Baader & Heins Capital Management AG



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Conditions are our strength Baader & Heins Capital Management AG A Company of / BAADER / Bank AG

Introduction / Philosophy Our philosophy is your satisfaction! For us that includes an atmosphere of mutual respect, loyalty, openness, a constructive approach to conflicts and fairness in dealings with you and within our team. We place the most exacting of demands on our employees to provide you with reliable and uncomplicated service, not to mention attractive offers, in line with our company philosophy: Conditions are our strength Our large network of national and international customers, and highly qualified employees, means that we are a reliable partner when it comes to helping strengthen your market position. 2 / 21.10.2014

Institutional customers For more than twenty years we have been one of the leading specialists in our market segment, and exclusively support institutional customers such as: Insurers Pension funds Provident funds Chambers and trade associations Foundations Church institutions Municipal corporations Banks Savings banks Co-operative banks Mortgage banks Development banks Building societies Public sector 3 / 21.10.2014

Historie April 1992 Establishment of Heins & Seitz Capital Management GmbH in Munich January 1997 Heins & Seitz Capital Management GmbH is subject to the supervision and control of the German Federal Banking Supervisory Office December 2002 50% holding of Baader Bank AG June 2003 Move to the new offices of Baader Bank AG in Unterschleissheim January 2005 Top-up of holding of Baader Bank AG to 70% June 2006 Conversion to a company limited by shares February 2009 Increase of the holding to 75% Name change to Baader & Heins Capital Management AG July 2009 100% holding in KADEGE GmbH & Co. KG October 2013 Founding of SKALIS Asset Management AG 4 / 21.10.2014

Team Our success is the result of customer-oriented and individual support by our team. We attach particular importance to taking the personal goals and interests of each individual into account, and building on this by offering appropriate further education measures. This means our employees have the opportunity to further hone their specialist skills in line with market requirements. As a customer you benefit from a needs-based service by professionally qualified contact persons. 5 / 21.10.2014

Team Werner Bergmann Fixed Income-Trading Phone: +49 89 / 23 18 00-26 werner.bergmann@baaderheins.de Marcus Burkhardt Phone: +49 89 / 23 18 00-31 marcus.burkhardt@baaderheins.de Kerstin Gibis Phone: +49 89 / 23 18 00-22 kerstin.gibis@baaderheins.de Andree BankenHeins Chairman of the Management Board Phone: +49 89 / 23 18 00-33 andree.heins@baaderheins.de Markus BankenBritzl Management Board Phone: +49 89 / 23 18 00-36 markus.britzl@baaderheins.de Kerstin BankenDürbaum Phone: +49 89 / 23 18 00-20 kerstin.duerbaum@baaderheins.de Oliver Grossmann Institutional Sales /Fixed Income Phone: +49 89 / 23 18 00-46 oliver.grossmann@baaderheins.de Jürgen Jakob Fixed Income-Trading Phone: +49 89 / 23 18 00-27 juergen.jakob@baaderheins.de 6 / 21.10.2014

Team Marco K. Kromotis Phone: +49 89 / 23 18 00-34 marco.kromotis@baaderheins.de Andreas Banken Loibl Institutional Sales / Fixed Income Phone: +49 89 / 23 18 00-40 andreas.loibl@baaderheins.de Peter Olleck Phone: +49 89 / 23 18 00-18 peter.olleck@baaderheins.de Rüdiger Seemann Management Board Phone: +49 89 / 23 18 00-25 ruediger.seemann@baaderheins.de Banken Andrea P. Kimmel Phone: +49 89 / 23 18 00-19 andrea.kimmel@baaderheins.de René Banken Mende Phone: +49 89 / 23 18 00-17 rene.mende@baaderheins.de Josua Banken Schätz Phone: +49 89 / 23 18 00-35 josua.schaetz@baaderheins.de Sandra BankenVetter Team Assistent Phone: +49 89 / 23 18 00-32 sandra.vetter@baaderheins.de 7 / 21.10.2014

Business Areas / Money market We cover the entire range of solvency coefficients for you from 0% to 100%. The following bearer and registered securities can be traded as investments or with a view to refinancing: Debenture loans Registered bonds Bearer bonds Funded bonds Covered bonds Debenture bonds Savings certitficates Corporate bonds Subordinated capital Participatory capital Supplementary capital Dormant equity holdings Public bonds 8 / 21.10.2014

Business Areas / Money market With us you can place deposits or raise funds on a short-term basis: Overnight money Fixed-term deposits EONIA money Variable credit lines Commercial papers Repurchase agreements 9 / 21.10.2014

Business Areas / Derivative trading We trade on your behalf exclusively in asset-linked derivatives with the following elements: Interest swaps Swaptions Cross Currency Swaps Credit Default Swaps Call and put optionen Caps, floors, collars Forward rate agreements 10 / 21.10.2014

Service / What we can do for you Experienced traders, excellent service! Baader & Heins not only works as an agency, but is also a reliable partner for the clearing, settlement and supply of market data. Whether it concerns securities against transactions, the provision of borrowers notes/registered security transactions or a 9 Registration in accordance with the German Securities Trading Act (WpHG), we work with Baader Bank AG to ensure that your requests and securely and efficiently processed. We support you with market information for your liquidity and finance planning, for instance obtaining market players valuation rates for certain call dates. But Baader & Heins offers you even more discover our wide range of free information and calculation tools at: www.baadermarkets.de 11 / 21.10.2014

Group structure Baader Bank AG Unterschleissheim Helvea SA Geneva 100% Baader & Heins Capital Management AG Unterschleissheim 75 % Skalis Asset Management AG Unterschleissheim 100 % Conservative Concept Portfolio Management AG Bad Homburg 66 % Ophirum ETP GmbH Frankfurt a.m. 50 % Gulf Baader Capital Markets S.A.O.C. Muscat, Oman 30 % Clueda AG Munich 18 % 12 / 21.10.2014

Unternehmenspräsentation Company Presentation Baader & Baader Heins AG & Heins AG You can take us at our word at Baader & Heins AG! We ll turn this word into a contract! 13 / 21.10.2014

Unternehmenspräsentation Company Presentation Baader Baader & Heins & Heins AG AG We look forward to working with you! Baader & Heins Capital Management AG Weihenstephaner Strasse 4 85716 Unterschleissheim Germany Tel: +49 (0)89 2318 00 0 Fax: +49 (0)89 2318 00 10 Email: Internet: firstname.surname@baaderheins.de www.baaderheins.de