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16/10/2003

WestLB Welcomes Nomination of Dr. Thomas R. Fischer as Chairman of the Board

WestLB AG welcomes the nomination of Dr. Thomas R. Fischer to succeed Dr. Johannes Ringel as Chairman of the Managing Board. The timely nomination of Dr. Fischer will ensure a smooth transition at the top level of the Bank.

Dr. Ringel, Chairman of the Managing Board of WestLB AG, commented:

"I am delighted that the nomination of my successor has been resolved so quickly. This will give the Bank a clear and positive perspective for the future."

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