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					K&H Bank Zrt.

1051 Budapest, Vigadó tér 1.
Phone: (06 1) 328 9000, (06 70) 461 9000
Fax: (06 1) 328 9696
www.kh.hu • bank@kh.hu



announcement
                   ON THE BANK ACCOUNTS, DEPOSIT ACCOUNTS AND TERM DEPOSITS
                                OF PRIVATE INDIVIDUAL CUSTOMERS

                                                                                                                            Appendix 4
                                                 FORINT INTEREST RATE
                                                   ANNOUNCEMENT

1.   HUF term deposits

1.1. K&H XXL deposit
                                                                                          Effective from: May 23, 2011
     Term deposit interest:         Annual interest rate ( % )                                  AER ( % )
                 Term                                            500 000 – 50 000 000 HUF
                60 days                                  7.50                                     7.50

Fixed amount: minimum HUF 500,000 and maximum HUF 50 million per client.
If there are two account holders associated with the account(s), when calculating the total balance of the Client’s
deposits, the Bank will consider as Account Holder the person defined as such in the related account management
agreement.

Amounts placed under K&H XXL deposit product may involve only new deposit.

New deposit: any amount shall be deemed a new deposit which comes from outside the Bank, and by which
amount, on the date of fixing, it exceeds the total closing balance (calculated at the NBH rate of the current day) of
the client’s HUF and currency deposits and savings accounts, K&H mutual funds, deposited on K&H securities
accounts, as well as amounts invested in K&H unit-linked life insurance products (K&H maximum, K&H optimum,
K&H Hozamlánc, K&H Hozambiztos life insurance products/K&H safe reserve), as compared to the closing
balance calculated with the same method for the last banking day of the calendar month preceding the date of
fixing.

The Bank reserves the right to reject a deposit fixing order related to the above mentioned products if
   -   the increase in the total balance of the customer’s savings and deposits at the Bank in the given month
       originates from a source that was already managed by the Bank, and results from a transaction whereby
       the client withdraws cash from his or her own account, or transfers or withdraws cash from the account of a
       close relative, and then deposits, within a short time (30 days), the amount to the client’s account; or
   -   the amount to be fixed is derived from re-transferring an amount within a short time, i.e. within 60 days,
       which was formerly transferred to his or her own account or the account of the client’s close relative, kept
       by another bank, or
   -   the amount to be fixed exceeds the announced maximum amount to be placed into the deposit.

K&H XXL deposit may be opened from K&H secure reserve deposit account.

The above interest rate shall be applicable to one term only; after the expiration of the deposit, it is credited to
the term deposit account together with the interest there on. The interest rate is a fixed rate and paid on the
entire amount of the term deposit.

K&H XXL deposit may be fixed throughout the Bank’s branch network and via the K&H TeleCenter.




                                             announcement for private persons bank
                                                                                                  FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                           accounts, deposit accounts and term deposits           OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                     OLYMPIC TEAM          PARALYMPIC TEAM
                                                         2




1.2. K&H ‘Regular Customer’ deposit
                                                                           Effective from: May 23, 2011
    Fixed deposit
                                           Annual interest ( % )                        AER ( % )
    interest rate:
          Tenor                              from HUF 500,000 to HUF 5,000,000
                          for a client with minimum 5 of K&H
                                                                        6.00               6.00
                               Bank’s products/services
          60 days
                          for a client with minimum 7 of K&H
                                                                        6.25               6.25
                               Bank’s products/services

The minimum amount to be placed into K&H Regular Customer deposit is HUF 500,000. The maximum overall
amount to be placed by the client into this type of deposit cannot exceed HUF 5 million per client.

In case the account has two owners (co-owner account), in establishing the deposit amount and checking the
conditions, the Bank shell treats as “client” the main account holder, i.e. the person registered in the account
agreement as “Account holder”.

The deposit may be fixed from K&H ‘safe savings’ account, K&H ‘trambulin savings’ deposit account and K&H l/t
deposit account.
Conditions for term deposit fixing:
The client must use at least 5 or 7 products/services offered by K&H Bank Group.
If the client has several products within the same product category (e.g., K&H open-ended investment funds, K&H
‘Yield Chain’ investment-type life insurance), then, from the perspective of establishing the conditions for a K&H
‘Regular Customer’ deposit, products within the following categories are treated as a single product.

          1   K&H retail HUF and FX accounts
          2   K&H direct debits (group collection)
          3   K&H overdraft facility
          4   Transfer of wages and/or pension benefits to K&H retail account
          5   K&H safe reserve account, K&H trambulin savings deposit accounts
          6   K&H retail debit bankcard
          7   K&H retail credit card
          8   K&H pension savings account
          9   K&H open-ended investment funds
         10   K&H closed-end investment funds
         11   K&H standing investment-note purchase order
         12   K&H housing loans
         13   K&H personal loans
         14   K&H regular-premium investment-type life insurance
         15   K&H ‘Yield Chain’ investment-type life insurance
         16   K&H risk life insurance
         17   K&H yield-guaranteed life insurance
         18   K&H mandatory vehicle liability insurance
         19   K&H casco (comprehensive car) insurance
         20   K&H start ‘nest’ and ‘nest’ home insurance

The Bank checks the conditions and the existence of the above products and services on the day of
deposit fixing based on effective contracts for the given products and services valid three banking days
prior thereto (hereinafter: date of product verification).

In the case of wage and pension benefit transfers the Bank checks whether a wage or pension transfer of
minimum HUF 50,000 has been made onto one of the client's accounts during the two months prior to the date of
the product check.




                                     announcement for private persons bank
                                   accounts, deposit accounts and term deposits
                                                                                              FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                                                                              OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                 OLYMPIC TEAM          PARALYMPIC TEAM

                                                         2
                                                           3




The Bank recognizes K&H open-ended and closed-end investment funds as existing products, provided
settlement has been performed by the date of the product check (i.e. the order has been executed in the securities
account and/or the investment fund has been credited). Following the day of conversion, derivative open-ended
funds are moved in the category of K&H open-ended investment funds.
The interest rates quoted above apply to a single tenor; at maturity the fixed principal and interest are paid
back onto the account from which the original funds were taken. The K&H ‘Regular Customer’ deposit comes with
a fixed interest, which applies for the entire deposit amount.

The term deposit may be set up in the Bank's branch network.


1.3. K&H mix savings                                                         Effective from: May 2, 2011

The Bank applies the interest rates shown below for the HUF term deposits of natural persons, if at the time of
placing the deposit the client invests in the (HUF or foreign currency) products listed below, i.e. he/she subscribes
for units in investment fund, buys such investment fund units or takes out an endowment policy (savings-type life
insurance).
1.3.1. In case of subscription for K&H closed-end funds and closed-end asset funds are purchased pursuant to the
framework agreement on K&H hozamlánc (yield chain) unit-linked life insurance [except the K&H hozamplusz
(yield plus) series], and entry into a K&H hozambiztos (yield secure) life insurance contract:


                         Proportion of investment       Annual interest rate for       AER for the fixed K&H
           Term           within the total savings         the fixed K&H mix            mix savings deposit
                                  amount                savings deposit amount                amount

                                 25 – 49%                          8.00 %                      8.00 %
          60 days
                               50% and above                      10.00 %                      10.00 %
          180 days             50% and above                       9.00%                       9.00 %

For the purposes of the K&H mix savings product, the amount of funds, calculated at net asset value, which remain
– during the Transition as well as the Protected periods – in funds that transform into open-ended funds (derivate
open-ended funds), or which are used for purchasing new investment units in the Transition and in the Protected
period, will be deemed as a subscription. (For more details about the above investment funds, see the relevant
Funds’ Prospectuses and Fund Management Regulations.)

1.3.2. In case the client buys K&H open-ended investment fund units (except for K&H capital guaranteed money
market investment units and open-ended investment unit derivatives), and provided that the purchased investment
fund units are deposited on the client’s K&H Pillar 4 pension savings account (NYESZ-R), or K&H permanent
savings account (TBSZ):


                         Proportion of investment        Annual interest rate for         AER for the fixed
            Term          within the total savings          the fixed K&H mix             K&H mix savings
                                  amount                 savings deposit amount           deposit amount

          180 days             50% and above                       7.00 %                       7.00 %

The open-ended investment units thus purchased will be separated on an account of the client opened for this
particular purpose for a term of 180 days after the filing of the purchase order. If the investment fund units are sold
within 180 days (fully or partially) in addition to the regular redemption commission a cancellation fee will apply at a
rate determined in the Investment Services Announcement.




                                       announcement for private persons bank
                                     accounts, deposit accounts and term deposits
                                                                                                  FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                                                                                  OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                     OLYMPIC TEAM          PARALYMPIC TEAM

                                                           3
                                                          4




The yield of the investment fund which is the other element of the K&H mix savings offer (as described in Section
1.3.1.,1.3.2.) will vary with the yield of the assets in the fund. Past yields of a fund represent no guarantee for
future yields thereof.

1.3.3. Open-end asset funds are purchased pursuant to the framework agreement on K&H hozamlánc (yield chain)
unit-linked life insurance (except money market asset funds):


                        Proportion of investment        Annual interest rate for          AER for the fixed
            Term         within the total savings          the fixed K&H mix              K&H mix savings
                                 amount                 savings deposit amount            deposit amount

          60 days             50% and above                       7.00 %                        7.00 %
          180 days            50% and above                       7.00 %                        7.00 %

For a more detailed description of the conditions to the investment element of the K&H mix savings product – e.g.
the maximum amount of investments – see the Announcement on investment services and securities operations,
and the Fund’s Prospectus and Fund Management Regulations of each fund or, in the case of unit-linked
insurance products, the contractual conditions to each life insurance product.

Minimum amount of deposit to be placed as part of K&H mix savings:                  HUF 50,000
Minimum amount of subscription of investment fund units by one investor:           HUF 100,000
Minimum amount of subscription / purchase of savings life insurance products by the investor depends on the
minimum fee or minimum one-off fee of the related life insurance product.

The deposit placed as part of K&H mix savings must be placed in one single sum, concurrently to making
investment in the other element of the K&H mix savings product (investment fund, life insurance product), and in
the same branch where the subscription takes place or the contract is made.
The above interest rates shall apply to one term only. After the end of the term, the fixed deposit and the
interest accrued will be credited to the account from where the funds placed as a deposit originate.

The HUF equivalent of foreign currency balances will be converted at the exchange rate quoted by the National
Bank of Hungary on the day of conversion.

If two account holders belong to the account from where the funds used for placing the deposit originate), then –
for the purposes of K&H mix savings – K&H Bank will deem the balance of this account to be a balance belonging
to the client specified as “Account holder” in the relevant Account Agreement (main account holder).

1.4. K&H inflation plus deposit
                                                                                   Effective from July 1, 2011
                                  Interest name and rate
                                    (annual interest rate)                 Initial interest rate / AER (%)
           Term                                                          (valid for the first monthly interest
                          Inflation interest    Premium interest
                                                                          rate cycle / annual interest rate)
                           rate / AER ( % )      rate / AER ( % )

         180 days                3.90                  2.50                              6.40

The minimum amount to be deposited: 50,000 HUF.

K&H inflation plus is a deposit with a variable interest rate. The interest rate of this deposit follows the annual
inflation rate (%), i.e., the average consumer price changes (expressed in %) for 12 months, calculated and
officially published by the Hungarian Central Statistical Office (HCSO) each month. The Bank applies the inflation
interest rate for monthly interest rate cycles, whereby the official rate of inflation applicable to a particular month
determines the inflation interest of the K&H inflation plus deposits for the second subsequent month, to which the
premium interest rate is added.



                                      announcement for private persons bank
                                    accounts, deposit accounts and term deposits
                                                                                                   FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                                                                                   OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                      OLYMPIC TEAM          PARALYMPIC TEAM

                                                          4
                                                          5




Only new savings are eligible for K&H inflation plus deposits.
New deposit:
any amount shall be deemed a new deposit which comes from outside the bank and reflects the difference
between the total closing balance (calculated at the NBH rate of the current day) of the client’s HUF and currency
deposits and savings accounts, K&H mutual funds, deposited on K&H securities accounts, as well as amounts
invested in K&H unit-linked life insurance products (K&H maximum, K&H optimum, K&H Hozamlánc, K&H
Hozambiztos life insurance products), and the closing balance calculated with the same method for the last
working day of the calendar month preceding the date of fixing.
The Bank retains the right to reject a deposit fixing order related to the above mentioned products if
      -   the increase in the total balance of the customer’s savings and deposits at the Bank in the given month
          originates from a source that was already managed by the Bank, and results from a transaction whereby
          the client withdraws cash from his or her own account, or transfers or withdraws cash from the account of a
          close relative, and then deposits, within a short time (30 days), the amount to the client’s account; or
      -   the amount to be fixed is derived from re-transferring an amount (within a short time, i.e., within 60 days)
          which was formerly transferred to his or her own account or the account of the client’s close relative, kept
          by another bank.
If there are two account holders associated with the account(s), the Bank will calculate the total balance of the
Client’s deposits deeming the balance(s) of the account(s) the deposit balance of the client defined as Account
Holder in the related account management agreement.
Monthly interest rate cycles: the period between the first and the last calendar days of the current month. If the
first calendar day of the current month is a bank holiday, the next banking day will be the first day of the interest
rate cycle.
Initial interest rate: the aggregate amount of the Inflation Interest Rate and the Premium Interest Rate applicable
on the day of fixing, which is applied only for the first interest rate cycle of the term (tenor).
Inflation interest rate: the interest rate applicable to the current monthly interest rate cycle period and published
on a monthly basis.
Premium interest rate: a premium interest rate value specified by the Bank whose changes do not affect deposits
which are already fixed (i.e. the premium interest rate applicable at the time of fixing a deposit is applicable to the
entire deposit term).
Interest amount calculated for the entire term of a fixed deposit: the deposit earns interest at a variable rate
during the term of the deposit. The interest amount due upon maturity is calculated based on the duration of the
interest rate cycles of the deposit term, proportional to time, using the aggregate rate of the Inflation interest rate
applicable to monthly interest rate cycles and the Premium interest rate applicable on the day of fixing

Interest is credited at the end of the term. The deposit may only be fixed for one term. Upon maturity, the term
deposit as well as the interest thereon shall be credited to the source account (the bank or deposit account from
which the deposit was fixed).

The deposit may be fixed from K&H ‘safe savings’ account, K&H ‘trambulin savings’ deposit account and K&H l/t
deposit account.

The deposit may be fixed throughout the Bank’s branch network and via K&H TeleCenter.




                                      announcement for private persons bank
                                    accounts, deposit accounts and term deposits
                                                                                                FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                                                                                OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                   OLYMPIC TEAM          PARALYMPIC TEAM

                                                          5
                                                             6




The interest rates indicated in the table below are provided for information purposes, and they include the
Inflation interest rate, the Premium interest rate and the Initial interest rate applicable in the interest period
concerned, i.e. the interest rates applicable in the first interest rate cycle.

                                                                Interest name and rate
                                                                  (annual interest rate)
        Period of interest rate
               cycles                                                                 Initial interest rate / AER %
                                    Inflation interest      Premium interest
                                                                                     (applicable in the first monthly
                                     rate / AER ( % )        rate/ AER ( % )
                                                                                            interest rate cycle)
    01.12. 2010 – 02.01. 2011.            4.20                       0.80                          5.00
    03.01. 2011 – 09.01. 2011.            4.20                       0.80                          5.00
    10.01. 2011 – 31.01. 2011             4.20                       2.00                          6.20
    01.02. 2011 – 28.02. 2011             4.70                       2.00                          6.70
    01.03. 2011 – 15.03. 2011             4.00                       2.00                          6.00
    16.03. 2011 – 31.03. 2011             4.00                       2.50                          6.50
    01.04. 2011 – 02.05. 2011             4.10                       2.50                          6.60
    02.05. 2011 – 31.05. 2011             4.50                       2.50                          7.00
    01.06. 2011 – 30. 06. 2011            4.70                       2.50                          7.20
    as from 01. 07. 2011                  3.90                       2.50                          6.40

1.5. K&H HUF term deposit
                                                                               Effective from: January 10, 2011
                                                           HUF              HUF              HUF
                   Interest rate/   HUF 50,000 -                                                              From HUF
       Term                                              500,000 -      1,000,000 -      5,000,000 -
                     AER ( % )        499,999                                                                 10,000,000
                                                          999,999        4,999,999        9,999,999

                   Interest rate        0.90               2.50             3.00            3.50                    4.00
     30 days
                       AER              0.90               2.53             3.04            3.56                    4.07
                   Interest rate        0.60               2.20             2.70            3.20                    3.70
     60 days
                       AER              0.60               2.22             2.73            3.24                    3.76
                   Interest rate        1.90               3.50             4.00            4.50                    5.00
    180 days
                       AER              1.91               3.53             4.04            4.55                    5.06
                   Interest rate        2.65               4.25             4.75            5.25                    5.75
    365 days
                       AER              2.65               4.25             4.75            5.25                    5.75

1.6. K&H extra deposit
                                                                                      Effective from: May 10, 2010
                                                           HUF              HUF              HUF
                   Interest rate/   HUF 50,000 -                                                              From HUF
       Term                                              500,000 -      1,000,000 -      5,000,000 -
                     AER (%)          499,999                                                                 10,000,000
                                                          999,999        4,999,999        9,999,999
                   Interest rate        1.10               2.60             3.10            4.10                    4.75
     60 days
                       AER              1.11               2.63             3.14            4.17                    4.85

1.7. K&H top interest deposit
                                                                                      Effective from: April 19, 2010
                                                           HUF              HUF              HUF
                   Interest rate/   HUF 50,000 -                                                              From HUF
       Term                                              500,000 -      1,000,000 -      5,000,000 -
                     AER (%)          499,999                                                                 10,000,000
                                                          999,999        4,999,999        9,999,999
                   Interest rate        1.00               2.50             4.00            4.00                    4.00
     90 days
                       AER              1.00               2.52             4.06            4.06                    4.06

Minimum fixed amount:                                HUF 50,000




                                      announcement for private persons bank
                                    accounts, deposit accounts and term deposits
                                                                                                          FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                                                                                          OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                             OLYMPIC TEAM          PARALYMPIC TEAM

                                                             6
                                                                     7




The EBKM figures of the term deposits in point 1 refer to continuously repeating term deposits. In the case of one-
off term deposits the rate of interests are equal to the EBKM.

Term deposits are threshold-rate instruments, i.e., the entire balance earns interest at the rate specified for the tier.
The term deposits earn fixed interest (except: K&H inflation plus deposit) and no amounts may be withdrawn on
them during their term. If a withdrawal is made on the term deposit before its maturity date, the amount withdrawn
will earn interest at the rate of on-demand interest applicable to K&H retail bank accounts effective on the day of
fixing and/or the last accounting date of the deposit. Pledged or blocked safety deposits earn interest as specified
under the terms and conditions for the K&H HUF term deposit.

2. K&H premium savings account
                                                                                            Effective from May 23, 2011
                                                                                                           Standardised
                              Description                                    Annual interest rate (%)     deposit interest
                                                                                                              rate (%)
      Basic interest rate:                                                            3.00                      3.04
      Premium interest rate:
                                                                                          4.00                                  4.04
      between 500,000 – 50,000,000 HUF*

      Basic plus premium interest rate:
                                                                                          7.00                                  7.08
      between 500,000 – 50,000,000 HUF*
     *The premium interest rate applies to HUF 0-50 million of the minimum account balance, provided that the lowest daily closing balance
     (minimum account balance) during the premium savings period is at least HUF 500,000.

Minimum opening balance:                                      none

The K&H premium savings account is a deposit account without any preconditions for opening, on which the Bank
pays and credits a basic interest once a month plus premium interest twice a year.

Each client can open one K&H premium savings account, i.e. one client can have only one account at any one
time (this constraint is not applicable to co-holders of accounts).

Interest: interest on the account comprises the basic interest and the premium interest.
    Basic interest: sight interest payable on the closing credit balance of the account as of the end of the day
    calculated with the interest rate applicable on the current day and credited to the account once a month. The
    basic interest rate is variable.
    The Bank guarantees not to reduce its basic interest rate before December 31, 2011.

    Premium interest: interest payable over and above the basic interest, to be credited twice a year, once in
    each calendar half of the year, on the last calendar day of the premium interest period (for the first time on
    June 30, 2011).

Conditions and details of eligibility for premium interest:

Ø   Amount limits
    Minimum amount:                      500,000 HUF
    Maximum amount:                   50,000,000 HUF

Ø   Condition for premium interest: the daily closing balance on the account should reach the minimum sum
    stated in the prevailing Announcement of interest terms on all calendar days of the given premium
    interest period.

Ø   The premium interest rate is calculated based on the lowest daily closing balance (minimum account balance)
    of the K&H premium savings account in the premium interest rate period. That balance must not be lower than
    the minimum amount and must not exceed the maximum amount.




                                             announcement for private persons bank
                                           accounts, deposit accounts and term deposits
                                                                                                                    FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                                                                                                    OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                                       OLYMPIC TEAM          PARALYMPIC TEAM

                                                                     7
                                                            8




Ø   Premium interest periods:
       from January 1 to June 30,
       from July 1 to December 31,

    The premium interest rate does not change in the premium interest period.
    The Bank guarantees not to reduce the premium interest rate until December 31, 2011.

    When an account is opened,
         a.) the first premium interest period will last from the day of opening the account and the first credit
         transaction (daily closing balance) to the last calendar day of the next full premium interest period. (For
         instance, if the date of opening the account and making the first credit is May 26, then the first premium
         interest period will last from May 26 to December 31 of the following year.) An exception from this rule
         is when the day of account opening / first credit transaction is July 1.
         b.) If the date of opening the account / making the first credit is July 1, the first premium interest rate
         period shall last from July 1 to December 31.

    Compliance with the condition for premium interest, i.e. a balance equal to the Minimum Amount is checked in
    a.) case by looking at the entire period and the first premium interest is credited at the end of the full period, i.e.
    on December 31 in the example. In this case, the sum of the premium interest to be credited is calculated in
    proportion to the period lengths and using the interest rates applicable to the two premium interest periods
    involved (in the example: to the period until June 30 and that from July 1 to December 31).

Ø   The Bank pays premium interest for the period lasting from the first calendar day or from the date of opening
    the account / the date of the first closing balance following it to the last calendar day of the premium interest
    period.

        Premium interest is credited on the account together with the basic interest on the last calendar day of the
        premium interest rate period. If it is a bank holiday, both premium and basic interest is credited on the
        account on the first working day of the following month. If the first working day is not the first calendar day
        of the month, the interest amounts so credited are added to the account balance valid on the first calendar
        day of the month in order to get the starting minimum balance of the next premium interest rate period.

Ø   The Bank pays premium interest only for full premium interest periods. Therefore if the K&H premium savings
    account is terminated, premium interest is payable for a given premium interest period, subject to compliance
    with the conditions, if the account is in open status on the last day of the given premium interest period.

Account turnover: The balance can be increased or decreased at any time, with cash withdrawals, deposits or
transfers. Each month, an account statement is generated stating the turnover and the balance on the account.

Utilities direct debit authorisations and bank card services are not provided with the account.

Term deposits are not provided against K&H premium savings accounts.




                                       announcement for private persons bank
                                     accounts, deposit accounts and term deposits
                                                                                                    FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                                                                                    OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                       OLYMPIC TEAM          PARALYMPIC TEAM

                                                            8
                                                          9




3. K&H secure reserve deposit account, K&H trambulin savings deposit accounts
   Previous name of K&H secure reserve deposit account until May 4, 2009: K&H savings deposit account

                                                                                   Effective from: January 10, 2011

                                          Base                  Total deposit interest plus premium*
                                        deposit                                (% p.a.)
           Account balance
                                        interest
                                          rate*               Amounts credited to the account monthly
         in progressive bands
                                        (% p.a.)
                                                        HUF 5,000 –                                     Above HUF
                                                                           HUF 10,000 – 34,999
                                                          9,999                                           35,000
     interest paid on the deposit
     portion between HUF 0 and            2.50                3.75                  4.00                       4.50
     HUF 999,999
     AER %: HUF 500,000                   2.53                3.82                  4.07                       4.59
     interest paid on the deposit
     portion between
                                          3.00                3.75                  4.50                       5.00
     HUF 1,000,000 and
     HUF 4,999,999
     AER %: HUF 3 million                 2.87                3.82                  4.42                       4.95
     interest paid on the deposit
     portion between
                                          3.25                4.00                  4.50                       4.75
     HUF 5,000,000 and
     HUF 9,999,999
     AER % : HUF 8 million                3.08                3.92                  4.53                       4.95
     interest paid on the deposit
     portion above                        3.50                4.25                  4.50                       4.75
     HUF 10,000,000
     AER %: HUF 15 million                3.27                4.08                  4.56                       4.91

Minimum initial amount and minimum balance:

    K&H secure reserve deposit account                                                     HUF 50,000
    K&H trambulin savings deposit accounts - for all age groups                            HUF 20,000
    K&H trambulin class account                                                            HUF 20,000
    (may be opened with a „Class Representative's Statement”)

Interest terms and conditions:
Base deposit interest:* If there are no more than two debit transactions on the account in a particular month
(fixing a deposit on the account is not a debit transaction), and the daily closing balance – from the first banking
day of the current month - of the account is at least every day, then the account bears interest according to the
base deposit interest rate in that month.

Total deposit interest plus premium:* If there are no debit transactions on the account in a particular month
(fixing a deposit on the account is not a debit transaction), at least HUF 5000 is credited to the account (regular or
ad-hoc transfer, cash deposit), and the daily closing balance - from the first banking day of the current month - of
the account is at least every day of the month, then the account bears interest at the interest rate plus premium in
that month. Interest, or maturing deposits, credited to the account are not considered as credit transactions.

Sight deposit interest: If there are more than two debit transactions on the account in a particular month (fixing a
deposit on the account is not a debit transaction), and/or the daily closing balance - from the first banking day of
the current month - of the account is lower than even on one day, then the account bears interest according to the
demand deposit interest rate in that month.




                                      announcement for private persons bank
                                    accounts, deposit accounts and term deposits
                                                                                                 FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                                                                                 OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                    OLYMPIC TEAM          PARALYMPIC TEAM

                                                          9
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4. K&H long-term deposit accounts

4.1. K&H long-term deposit account 2010
                                                                                Effective: from January 3, 2011
                                                                                                    Annual
                           Description                            Annual rate of interest (%)      Earnings
                                                                                                   Rate (%)
      Sight deposit interest                                                 4.50                    4.59

Minimum initial deposit:                            HUF 25,000

4.2. K&H long-term deposit account 2011
                                                                                Effective: from January 3, 2011
                                                                                                   Annual
                           Description                           Annual rate of interest (%)      Earnings
                                                                                                  Rate (%)
      Sight deposit interest                                                4.50                    4.59

Minimum initial deposit:                            HUF 25,000

The K&H long-term deposit account is an account managed according to the following terms and conditions,
pursuant to the provisions of Act CXVII of 1995 on personal income tax.

Opening of account: accounts can be opened by natural persons with a Hungarian tax ID, irrespectively of their
age, on one occasion per client per calendar year. According to the prevailing tax regulations, one account shall be
held by not more than one Account Holder.

Account turnover: the balance of the account can be increased by any amount in the year in which the account is
opened (by means of a cash deposit, a bank transfer or internal transfer), but no additional deposits will be credited
after the year of account opening has ended. No funds can be withdrawn from the account (by cash disbursement
or by bank transfer) before the last day of the third year following the year of account opening, except if the
account is closed upon such withdrawal.

Interest accrual: sight deposit interest accrued on a monthly basis.
Capital income tax: if the long-term deposit account is not closed for five years following the last day of the
calendar year in which it was opened (five-year savings period), the income generated from the deposit on the
account will be exempted from capital income tax.
Should the account be closed after three years following the last day of the year in which it was opened (three-year
savings period), the income generated from the deposit on the account will be subject to tax at the general 16%
capital income tax rate.

The Bank will not deduct capital income tax from the interest generated on the account. Should the account holder
choose to close the account, or interrupt the savings period (at the end of the three-year savings period), in the
year of account opening or in the ensuing 5 years, a tax liability will arise which must be included in the tax return
submitted by the account holder, as part of a self-assessment procedure, on the basis of a certificate issued by the
Bank (under the title of term deposit earnings).

Placing a deposit: the amount deposited on the account can be fixed in the year of account opening, and during
the subsequent savings period, in the following term deposit types, subject to the relevant terms and conditions
and interest rates herein stipulated.
Currently, only the K&H term deposit described in Section 1.1 and 1.3, K&H ‘Regular Customer’ deposit K&H
inflation deposit and K&H term deposit with a term of 180 and 365 days in Section 1.4. can be fixed.




                                      announcement for private persons bank
                                    accounts, deposit accounts and term deposits
                                                                                                FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                                                                                OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                   OLYMPIC TEAM          PARALYMPIC TEAM

                                                         10
                                                         11




5.   K&H retail bank accounts

5.1. K&H retail bank account and K&H guardianship authority HUF account
                                                                                  Effective from: July 31, 2009
                             Definition                              Annual interest rate (%)      AER (%)
     Sight deposit rate:                                                      0.15                   0.15

Opening balance requirement:                        none

5.2. K&H zero bank account
                                                                             Effective from: January 25, 2011
                             Definition                              Annual interest rate (%)     AER (%)
     Sight deposit rate:                                                           0.15                      0.15

     Preferential sight deposit interest rate:
                                                                                   2.50
         As long as the average balance of the account in the
         month under review exceeds HUF 300,000, the                 (in accordance with the                 2.53
         interest rate valid for the month following the month       MNB base rate effective
         under review is the MNB base rate at any time               from January 25, 2011)
         reduced by 3.50%.

The details of the ‘K&H zero’ bank account can be seen in the “Announcement for private persons’ bank accounts,
deposit accounts and term deposits”.

5.3. K&H interest plus bank account
     This bank account is not offered by the Bank as from September 15, 2010.
                                                                         Effective from: January 25, 2011
                             Definition                          Annual interest rate (%)     AER (%)
     Sight deposit rate:                                                           0.15                     0.15

     Preferential sight deposit interest rate:
                                                                                   2.50
         As long as the average balance of the account in the
         month under review exceeds HUF 200,000, the                 (in accordance with the                2.53
         annual sight interest rate of the month following the       MNB base rate effective
         month under review is the MNB base rate at any              from January 25, 2011)
         time reduced by 3.50%.

The details of the K&H interest plus bank account can be seen in the “Announcement for private persons’ bank
accounts, deposit accounts and term deposits”.

5.4. K&H 4000 + account package
                                                                          Effective from: January 10, 2011
                            Description                            Annual interest          AER (%)
                                                                      rate (%)
     Sight deposit interest:
        (Highest base deposit interest rate for the K&H
                                                                          5,00                  5,12
        Savings Deposit Account + 1.50 %, but maximum
        the MNB base interest rate – 0.50 %
        (MNB = National Bank of Hungary)

The conditions of using the K&H 4000+ account package can be seen in the “Announcement for private persons’
bank accounts, deposit accounts and term deposits”.




                                      announcement for private persons bank
                                    accounts, deposit accounts and term deposits
                                                                                               FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                                                                               OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                  OLYMPIC TEAM          PARALYMPIC TEAM

                                                         11
                                                                           12




6.      K&H wealth managers bank account, K&H private banking HUF account
                                                                           Effective from: February 3, 2003
                                                       Annual interest
                           Definition                                               AER (%)
                                                         rate* (%)
         Sight deposit rate:
         Between HUF 0 -,999,999                           2.75        2.79 % in case of HUF 1 000 000
                                                                       2.99 % in case of HUF 5 000 000
         Interest for the part of the deposit over HUF
                                                           3.00        3.02 % in case of HUF 10 000 000
         1,000,000

Opening balance requirement:
K&H Wealth Managers Bank Account                                    HUF 1 million, which can be deposited with the Bank in a retail
                                                                    deposit account, a retail current account, a K&H Mutual Fund or
                                                                    Government Securities.
K&H Private Banking HUF Account                                     HUF 50 million, or its equivalent in foreign currency or
                                                                    securities deposited with the Bank

7.   K&H trambulin retail bank account
      K&H trambulin bank account for all age groups
                                                                                                       Effective from: July 31, 2009
                                        Definition                                         Annual interest rate (%)      AER (%)
         Sight deposit rate:                                                                        0.15                   0.15

Opening balance requirement:                                        none

8.   K&H trambulin start account
                                                                                                         Effective from: May 1, 2010
                                        Definition                                         Annual interest rate (%)      AER (%)
         Sight deposit rate:                                                                        5,00                   5.00

The balance of any bank account managed according to Act CLXXIV of 2005 on life-starter assistance for young
people and Government Decree 326/2005 (XII.28) implementing the above Act will be treated by the Bank as a
deposit.
K&H trambulin start account is a variable-rate account, i.e. the Bank calculates the deposit interest on the daily
closing balance of the account using the interest rate applicable on the day in question. The Bank credits the
deposit interest on the account annually, during the December month-end closing on the last calendar day of the
year, with the next day as the value date. If the account is opened on the last calendar day of the year, the interest
due for the last day of the same year will be credited to the account the following year during the December month-
end closing. If the last day of the year is a bank holiday, then the Bank will calculate the interest on the first banking
day of the following year, with the first calendar day of the year as the value date.

9.    Term deposit and maturity account
                                                                                                    Effective from: January 1, 2004
                                        Definition                                        Annual interest rate (%)     AER (%)
         Sight deposit rate:                                                                       0.00                  0.00

Opening balance:                                                    none

The term deposit and maturity account is a special account set up for the purpose of creating term deposits, and
transferring out the principal and the earned interest at maturity, an early withdrawal or the termination of the
account. The balance maintained on the account is treated by the Bank as a matured, non-interest bearing deposit.
The account is not used in inter-bank transactions; from this account the Bank performs transfers/payments
exclusively to other accounts maintained at the Bank.

* A tiered interest rate, i.e. the interest rate applies only to the specified balance bracket.




                                                 announcement for private persons bank
                                               accounts, deposit accounts and term deposits
                                                                                                                   FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                                                                                                   OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                                      OLYMPIC TEAM          PARALYMPIC TEAM

                                                                           12
                                                          13




10. K&H security deposit HUF account
                                                                                  Effective from: June 1, 2010
                               Definition                            Annual interest rate (%)      AER (%)
       Sight deposit rate:                                                    0.00                  0.00

Opening balance:                                     none

The above deposit accounts are only used for the management of term deposits used for cash collateral/security
deposit and will be terminated when all the linked cash collateral/security deposit is terminated. The above deposit
accounts are not part of inter-bank payment transactions and no teller transactions or other financial transactions
can be carried out on them as long as the relevant security rights prevail.
Account holders will only have disposal rights over the above security deposits when the security rights of the
beneficiary of the security accounts have been terminated.

The above deposit accounts may not have any co-holders; no permanent authorisation can be linked to them and
the relevant contracts may include no provisions relating to the account holder’s death. The services of bank
accounts and deposit accounts as identified in the General Contracting Terms and Conditions are not available
related to the security deposit accounts. Further details can be found in the relevant agreements and in the
General Contracting Terms and Conditions.

11. K&H Final repayment settlement account
                                                                           Effective from: November 29, 2010
                               Definition                            Annual interest rate (%)   AER (%)
       Sight deposit rate:                                                    0.00                0.00

Opening balance:                                     none

The account serves solely the final repayment of a refinanced loan to the other financial institution. The objective is
to ensure that the final repayment amount transferred by the financial institution refinancing (taking over) the loan
can be used for no other purpose. The account is closed upon final repayment, but not later than 30 work days
from signing the contract, without a specific order by the Account Holder.
No cash transactions or other financial operations may be performed on the account. Any amount credited on it
must be based on a transfer by the refinancing institution. Any internal transfer from the Account Holder’s other
accounts with the Bank must be aimed at final repayment.

12. K&H safe deposit box account
                                                                              Effective from: October 20, 2006
                               Definition                            Annual interest rate (%)     AER (%)
       Sight deposit rate:                                                         0.00                         0.00

Minimum opening amount:                 as per General Terms and Conditions for safe deposit boxes (at least
                                        three months’ safe rental fee)
The safe deposit box account is a special account specifically for financial settlement related to the rental of a safe
deposit box.

Accounts under items 3, 6 have tiered interest rates, i.e. the interest rate applies only to the specified balance
bracket. Accounts with under Items 2 through 12 above have variable interest rates, i.e. the Bank calculates
deposit and loan interest based on the account's daily closing balance taking the rate of interest effective on the
subject day.
The Bank credits/debits deposit and loan interest once a month on the last calendar day of the month, as part of
month-end closing, except if the account opening falls on the last day of the month when the crediting/debiting of
deposit and loan interest due on the last day of the month is performed as part of month-end closing in the
following month with the next day as value date. In the event the last day of the month falls on a holiday, the Bank
calculates interest on the first banking day of the following month with a value date of the month's first calendar
date




                                      announcement for private persons bank
                                    accounts, deposit accounts and term deposits
                                                                                                 FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                                                                                 OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                    OLYMPIC TEAM          PARALYMPIC TEAM

                                                          13
                                                            14




13. K&H structured deposit products

13.1. K&H tower deposit
The interest rate applicable for the deposit is a function of the change in the inter-bank market cross rate of two
particular currencies: if this rate remains within the band defined at the time of fixing the deposit (or does / does not
reach the defined exchange rate) during the term of the deposit, the special interest rate stipulated in the contract
becomes applicable, however, if the exchange rate abandons the band at least once (or does not / does reach the
defined exchange rate), the Bank will pay the minimum interest upon maturity.

13.2. K&H exchange-rate-indexed deposit (range accrual deposit)
The interest rate applicable for the deposit is a function of the change in the daily official cross rate of two particular
currencies: if, on a given day, this rate is within the band defined at the time of fixing the deposit (or does not reach
the defined exchange rate), the special interest rate stipulated in the contract becomes applicable, however, if it is
outside the band (or does reach the defined exchange rate), the Bank will pay the minimum interest (on the given
day).

13.1 and 13.2 deposits may be fixed in the currency and with the maturity period as agreed with the Bank and
included in a special contract.
Minimum amount to be fixed: EUR 400 000 or its equivalent in HUF or other currency.
The deposit cannot be withdrawn before the maturity date as stipulated in the deposit contract.
A detailed description of the products and related risks are available in the K&H Treasury Market Risk
Management Manual and the prevailing Contract.

14. Capital gains tax (tax payable on the interest earned)

Pursuant to the amendments to Act CXVII of 1995 on personal income tax (hereinafter: the Act) taking effect as
from 1 September 2006, the Bank shall deduct capital gains tax based on the provisions of the Act after the income
earned as interest by private person clients. In the event that the Account is held by several account holders, the
tax residence of the person indicated as ‘Account Holder’ in the concerned Account Contract shall be authoritative
in respect of the deduction of the capital gains tax, without any further examination of the tax residence of the
person indicated as ‘Co-account Holder’.
 HUF account products sold by K&H Bank not subject to capital gains tax:
     • K&H trambulin start bank account
     • K&H court of guardians’ HUF bank account




                                        announcement for private persons bank
                                      accounts, deposit accounts and term deposits
                                                                                                     FINANCIAL INSTITUTION   FINANCIAL INSTITUTION
                                                                                                     OF THE HUNGARIAN         OF THE HUNGARIAN
                                                                                                        OLYMPIC TEAM          PARALYMPIC TEAM

                                                            14