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German air traffic controller DFS has already described the year 2007 the “year of records”. The figure of 10,000 flights per day was exceeded on numerous occasions. And with more than 800,000 controlled flights in and over Germany, the second quarter saw an increase of 3.7 % compared with the same quarter of the previous year. Airports are developing into new leisure amenities and profiting from the growing importance of non-aviation business, for example airport gastronomy, property leasing and the retail trade. A steadily growing demand for mobility worldwide – professional and private – and rising freight quotas suggest that air travel will continue to show a positive trend in the future. With the new Aero-Active-Basket-Certificate of WestLB AG, investors have the opportunity to participate in the future development of the securities contained in the stock basket.

The stock basket initially comprises ten companies which are expected to benefit in the long term from the positive developments in the air traffic sector.

The stock basket may be adjusted from time to time to take account of price and market developments. The front-end and management fee is one per cent. In addition there are annual structuring fees of 1.5 per cent. Three quarters of the respective dividends are charged against the fees. The subscription period for the certificate (Sec. No. WLB7CN, ISIN Code: DE000WLB7CN0) ends on 16 November 2007.

The following companies are included in the stock basket:

AerCap Holdings NV

AerCap Holdings NV operates in engine trading and leasing, the disassembly of airframes and engines for the sale of their component parts to the global aviation industry, engine maintenance and repairs.

Boeing Co.

Boeing and its subsidiaries develop and construct commercial freight and passenger aircraft. The company is also active in space travel and defence.

BE Aerospace Inc.

BE Aerospace Inc. provides interior furnishings for passenger aircraft and business jets. The company produces interiors for aircraft cabins, seats, preparation and storage facilities for food and drinks as well as on-board oxygen supply systems.

CAE Inc.

CAE Inc. is engaged in simulation and model technologies and provides integrated, worldwide training for civil aviation and military defence.

Empresa Brasileira de Aeronautica S.A.

Empresa Brasileira de Aeronautica S.A. (Embraer) is a manufacturer of commercial and military aircraft. The company also provides the Brazilian air force with resources for the research, development, production and support of military aviation and related systems.

Flughafen Wien AG

Flughafen Wien AG administers, maintains and operates the international airport of Vienna. There are three main segments: General airport and handling activities – these refer to the daily operation and maintenance of the terminal, passenger and luggage transfer and medical facilities. Flight timetable coordination – this refers to various activities relating to the flight timetable. Other non-aviation activities include the airport shopping centre, gastronomy, security, parking facilities and technical services.

Macquarie Airports

Macquarie Airports is a fund which invests in airports on a global basis, e.g. Sydney, Brussels, Rome, Copenhagen, Bristol and Birmingham.

MTU Aero Engines Holding AG

MTU Aero Engines Holding AG designs, develops and constructs engines and engine parts for military and commercial aircraft. The company constructs complete engines and also manufactures industrial gas turbines. MTU cooperates closely worldwide with corporations such as Pratt & Witney, General Electric and Rolls-Royce in the field of research and development.

Singapore Airlines Ltd.

Singapore Airlines Ltd. and its subsidiaries are active in passenger and goods transport, terminal services, pilot training and freight operations. The airport activities cover Asia, Europe, United States, South-West Pacific and Africa.

UMECO PLC

UK-based UMECO PLC distributes various products worldwide for the aviation and space industry, motor sport, the automobile industry and the wind energy industry.

For more information please visit www.westlb-zertifikate.de