WestLB's Credit Risk Management (CRM) in the Americas announced today five new additions to its team in New York.

William Cody joins in a new position as Executive Director covering ABS Loan Originations. Prior to joining WestLB, Mr. Cody was at MBIA Insurance Company where he worked for 10 years in various management positions within the Asset Backed Finance sector, most recently, as a Director. Mr. Cody reports to Edward Bankole, Managing Director and Head of CRM Americas.

Also joining in a new position is Kenneth Laudano as Director covering ABS Consumer Assets reporting to William Cody. Before joining WestLB, Mr. Laudano was at Moody's Investors Service for seven years as a Vice President and Senior Analyst in the Asset Finance Group - ABCP team. Before that he was a Vice President, Rating Advisory Services at Morgan Stanley.

Dominick D'Ascoli joins WestLB in a new position as a Director in Credit for the Oil and Gas sector, reporting to Duncan Robertson, Executive Director. Mr. D'Ascoli comes from Standard and Poor's where he was an Associate Director in Corporate Ratings. Prior to Standard and Poor's, he was at BNY Capital Markets as a Securities Analyst on the sell side for high yield and distressed assets.

Also joining the Credit team is Jessica Fang as Manager in Exposure Monitoring, reporting to Margarette Carrette, Director, and Lan Zhuo, as Manager in Infrastructure/Metals and Mining under Vinod Jenveja, Executive Director.

"These new hires underscore WestLB's commitment to serving our clients efficiently and managing the risks prudently," said Ed Bankole. "WestLB believes in hiring and retaining seasoned credit people with specific expertise in the areas in which we do business."

About WestLB Capital Markets North America

WestLB develops sophisticated structured solutions through a team of highly experienced investment banking and capital markets professionals. WestLB has a long-standing presence in the corporate, structured and asset-backed financing sectors supporting clients' needs with capital commitments, advisory services and innovative financing solutions. The bank's global relationships, coupled with its unique understanding of local economies, industries and cultures, help WestLB bankers consistently deliver high quality advice and service.

About WestLB

WestLB AG is one of Germany's leading financial services providers with offices in the world's largest financial centers. The firm provides financial advisory, lending, structured finance, project finance, capital markets and private equity products, asset management, transaction services and real estate finance to institutions. WestLB has total assets of more than EUR 292 billion, as of September 30, 2006. For more information, please visit www.westlb.com

In the United States, certain securities, trading, brokerage and advisory services are provided by WestLB's wholly owned subsidiary WestLB Securities Inc., a registered broker-dealer and member of the NASD and SIPC.

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Contact:

WestLB AG

Group Communications - Americas

Ashweeta Durani, 212-852-6310

ashweeta_durani@westlb.com

or

Connie J. Kain, 212-597-1439

connie_kain@westlb.com

Source: WestLB AG

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