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<%Rheinboden Hypothekenbank%>

02 Sep 1999

Rating: AAA

Amount: Eu135.885m (fungible with three issues totalling Eu764.122m launched 13/08/98, 04/12/98 and 04/05/99) &#214;ffentlicher Pfandbrief series 955

Maturity: August 24, 2012

Issue price: 94.96

Fixed re-offer price: 94.79

Coupon: 5%

Spread at re-offer: 67bp over the 4% July 2009 Bund

Launched: Tuesday, August 31

Joint books: BGB, Commerzbank, Deutsche, Dresdner KB, HypoVereinsbank, WestLB, WGZ

02 Sep 1999