Division (v)

Germany will ensure that the PBB sub-group's corrected strategic IFRS balance sheet (‘corrected strategic IFRS group balance sheet’), which amounted to EUR 64,7 billion at 31 December 2010, does not exceed EUR 67,0 billion at 31 December 2011, EUR 71,0 billion at 31 December 2012, EUR 75,0 billion at 31 December 2013, EUR 79,0 billion at 31 December 2014 and EUR 86,0 billion at 31 December 2015.