34.

Based on the information provided by the Czech authorities, the guarantee arrangements that have not expired before the accession of the Czech Republic to the European Union are summarised as follows: “Warranties and Indemnities” expiring on 22 June 2008: Content Limitation of the amount Indemnification for any litigation adversely affecting the banking business: AGB agreed to indemnify the GECIH, GECB and other purchaser's indemnified persons (the Purchaser) in respect of any losses resulting from any claims brought against the Purchaser as a result of any matter occurring prior to the Closing Date which adversely affects the banking business. Clause 5.1(a)(i) (3) Aggregate limit of CZK 2,000 million Indemnification for violation of law: AGB agreed to indemnify the Purchaser in respect of any losses resulting from any violation by the Seller prior to the closing date of any applicable law or regulation which adversely affects the banking business. Clause 5.1(a)(ii) Aggregate limit of CZK 2,000 million Indemnification in respect of employment litigation: AGB agreed to indemnify the Purchaser in respect of any losses resulting from any claims brought against GECB by any of the employees in relation to any actual or alleged act or omission by the Seller prior to the Closing Date. Clause 5.1.(a)(v) Aggregate limit of CZK 2,000 million Indemnification in respect of employment litigation: AGB agreed to indemnify the Purchaser in respect of any losses resulting from any claims relating to any contract duty or liability of employment with any retained employee or any former, existing or future employee of the Seller who is an employee relating to AGB2. Clause 5.1.(a)(vi) Aggregate limit of CZK 2,000 million Action for the declaration of invalidity of the agreement concerning the sale of AGB1 to GECB brought on 27 July 1998 with the Regional Commercial Court in Prague by Václav Sládek against AGB in liquidation and the Purchaser; and with the association of minority shareholders of AGB as a side plaintiff. (Indemnification based on Clause 4.1 of the Indemnity Agreement) Aggregate limit of CZK 15,000 million Action for the declaration of invalidity of the agreement concerning the sale of AGB1 to GECB brought on 22 June 2001 with the Regional Commercial Court in Prague by Petr Maur, František Vysloužil, Pavel Tykač, Karel Tománek, Pavel Šimek and Tomáš Fohler against AGB in liquidation, the Purchaser and Jiři Klumpar; and with the association of minority shareholders of AGB as a side plaintiff. (Indemnification based on Clause 4.1 of the Indemnity Agreement) Aggregate limit of CZK 15,000 million Action for Declaration of the Validity of the Agreement on the sale of AGB1 brought on 18 June 2002 with the Municipal Court in Prague by HZ Praha, spol. s.r.o. against AGB in liquidation, the Purchaser and Jiři Klumpar. (Indemnification based on Clause 4.1 of the Indemnity Agreement) Aggregate limit of CZK 15,000 million Application for Registration of the Sale of AGB1 in the Commercial Registry made on 18 October 1999, and in which the applicant is currently AGB in liquidation and the Prague Municipal State Prosecutor Office has joint as a party to the proceeding. (Indemnification based on Clause 4.1 of the Indemnity Agreement) Aggregate limit of CZK 15,000 million Any claim for Indemnification concerning the validity or legitimacy of the sale of AGB1 to the Purchaser brought by: — The Seller, CNB, or a shareholder, liquidator, bankruptcy trustee, auditor or forced administrator of the Seller — A member of a corporate body of the Seller or the Purchaser — An employee, borrower, client, lender, or creditor to the Seller or the Purchaser — An heir, legal successor or assignee, liquidator, bankruptcy trustee, receiver, trustee, administrator or forced administrator (or a person having similar powers), or association of one or more of the above-listed individuals and entities, or — A Czech state prosecutor, Czech criminal authority, or Czech tax authority having jurisdiction over the Seller or the Purchaser. (Indemnification based on Clause 4.1 of the Indemnity Agreement) Aggregate limit of CZK 15,000 million “Warranties and Indemnities” expiring on 22 June 2010: Content Limitation of the amount Taxes: AGB warrants that it has (i) complied with the relevant withholding tax requirements imposed by all applicable laws, (ii) it has disclosed to the Purchaser the existence of any taxes claimed by any tax authority to be due and owing by AGB, (iii) no tax audit is pending or, to AGB's knowledge, threatened with respect to any taxes due from AGB, and (iv) it has not been nor is in violation of any applicable tax law, which would create a liability for the Purchaser and (v) no tax will be imposed on the Purchaser as a result of the consummation of the transactions contemplate. Clause 2.14(c) and (d) Aggregate limit of CZK 2,000 million Environmental matters: AGB warrants that, as far as it is aware, no hazardous substances are located on any premises of AGB1 in concentrations exceeding those allowed by the applicable law. Clause 2.20. Aggregate limit of CZK 5,000 million Taxes in connection with transaction: AGB warrants that no taxes will be imposed on the Purchaser as a result of the consummation of the sale. Clause 2.14(e) Aggregate limit of CZK 15,000 million Non-business assets and liabilities: AGB agreed to indemnify the Purchaser in respect of any losses resulting from any claims relating to any non-business assets or non-business liabilities. Clause 5.1.(a)(iv) Aggregate limit of CZK 5,000 million Customs and excise liabilities: AGB agreed to indemnify the Purchaser in respect of losses resulting from claims brought against it by the Czech customs and excise authorities in relation to AGB Customs Guarantee. Clause 5.1.(a)(iv) Aggregate limit of CZK 5,000 million “Warranties and Indemnities” expiring on 22 June 2013: Content Limitation of the amount Operations of AGB1: AGB warrants that, except as set forth in disclosure schedules of the transaction documents, no other asset or liability forms part of AGB1. Clause 2.22. Aggregate limit of CZK 2,000 million Authorisation: AGB warrants its full power and authorisation to sign the contractual documentation and implement the transaction. AGB further warrants that the contracts are binding and enforceable against it. Clause 2.4. Aggregate limit of CZK 2,000 million Validity of the sale: AGB agreed to indemnify the Purchaser in respect of any loss resulting from any claim concerning the validity or constitutional legitimacy of the sale of AGB1. Clause 5.1.(a)(iii) Aggregate limit of CZK 2,000 million “Warranties and Indemnities” expiring 15 years after closing: Content Limitation of the amount Environmental losses: AGB agreed to indemnify the Purchaser in respect of any environmental loss which the purchaser may incur in respect of any premises of AGB1 and which arises from a condition existing prior to closing. Clause 5.1.(b) Aggregate limit of CZK 5,000 million