Disclosure Report

Legal requirements on disclosure of credit institutions and investment firms have been enhanced with the European implementation of Basel III, more specifically the Directive 2013/36/EU (Access to the activity of credit institutions, the prudential supervision of credit institutions and investment firms, “CRD IV”) as well as the Regulation EU No. 575/2013 (Prudential requirements for credit institutions and investment firms, “CRR”), and became effective on January 1, 2014.

Part 8 of the CRR requires institutions to disclose a set of statutory information at least on an annual basis. Furthermore institutions are obliged to assess the necessity of disclosing specific information more frequently than annually.

The Circular of the Federal Financial Supervisory Authority 2015/05 (BA), the national implementation of the EBA Guidelines on materiality, proprietary, confidentiality and on disclosure frequency (EBA/GL/2014/14), determines the relevant indicators for assessment of the disclosure frequency and points out which items should be considered to be relevant for disclosure during the year. A disclosure more frequently than annually has to be especially considered if the institution’s total consolidated assets exceed 30 billion Euro.

State Street Europe Holdings Germany S.à r.l. & Co. KG Group (“SSEHG Group”) fulfills the above mentioned criteria, therefore a consolidated disclosure report is being disclosed during the year, in addition to the required annual disclosure.

State Street Bank International GmbH (“SSB Intl GmbH”), operating under the name of State Street Bank GmbH until April 5, 2016, being the superordinate bank in accordance with Art. 11 (2) Sent. 2 CRR prepares this consolidated Disclosure Report for the Group.

Due to the fact that the total balance sheet of SSB Intl GmbH also exceeds the threshold of 30 billion Euro, SSB Intl GmbH fulfills with this same report the disclosure requirements on an individual basis as a significant subsidiary of SSEHG KG pursuant to Art. 13 (2) CRR i.c.w. the above mentioned Circular.

This disclosure report of SSEHG Group aims to fulfil the prudential transparency rules to allow market participants to evaluate the Group’s capital adequacy and risk profile by means of disclosure of information regarding risk positions and own funds..