Article 1

1.

The measures which Germany implemented and is planning to implement for WestLB consisting of:

a)

the 2009 EUR 5 billion risk shield for the Phoenix portfolio;

b)

the 2010 EUR 3 billion capital injection in the context of the first asset transfer;

c)

the 2010 first asset transfer to Erste Abwicklungsanstalt with an aid amount of EUR 10,812 billion;

d)

the 2012 second transfer to Erste Abwicklungsanstalt with an aid amount of EUR [1,3-2,6] billion;

e)

the 2012 additional capital instrument for SPM bank of EUR 1 billion;

f)

the 2012 additional loss coverage of EUR [0,5-2,0] billion by Land NRW for SPM bank; and

g)

the provision of liquidity support by the WestLB AG shareholders in the first half of 2012 […] constitute state aid.

2.

The aid referred to in paragraph 1 is compatible with the internal market in the light of the commitments set out in the Annex.