FRN Variable Rate Fix

LONDON--(BUSINESS WIRE)--

Deutsche PfandbriefBank AG

ITL 300,000,000,000 Fixed/Reverse Floating Rate

Notes due 2018

ISSUE NAME.

Our Ref. M17601

ISIN Code. XS0083585595

INTEREST AMT PER DENOM.

CURRENCY CODE. ITL

DAY BASIS. 30/360 EUROBOND (A007)

NUM OF DAYS. 360

INTEREST RATE. 14.000759 PCT

VALUE DATE. 30/01/2014

INTEREST PERIOD. 30/01/2013 TO 30/01/2014

ITL 1,000,000.00 IS EUR 72.31

POOL FACTOR. N/A