CBF Release in November 2014: Advance announcement of changes

Note: This annoucement, originally published on 30 May 2014, was updated in section TEFRA D.

Clearstream Banking¹ informs customers in advance about a few changes that will be implemented with the following CBF Release on

17 November 2014

because these changes could possibly require changes to customers' systems. The document attached to this announcement describes the changes in the following areas:

• Settlement of SE trades
• Cash reporting
• Asset services
• Xemac
• TEFRA D
• SWIFT
• TARGET2 Securities

We will provide you with additional information about the already listed and additional changes that will take effect within the context of the CBF Release in November 2014 at a later time.

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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.