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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
                                   Effective as for October 4, 2010

                                                                                                         Appendix 4
                                             FORINT INTEREST RATE
                                               ANNOUNCEMENT

1.   HUF term deposits

1.1. K&H ‘Regular Customer’ deposit
                                                                            Effective from: August 2, 2010
     Fixed deposit
                                             Annual interest ( % )                        AER ( % )
     interest rate:
                             In the case of existing savings: from HUF 500,000 to HUF 5,000,000
           Tenor
                               In the case of new deposits: from HUF 500,000 to HUF 50,000,000
                           for a client with minimum 5 of K&H
                                                                     5.50              5.50
                                 Bank’s products/services
          60 days
                           for a client with minimum 7 of K&H
                                                                     5.75              5.75
                                 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 the case of
existing savings, and HUF 50 million in the case of placing new deposits.

The maximum amount to be placed means that one client may have a total of HUF 55 million placed into the K&H
Regular Customer deposit at any time if both legal titles are valid.
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”.

Existing savings: the total balance of the savings on the client’s deposit and bank accounts kept at the Bank, the
K&H mutual funds placed on securities accounts, as well as the amounts invested in the K&H endowment policies
are regarded by the Bank as existing savings.

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



                                        announcement for private persons bank
                                      accounts, deposit accounts and term deposits
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        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.

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).

If the client has not got the required products or conditions but applies for them still within the deposit fixing period,
he/she will be able to apply for the deposit fixing under the above conditions on the third banking day after the
products or conditions are available.

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.
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.




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                                      announcement for private persons bank
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1.2. K&H mix savings                                                        Effective from: May 17, 2010

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).
1.2.1. 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) and K&H optimum 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%                          6.50%                        6.50%
          60 days
                               50% and above                       7.50%                        7.50%
          180 days             50% and above                       6.25%                        6.25%

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.)

1.2.2. 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                        6.00%                       6.00%

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.

The yield of the investment fund which is the other element of the K&H mix savings offer (as described in Section
1.2.1.,1.2.2.) will vary with the yield of the assets in the fund. Past yields of a fund represent no guarantee for
future yields thereof.

1.2.3. 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%




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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).




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                                    announcement for private persons bank
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1.3. K&H inflation plus deposit
                                                                           Effective from November 2, 2010
                                 Interest name and rate
                                   (annual interest rate)                Initial interest rate / AER (%)
                                                                     (valid for the first monthly interest rate
          Term            Inflation interest        Premium
                                                                                        cycle)
                                  rate           interest rate /
                                                                               (annual interest rate)
                              / AER ( % )           AER ( % )
         180 days                3.80                 0.80                             4.60

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.
Only new savings are eligi8ble 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 throughout the Bank’s branch network and via K&H TeleCenter.


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                                     announcement for private persons bank
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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)
                                                                             Initial interest rate / AER
      Period of interest rate
                                       Inflation       Premium interest       % (applicable in the first
             cycles
                                    interest rate             rate               monthly interest rate
                                     / AER ( % )          / AER ( % )                    cycle)

    01.04. 2010 - 02.05. 2010.          5.70                  0.25                      5.95
    03.05. 2010 - 31.05. 2010.          5.90                  0.25                      6.15
    01.06. 2010 - 30.06. 2010.          5.70                  0.25                      5.95
    01.07. 2010 - 01.08. 2010.          5.10                  0.80                      5.90
    02.08. 2010 – 31.08. 2010.          5.30                  0.80                      6.10
    01.09. 2010 – 30.09. 2010.          4.00                  0.80                      4.80
    01.10. 2010 – 01.11. 2010.          3.70                  0.80                      4.50
    02.11. 2010 – 30.11. 2010.          3.80                  0.80                      4.60




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1.4. K&H HUF term 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         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         1.90            3.50           4.00             4.50           5.00
     365 days
                       AER               1.90            3.50           4.00             4.50           5.00

1.5. 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

1.6. 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

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.




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                                      announcement for private persons bank
                                    accounts, deposit accounts and term deposits
                                                           8



2. K&H premium savings account
                                                                            Effective from October 4, 2010
                                                                                               Standardised
                                                                                                   deposit
                           Description                             Annual interest rate (%)
                                                                                                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

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 June 30, 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 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   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 June 30, 2011.

    When an account is opened, 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 day of the next full premium
    interest period. (For instance, if the date of opening the account and making the first credit is October 20,
    then the first premium interest period will last from October 20 to June 30.) An exception from this rule is when
    the day of account opening / first credit transaction is July 1.

    Compliance with the condition for premium interest, i.e. a balance equal to the Minimum Amount is checked in
    that case by looking at the entire period and the first premium interest is credited at the end of the full period,
    i.e. on June 30 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.

Ø   The Bank pays premium interest for the period lasting from the first calendar day to the last calendar day of the
    premium interest period.
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Ø   The basis for calculating the premium interest will be the lowest balance (minimum balance) on the K&H
    premium savings account during the premium interest period, provided it is not below the Minimum Amount
    nor does it exceed the Maximum Amount.
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.

In the period October 14 through December 15, 2010 we will present all our clients who open a K&H premium
savings account a free gift of a packet of NESCAFÉ 3in1 coffee or cappuccino (available while stocks last)!


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: May 25, 2010

                                           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                3.00                 3.50                3.75
     HUF 999,999
     AER %: HUF 100,000                    2.53                3.04                 3.56                3.82
     interest paid on the deposit
     portion between
                                           2.75                3.50                 4.25                4.75
     HUF 1,000,000 and
     HUF 4,999,999
     AER %: HUF 1 million                  2.53                3.05                 3.57                3.83
     interest paid on the deposit
     portion between
                                           3.00                3.75                 4.50                4.75
     HUF 5,000,000 and
     HUF 9,999,999
     AER % : HUF 5 million                 2.74                3.46                 4.19                4.65
     interest paid on the deposit
     portion above                         3.25                3.75                 4.50                4.75
     HUF 10,000,000
     AER %: HUF 10 million                 2.89                3.64                 4.39                4.75

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”)




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                                      announcement for private persons bank
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                                                                           10



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

4. K&H long-term deposit account 2010
                                                                                                      Effective: from May 25, 2010
                                                                                                                        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 20%
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.



                                                                           10
                                                announcement for private persons bank
                                              accounts, deposit accounts and term deposits
                                                          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 account management package
                                                                                Effective from: April 27, 2010
                       Definition                         Annual interest rate (%)            AER (%)
     Sight deposit rate:                                              0.15                        0.15

     Preferential sight deposit interest rate:
                                                                      1.75                        1.76
         As long as the average balance of the
         account in the month under review              (in accordance with the MNB       (in accordance with
         exceeds HUF 300,000, the interest rate         base rate effective from April     the MNB base rate
         valid for the month following the month                  27, 2010)              effective from April 27,
         under review is the MNB base rate at any                                                 2010)
         time reduced by 3.50%.

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

5.3. K&H interest plus account management package
                                                                                Effective from: April 27, 2010
                       Definition                         Annual interest rate (%)            AER (%)
     Sight deposit rate:                                              0.15                         0.15

     Preferential sight deposit interest rate:
                                                                      1.75                         1.76
         As long as the average balance of the
         account in the month under review              (in accordance with the MNB      (in accordance with the
         exceeds HUF 200,000, the annual sight          base rate effective from April   MNB base rate effective
         interest rate of the month following the                 27, 2010)                from April 27, 2010)
         month under review is the MNB base rate
         at any time reduced by 3.50%.

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

5.4. K&H 4000 + account management package
                                                                               Effective from: April 27, 2010
                     Description                        Annual interest rate (%)             AER (%)
     Sight deposit interest:
        (Maximum base deposit interest rate                        4.75                           4.85
        for the K&H Savings Deposit Account
        + 1.50 %, but maximum the MNB base            (in accordance with the MNB        (in accordance with the
        interest rate – 0.50 %                           base rate effective from        MNB base rate effective
        (MNB = National Bank of Hungary)                     April 27, 2010)               from April 27, 2010)

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




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                                      announcement for private persons bank
                                    accounts, deposit accounts and term deposits
                                                                           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.



                                                                           12
                                                announcement for private persons bank
                                              accounts, deposit accounts and term deposits
                                                            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 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 11 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

12. K&H structured deposit products

12.1. 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.

12.2. 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
                                       announcement for private persons bank
                                     accounts, deposit accounts and term deposits
                                                        14



12.1 and 12.2 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.

13. 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




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                                    announcement for private persons bank
                                  accounts, deposit accounts and term deposits

				
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