1. Issuer: FHB Land Credit and Mortgage Bank Ltd. (FHB Földhitel- és Jelzálogbank Részvénytársaság) H-1132 Budapest Váci út.20.

Átírás

1 Notice and Final Terms (Public offering) On the basis of the resolutions 38/2005. (27. June) and No. 46/2005. (08. September) of the Board of Directors of the FHB Land- Credit- and Mortgage Bank Ltd., (number and date of the incorporation: , , head office: H-1132 Budapest, Váci út 20.) (hereinafter: Issuer, FHB Ltd. or Bank ) the Issuer shall launch the HUF 200 billion Issue Program. Under the auspices of the Issue Program FHB Ltd. will issue different registered type Covered Mortgage Bond and Corporate Bond series and taps and initiate the listing of the series and taps on the Budapest Stock Exchange (BSE). As there is no collective responsibility between the Issuer and the Managers, the different series of securities issued on the basis of the Base Prospectus mentioned above have non standard risk. The FHB Ltd. will publish the Base Prospectus on the own and on the BSE s homepages, in printed form it is available on the head office of the Issuer, and on the points of sales. The number and date of the license granted by the Hungarian Financial Supervisory Authority (HFSA) to the disclosure of this Notice and the Base Prospectus of the HUF 200 billion Issue Program of the FHB Ltd.: E-III./10.330/ October Under the auspices of the above mentioned Issue Program the FHB Ltd. publicly offers to issue the first part of FHB Covered Mortgage Bond FJ11NF01 on the 10 th of October 2005 and the Issuer will initiate the listing on the Budapest Stock Exchange. The basis of the issue: the No. 80/2005, (14. September), resolution of the Asset/Liability Committee. Final Terms 1. Issuer: FHB Land Credit and Mortgage Bank Ltd. (FHB Földhitel- és Jelzálogbank Részvénytársaság) H-1132 Budapest Váci út (i) Series Number: 1 (ii) Tranche Number 1 3. Specified Currency or Currencies: HUF 4. Aggregate Nominal Amount: Series: HUF 10,000,000,000 Tranche: HUF 10,000,000, Issue Price (per Mortgage Bond) or minimal issue price if any: 6. Specified Denomination: HUF 10, Pieces: (i) Series: 1,000,000 (ii) Tranche: 1,000, (i) Issue Date :

2 (ii) Interest Commencement Date: Settlement Date: Value Date: Maturity Date: Interest Basis: 6.5 per cent. Fixed Rate 13. Redemption/Payment Basis: Redemption at Nominal value (100%, per HUF 10,000) 14. Change of Interest Basis or Redemption/ Payment Basis: 15. Put/Call Options: PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 16. Fixed Rate Mortgage Bond Provisions Applicable (i) Rate(s) of Interest: 6,5 per cent. per annum payable annually in arrear (ii) Interest Payment Date(s): 12th October in each year up to and including the Maturity Date (iii) Fixed Coupon Amount per Mortgage Bond: (iv) Broken Amount(s): HUF 650 per Nominal value HUF 10,0000 (v) Day Count Fraction: Actual/Actual (ISMA) Following Business Day Convention (vi) Business Day Convention: (vii) Determination Date(s): 12th October in each year (viii) Party responsible for calculating the Rate of Interest and Interest Amount: ING Bank Ltd (1068 Budapest, Dózsa György út 84/b) (ix) Accrued Interest The accrued interest is 0 % on 12 th October, 2005 that is HUF 0 for each HUF 10,000 Covered Mortgage (x) Other terms relating to the method of calculating interest for Fixed Rate Mortgage Bonds:

3 17. Floating Rate Mortgage Bond Provisions 18. Zero Coupon Mortgage Bond Provisions 19. Index Linked Interest Mortgage Bond Provisions PROVISIONS RELATING TO REDEMPTION 20. Issuer Call: (iii) If redeemable in part: 21. Investor Put: 22. Final Redemption Amount of each Mortgage Bond: 23. Early Redemption Amount of each Mortgage Bond payable on redemption for taxation reasons or on event of default and/or the method of calculating the same (if required or if different from that set out in Condition 5(d)): HUF 10,000 at Par Condition 5(d) is Applicable GENERAL PROVISIONS APPLICABLE TO THE MORTGAGE BONDS 24. Type of Covered Mortgage Bonds: Registered type Covered Mortgage Bond 25. Form of the covered Mortgage Bonds: Dematerialised Covered Mortgage Bond 26. Additional Business Centre(s) or other special provisions relating to Payment Dates: 27. Details relating Partly Paid Mortgage Bonds; amount of each payment and date on which each payment is to be made: 28. Redenomination applicable: 29. Other terms or special conditions: DISTRIBUTION 30. Name(s) of Manager(s): Lead Manager: MKB Bank Ltd. (1056 Budapest, Váci utca 38.), CIB Bank Ltd. (1027 Budapest, Medve u ), ConCorde Security Ltd. (1123 Budapest, Alkotás utca. 50.), Dresdner Bank AG Hungarian Branch Office: (1132 Budapest Váci út ), Deutsche Bank Ltd. (1054 Budapest, Hold u. 27.) Erste Bank Investment Ltd. (1075 Budapest Madách I. út ),

4 Raiffeisen Bank Ltd. (1054 Budapest, Akadémia u. 6.) 31. Guarantor(s) (if any): CIB Bank Ltd. (1027 Budapest, Medve u ), 32. Market maker(s): ConCorde Security Ltd. (1123 Budapest, Alkotás utca. 50.), Dresdner Bank AG Hungarian Branch Office: (1132 Budapest Váci út ), Deutsche Bank Ltd. (1054 Budapest, Hold u. 27.) Erste Bank Investment Ltd. (1075 Budapest Madách I. út ), MKB Bank Ltd. (1056 Budapest, Váci utca 38.), Raiffeisen Bank Ltd. (1054 Budapest, Akadémia u. 6.) 33. Mode of Issue: (i) Issue Commencement Date: (ii) Auction Offering Agent: (iii) Upper limit: (iv) Lower limit: (v) Limit Price: (vi) Time of the Allocation: (vii) Time and place of the disclosure of the Allocation: Auction local time Erste Bank Investment Ltd. (1075 Budapest Madách I. út ), Issuer can not accept over bids There is no lower limit of the Issue. If the Covered Mortgage Bonds offered by the Issuer for sale are not purchased because no appropriate purchase price is received on the above mentioned accounts, the Issuer might decide not to issue any bonds. The mode of refunding will be discussed under the heading Refunding. Non Applicable 10 th October local time 12 th October in the daily Világgazdaság, Napi Gazdaság, by 31 st December 2006 in Magyar Tőkepiac, and on the homepage of the BSE and the FHB Ltd. 34. Additional selling restrictions: OPERATIONAL INFORMATION 35. Any clearing system(s) other than Clearstream, Luxembourg and KELER and the relevant identification number(s): 36. Delivery: 37. The numbers of the separated deposit accounts open for the payments: Delivery against payment. CIB Bank Ltd.: , ConCorde Security Ltd.: , Dresdner Bank AG Hungarian Branch Office: , Deutsche Bank Ltd: Erste Bank Investment Ltd.: , MKB Bank Ltd.: ,

5 38. Places of payment 39. ISIN: 40. Alphabetical code of Series: 41. (insert other): Raiffeisen Bank Ltd.: FHB Rt.: Paying Agent HU FJ11NF01 GENERAL INFORMATION 42. Market making: 1 year starting with the first listing day on the electronic trading system of the BSE. The Issuer shall publish the Public Offerings 43. Notice, place of disclosure of (Notices), and the Final Terms in the daily information: Világgazdaság, Napi Gazdaság, by 31 st December 2006 in Magyar Tőkepiac, and on the homepage of the BSE and the FHB Ltd. The Base Prospectus will be published on the homepage of the BSE and the FHB Ltd. Those information, which are related to the regular disclosure requirements will be published in the daily Világgazdaság, Napi Gazdaság, by 31 st December 2006 in Magyar Tőkepiac, and on the homepage of the BSE and the FHB Ltd. Those information, which are related to the extraordinary disclosure requirements will be published in the daily Világgazdaság, Napi Gazdaság, by 31 st December 2006 in Magyar Tőkepiac, and on the homepage of the BSE. OTHER TERMS 44. Information concerning the listing application Listing Agent FHB Ltd. 45. Decisions resolving on the Issue: The number and date of the license granted by the Hungarian Financial Supervisory Authority (HFSA) to the disclosure of this Notice and the Base Prospectus of the HUF 200 billion Issue Program of the FHB Ltd. related to the above mentioned Issuance: E-III./10.330/ October The base of the issue: the No. 80/2005 ( ) resolutions of the Assets/Liabilities Committee on the issue of the above mentioned series. This Final Terms comprises the final information required to issue and list the Mortgage Bonds series described herein pursuant to the HUF 200 billion Issue Program of FHB Land Credit and Mortgage Bank Ltd. (FHB Földhitel- és Jelzálogbank Részvénytársaság).] Signing of the Hungarian Asset Controller (vagyonellenőr).

6 Points of sale CIB Közép-európai Nemzetközi Bank Rt Budapest, Medve u Opening hours: Monday, Tuesday, Thursday: Wednesday: Friday: and the following branches of CIB Central European International Bank Ltd.: Budapest, Medve u , telefon: , fax: Budapest, Andrássy út 70., telefon: , fax: Budapest, Petőfi Sándor u. 9., telefon: , fax: Budapest, Hess A. tér 1-3., telefon: , fax: Budapest, István u. 8., telefon: , fax: Budapest, Kerepesi út 146., telefon: , fax: Budapest, Flórián tér 6-9., telefon: , fax: Budapest, Károly krt. 3/b., telefon: , fax: Budapest, József krt , telefon: , fax: Budapest, Szent István krt. 15., telefon: , fax: Budapest, Kékgolyó u. 1., telefon: , fax: Budapest, Krisztina tér 10., telefon: , fax: Dunakeszi, Casalgrande tér 4., telefon (27) , fax: Szentendre, Fő tér 14., telefon (26) , fax: (26) Szigetszentmiklós, Bajcsy Zs. u. 1/a, telefon: (24) , fax: (24) Törökbálint, Bajcsy-Zsilinszky u. 75., telefon: (23) , fax: (23) Érd, Budai út 22., telefon: 33/ , fax:33/ Opening hours of 1-17 branches: Monday, Tuesday, Thursday: , Wednesday: , Friday: Budapest, Gábor Áron u , Rózsakert Üzletház, telefon: , fax: Opening hours of the 18. branche: Monday, Tuesday: , Wednesday, Thursday, Friday: Békéscsaba, Andrássy út 2., telefon: (66) fax: (66) , és (66) Debrecen, Simonffy u. 2/a, telefon: (52) , fax: (52) Eger, Érsek u. 1., telefon: (36) , fax: (36) Gödöllő, Szabadság tér , telefon: (28) , fax: (28) Győr, Aradi vértanúk u. 10., telefon: (96) , fax: (96) Kaposvár, Fő u. 13., telefon: (82) , fax: (82) Miskolc, Déryné u. 11., telefon: (46) , fax: (46) és (46) Nyíregyháza, Hősök tere 7., telefon: (42) , fax: (42) Pécs, Ferencesek utcája 33., telefon: (72) , fax: (72) Szeged, Kiss Menyhért u. 1., telefon: (62) , fax: (62) Szeged, Mérey u. 6/c., telefon: (62) , fax: (62) Székesfehérvár, Távirda u. 2/b, telefon: (22) , fax: (22) Dunaújváros, Dózsa György út 2., telefon: (25) , fax: (25) Opening hours of branches: Monday, Tuesday, Thursday: , Wednesday: , Friday: Esztergom, Széchenyi tér 24., telefon: (33) , fax: (33) Gyöngyös, Szent Bertalan u. 1., telefon: (37) , fax: (37) Győr, Czuczor Gergely u. 26., telefon: (96) , fax: (96) Hódmezővásárhely, Deák Ferenc u. 15., telefon: (62) , fax: (62) Kecskemét, Széchenyi tér 14., telefon: (76) , fax: (76) Szekszárd, Garay tér 1., telefon: (74) , fax: (74) Mátészalka, Kazinczy u. 2., telefon: (44) , fax: (44) Nagykanizsa, Király u. 53., telefon: (93) , fax: (93) Orosháza, Széchenyi tér 1, telefon: (68) , fax: (68) Salgótarján, Rákóczi út 1-9., telefon: (32) , fax: (32) Sopron, Várkerület 73., telefon: (99) , fax: (99) Szolnok, Szapáry u. 22., telefon: (56) , fax: (56) Szombathely, Fő tér 33., telefon: (94) , fax: (94) Vác, Széchenyi u. 4-6., telefon: (27) , fax: (27)

7 Veszprém, Szeglethy u. 1., telefon: (88) , fax: (88) Zalaegerszeg, Kossuth Lajos utca 8-10., telefon: (92) , fax: (92) Baja, Déri Frigyes sétány 1-3., telefon: (79) , fax: (79) Kiskunfélegyháza, Kossuth u. 4., telefon: 76/ , fax: 76/ Siófok Szabadság tér 15., telefon: 84/ , fax: 84/ Opening hours of branches: Monday, Tuesday, Thursday: and , Wednesday: and , Friday: and Budapest, Lövőház. u. 7-9., telefon: , fax: Budapest, Váci út. 6., telefon: , fax: Budapest, Örs vezér tér 24., telefon: , fax: Budapest, Kossuth L. u , telefon: , fax: Budapest, Üllői út 431., telefon: , fax: Budapest, Pesti út. 170., telefon: , fax: Budapest, Tétényi út 63., telefon: , fax: Budapest, Váci út 141., telefon: , fax: Budapest, Baross tér 17., telefon: , fax: Budapest, Fehérvári út 130., telefon: , fax: Budapest, Hűvösvölgyi út 138., telefon: , fax: Budapest, Kálvin tér 4., telefon: , fax: Budapest, Teréz krt. 21., telefon: , fax: Budapest, Páskomliget u. 6., telefon: , fax: Budapest, Kossuth L., u. 82. telefon: , fax: Budapest, Mátyás kir. u. 24., telefon: , fax: Budapest, Kőrösi Csoma S. út 2-4., telefon: , fax: Opening hours of branches: Monday, Tuesday, Wednesday, Thursday: , Friday: Budapest, Bécsi út 154., telefon: , fax: Budapest, Nagytétényi út , telefon: , fax: Opening hours of branches: Monday, Tuesday, Wednesday, Thursday, Friday: ConCorde Securities Ltd Budapest, Alkotás utca 50. (Alkotás Point Irodaház) tel: fax: Opening hours: Monday-Friday: ConCorde Securities Ltd. Internet homepage: Dresdner Bank AG Hungarian Branch Office 1132 Budapest, Váci út tel: Fax : Opening hours: Monday, Tuesday, Thursday: ; Wednesday: ; Friday: Deutsche Bank Ltd Budapest Hold u. 27. tel: fax: Opening hours: Monday-Friday: Erste Bank Investment Ltd Budapest Madách I. út tel: fax: Opening hours: Monday-Friday: Hungarian Foreign Trade Bank Ltd Budapest, Váci u. 38. tel: fax: Opening hours: Monday-Thursday: Friday: Raiffeisen Bank Ltd.

8 1054 Budapest, Akadémia u. 6. tel: , fax: Opening hours: Monday-Friday: and the following branches of Raiffeisen Bank Ltd. : Debrecen, Péterfia utca 18. (Plaza) tel: 52/ fax: 52/ Opening hours: Monday- Friday: Győr, Arany János u tel: 96/ fax: 96/ Opening hours: Monday-Thursday: , Friday: Kecskemét, Kisfaludy utca 5. tel: 76/ fax: 76/ Opening hours: Monday-Friday: Miskolc, Bajcsy Zsilinszky utca 2-4. (Szinva park) tel: 46/ fax: 46/ Opening hours: Monday-Friday: Pécs, Irgalmasok útja 20. tel: 72/ fax: 72/ Opening hours: Monday-Friday: Szeged, Kossuth Lajos sugárút tel: 62/ fax: 62/ Opening hours: Monday- Friday: , Székesfehérvár, Palotai út 1. (Albaplaza) tel: 22/ fax: 22/ Opening hours Monday, Tuesday, Wednesday, Friday: Thursday: Szombathely, Fő tér 36. tel: 94/ fax: 94/ Opening hours: Monday-Thursday: Friday: