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: 01-10-043638, 18.03.1998, head office: H-1132 Budapest, Váci út 20.) (hereinafter: Issuer, FHB Ltd. or Bank ) the Issuer shall launch the HUF 200 billion 2005-2006 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 2005-2006 Issue Program of the FHB Ltd.: E-III./10.330/2005. 05. October 2005. 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.20. 2. (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 10,000,000,000 5. Issue Price (per Mortgage Bond) or minimal issue price if any: 6. Specified Denomination: HUF 10,000 7. Pieces: (i) Series: 1,000,000 (ii) Tranche: 1,000,000 8. (i) Issue Date : 12. 10.2005.
(ii) Interest Commencement Date: 12.10.2005. 9. Settlement Date: 12.10.2005. 10. Value Date: 12.10.2005. 11. Maturity Date: 12.10.2011. 12. 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:
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. 4-14.), ConCorde Security Ltd. (1123 Budapest, Alkotás utca. 50.), Dresdner Bank AG Hungarian Branch Office: (1132 Budapest Váci út 20-26.), Deutsche Bank Ltd. (1054 Budapest, Hold u. 27.) Erste Bank Investment Ltd. (1075 Budapest Madách I. út 13-15.),
Raiffeisen Bank Ltd. (1054 Budapest, Akadémia u. 6.) 31. Guarantor(s) (if any): CIB Bank Ltd. (1027 Budapest, Medve u. 4-14.), 32. Market maker(s): ConCorde Security Ltd. (1123 Budapest, Alkotás utca. 50.), Dresdner Bank AG Hungarian Branch Office: (1132 Budapest Váci út 20-26.), Deutsche Bank Ltd. (1054 Budapest, Hold u. 27.) Erste Bank Investment Ltd. (1075 Budapest Madách I. út 13-15.), 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 10.10.2005 11.00-12.00 local time Erste Bank Investment Ltd. (1075 Budapest Madách I. út 13-15.), 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 2005. 12.00-13.00 local time 12 th October 2005. 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.: 10700017-00861104-59900005, ConCorde Security Ltd.:10900028-00000002- 35240903, Dresdner Bank AG Hungarian Branch Office: 17400000-00000003-00167005, Deutsche Bank Ltd: 16300000-01000249-28006402 Erste Bank Investment Ltd.: 11600006-00000000- 03933631, MKB Bank Ltd.: 10300002-20190196-70073285,
38. Places of payment 39. ISIN: 40. Alphabetical code of Series: 41. (insert other): Raiffeisen Bank Ltd.: 12001008-00221895-02000001 FHB Rt.: 16801680-09005806. Paying Agent HU0000651476 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 2005-2006 Issue Program of the FHB Ltd. related to the above mentioned Issuance: E-III./10.330/2005. 05.October 2005. The base of the issue: the No. 80/2005 (14.09.2005.) 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 2005-2006 Issue Program of FHB Land Credit and Mortgage Bank Ltd. (FHB Földhitel- és Jelzálogbank Részvénytársaság).] Signing of the Hungarian Asset Controller (vagyonellenőr).
Points of sale CIB Közép-európai Nemzetközi Bank Rt. 1027 Budapest, Medve u. 4-14. Opening hours: Monday, Tuesday, Thursday: 8.30-15.00 Wednesday: 8.30-18.00 Friday: 8.30-13.30 and the following branches of CIB Central European International Bank Ltd.: 1. 1027 Budapest, Medve u. 4-14., telefon: 212-1330, fax: 212-4200 2. 1062 Budapest, Andrássy út 70., telefon: 302-7701, fax: 374-8680 3. 1052 Budapest, Petőfi Sándor u. 9., telefon: 485-5090, fax: 485-5096 4. 1014 Budapest, Hess A. tér 1-3., telefon: 489-5900, fax: 489-5909 5. 1043 Budapest, István u. 8., telefon: 231-6050, fax: 379-0670 6. 1144 Budapest, Kerepesi út 146., telefon: 470-4060, fax: 470-4069 7. 1033 Budapest, Flórián tér 6-9., telefon: 453-5000, fax: 453-5009 8. 1075 Budapest, Károly krt. 3/b., telefon: 479-7050, fax: 479-7059 9. 1085 Budapest, József krt. 59-61., telefon:485-5080, fax: 485-5089 10. 1055 Budapest, Szent István krt. 15., telefon: 474-9040, fax: 474-9049 11. 1122 Budapest, Kékgolyó u. 1., telefon: 489-4280, fax: 489-4289 12. 1013 Budapest, Krisztina tér 10., telefon: 224-7160, fax: 224-7169 13. 2120 Dunakeszi, Casalgrande tér 4., telefon (27) 542-720, fax: 542-729 14. 2000 Szentendre, Fő tér 14., telefon (26) 501-270, fax: (26) 501-279 15. 2310 Szigetszentmiklós, Bajcsy Zs. u. 1/a, telefon: (24)525-630, fax: (24) 525-639 16. 2045 Törökbálint, Bajcsy-Zsilinszky u. 75., telefon: (23) 511-100, fax: (23) 511-109 17. 2030 Érd, Budai út 22., telefon: 33/510-010, fax:33/510-020 Opening hours of 1-17 branches: Monday, Tuesday, Thursday: 8.30-16.00, Wednesday: 8.30-18.00, Friday: 8.30-14.30. 18. 1026 Budapest, Gábor Áron u. 74-78., Rózsakert Üzletház, telefon: 392-0640, fax: 392-0649 Opening hours of the 18. branche: Monday, Tuesday: 9.30-15.00, Wednesday, Thursday, Friday: 9.30-18.00. 19. 5600 Békéscsaba, Andrássy út 2., telefon: (66) 520-220 fax: (66) 520-228, és (66) 540-212 20. 4025 Debrecen, Simonffy u. 2/a, telefon: (52) 442-201, fax: (52) 500-529 21. 3300 Eger, Érsek u. 1., telefon: (36) 510-569, fax: (36) 510-569 22. 2100 Gödöllő, Szabadság tér 16-17., telefon: (28) 520-520, fax: (28) 520-529 23. 9021Győr, Aradi vértanúk u. 10., telefon: (96) 511-500, fax: (96) 316-996 24. 7400 Kaposvár, Fő u. 13., telefon: (82) 529-090, fax: (82) 529-099 25. 3525 Miskolc, Déryné u. 11., telefon: (46) 412-399, fax: (46) 412-443 és (46) 412-516 26. 4400 Nyíregyháza, Hősök tere 7., telefon: (42) 422-000, fax: (42) 311-741 27. 7621 Pécs, Ferencesek utcája 33., telefon: (72) 213-700, fax: (72) 213-563 28. 6720 Szeged, Kiss Menyhért u. 1., telefon: (62) 425-425, fax: (62) 425-495 29. 6722 Szeged, Mérey u. 6/c., telefon: (62) 554-910, fax: (62) 554-919 30. 8000 Székesfehérvár, Távirda u. 2/b, telefon: (22) 513-500, fax: (22) 513-518 31. 2400 Dunaújváros, Dózsa György út 2., telefon: (25) 510-210, fax: (25) 510-219 Opening hours of 19-31 branches: Monday, Tuesday, Thursday: 8.30-16.00, Wednesday: 8.30-17.00, Friday: 8.30-14.30. 32. 2500 Esztergom, Széchenyi tér 24., telefon: (33) 510-010, fax: (33) 510-019 33. 3200 Gyöngyös, Szent Bertalan u. 1., telefon: (37) 505-010, fax: (37) 505-019 34. 9022 Győr, Czuczor Gergely u. 26., telefon: (96) 511-240, fax: (96) 511-249 35. 6800 Hódmezővásárhely, Deák Ferenc u. 15., telefon: (62) 535-260, fax: (62) 535-269 36. 6000 Kecskemét, Széchenyi tér 14., telefon: (76) 500-470, fax: (76) 603-190 37. 7100 Szekszárd, Garay tér 1., telefon: (74) 529-340, fax: (74) 529-349 38. 4700 Mátészalka, Kazinczy u. 2., telefon: (44) 500-730, fax: (44) 500-749 39. 8800 Nagykanizsa, Király u. 53., telefon: (93) 537-280, fax: (93) 537-289 40. 5900 Orosháza, Széchenyi tér 1, telefon: (68) 510-240, fax: (68) 510-249 41. 3100 Salgótarján, Rákóczi út 1-9., telefon: (32) 520-150, fax: (32) 520-159 42. 9400 Sopron, Várkerület 73., telefon: (99) 505-720, fax: (99) 505-739 43. 5000 Szolnok, Szapáry u. 22., telefon: (56) 511-290, fax: (56) 511-299 44. 9700 Szombathely, Fő tér 33., telefon: (94) 340-531, fax: (94) 340-533 45. 2600 Vác, Széchenyi u. 4-6., telefon: (27) 511-200, fax: (27) 511-209
46. 8200 Veszprém, Szeglethy u. 1., telefon: (88) 590-350, fax: (88) 590-367 47. 8900 Zalaegerszeg, Kossuth Lajos utca 8-10., telefon: (92) 328-145, fax: (92) 328-166 48. 6500 Baja, Déri Frigyes sétány 1-3., telefon: (79) 523-130, fax: (79) 523-139 49. 6100 Kiskunfélegyháza, Kossuth u. 4., telefon: 76/561-500, fax: 76/561-509 50. 8600 Siófok Szabadság tér 15., telefon: 84/519-000, fax: 84/519-009 Opening hours of 32-50 branches: Monday, Tuesday, Thursday: 8.30-12.30 and 13.00-16.00, Wednesday: 8.30-12.30 and 13.00-17.00, Friday: 8.30-12.30 and 13.00-14.30. 51. 1024 Budapest, Lövőház. u. 7-9., telefon: 336-2250, fax: 336-2259 52. 1139 Budapest, Váci út. 6., telefon: 237-8000, fax: 237-8009 53. 1148 Budapest, Örs vezér tér 24., telefon: 422-3860, fax: 422-3869 54. 1203 Budapest, Kossuth L. u. 21-29., telefon: 289-5060, fax: 289-5069 55. 1181 Budapest, Üllői út 431., telefon: 297-1290, fax: 297-1299 56. 1173 Budapest, Pesti út. 170., telefon: 254-0240, fax: 254-0249 57. 1117 Budapest, Tétényi út 63., telefon: 382-7070, fax: 382-7079 58. 1138 Budapest, Váci út 141., telefon: 450-2570, fax: 450-2579.- 59. 1077 Budapest, Baross tér 17., telefon: 461-2090, fax: 461-2099 60. 1116 Budapest, Fehérvári út 130., telefon: 382-0670, fax: 382-0679 61. 1021 Budapest, Hűvösvölgyi út 138., telefon: 391-0630, fax: 391-0639 62. 1053 Budapest, Kálvin tér 4., telefon: 411-2650, fax: 411-2659 63. 1064 Budapest, Teréz krt. 21., telefon: 354-2420, fax: 354-2429 64. 1156 Budapest, Páskomliget u. 6., telefon: 414-7020, fax: 414-7029 65. 48. 1211 Budapest, Kossuth L., u. 82. telefon: 278-5200, fax: 278-5209 66. 1039 Budapest, Mátyás kir. u. 24., telefon: 436-0890, fax: 436-0899 67. 1102 Budapest, Kőrösi Csoma S. út 2-4., telefon: 433-1830, fax: 433-1839 Opening hours of 51-67. branches: Monday, Tuesday, Wednesday, Thursday: 8.00-18.00, Friday: 8.00-16.00 68. 1032 Budapest, Bécsi út 154., telefon: 436-9680, fax: 436-9689 69. 1222 Budapest, Nagytétényi út 37-43., telefon: 424-0940, fax: 424-0949 Opening hours of 68-69. branches: Monday, Tuesday, Wednesday, Thursday, Friday: 10.00-18.00. ConCorde Securities Ltd. 1123 Budapest, Alkotás utca 50. (Alkotás Point Irodaház) tel: 489-2200 fax: 489-2201 Opening hours: Monday-Friday: 9.00-17.00 ConCorde Securities Ltd. Internet homepage: www.cd.hu info@cd.hu Dresdner Bank AG Hungarian Branch Office 1132 Budapest, Váci út 20-26. tel: 465-5555 Fax : 465-5550 Opening hours: Monday, Tuesday, Thursday: 8.30-16.00; Wednesday: 8.30-18.00; Friday: 8.30-15.00 Deutsche Bank Ltd. 1054 Budapest Hold u. 27. tel:301-3700 fax: 301-3739 Opening hours: Monday-Friday:8.30-15.00 Erste Bank Investment Ltd. 1075 Budapest Madách I. út 13-15. tel:23-55-100 fax: 23-55-159 Opening hours: Monday-Friday: 9.00-16.30 Hungarian Foreign Trade Bank Ltd. 1056 Budapest, Váci u. 38. tel: 268-7871 fax: 268-7019 Opening hours: Monday-Thursday: 8.00-16.30 Friday: 8.00-15.00 Raiffeisen Bank Ltd.
1054 Budapest, Akadémia u. 6. tel: 484-4854, fax: 266-2554 Opening hours: Monday-Friday: 9.00-16.00 and the following branches of Raiffeisen Bank Ltd. : 1. 4026 Debrecen, Péterfia utca 18. (Plaza) tel: 52/503-350 fax: 52/503-355 Opening hours: Monday- Friday: 9.00-17.00 2. 9022 Győr, Arany János u. 28-32. tel: 96/514-860 fax: 96/514-899 Opening hours: Monday-Thursday: 8.30-17.00, Friday: 8.30-16.00 3. 6000 Kecskemét, Kisfaludy utca 5. tel: 76/503-503 fax: 76/053-504 Opening hours: Monday-Friday: 9.00-17.00 4. 3527 Miskolc, Bajcsy Zsilinszky utca 2-4. (Szinva park) tel: 46/501-560 fax: 46/501-566 Opening hours: Monday-Friday: 9.00-17.00 5. 7621 Pécs, Irgalmasok útja 20. tel: 72/518-802 fax: 72/518-883 Opening hours: Monday-Friday: 8.30-17.00 6. 6722 Szeged, Kossuth Lajos sugárút 9-13. tel: 62/549-700 fax: 62/459-701 Opening hours: Monday- Friday: 8.30-12.00, 13.00-15.30-16.30 7. 8000 Székesfehérvár, Palotai út 1. (Albaplaza) tel: 22/511-950 fax: 22/511-955 Opening hours Monday, Tuesday, Wednesday, Friday: 9.00-17.00 Thursday:9.00-17.30 8. 9700 Szombathely, Fő tér 36. tel: 94/506-790 fax: 94/506-690 Opening hours: Monday-Thursday: 8.00-17.00 Friday: 8.00-16.00