dirk Mewesen General Manager Head of Asset & Liability Management Tel (+49) 69 / 91 32 46 93 Dirk.Mewesen@helaba.de Henning Wellmann Head of Liability Management & Funding Tel (+49) 69 / 91 32 31 42 Henning.Wellmann@helaba.de Martin Gipp Head of Funding Tel (+49) 69 / 91 32 11 81 Martin.Gipp@helaba.de Nadia Landmann Debt Investor Relations / Funding Tel (+49) 69 / 91 32 23 61 Nadia.Landmann@helaba.de Landesbank Hessen-Thüringen Neue Mainzer Strasse 52-58 60311 Frankfurt am Main, Germany

Disclaimer 26 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 2015 group financial information are based on the attested and approved by the owners of the bank IFRS group accounts. All calculations based upon these figures 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