Effective Tax Rate

 (unaudited)

Income tax expense in the current quarter was € 679 million versus € 457 million in the comparative period. Both the current quarter’s effective tax rate of 74 % and the prior year’s quarter effective tax rate of 58 % were mainly impacted by expenses, such as litigation, that are not deductible for tax purposes and income taxes of prior periods.

Income tax expense in the first six months was € 1.3 billion versus € 1.2 billion in the first six months of 2013. The effective tax rate of 48 % in the first six months of 2014 was mainly impacted by expenses, such as litigation, that are not deductible for tax purposes and income taxes of prior periods. The effective tax rate in the comparative period was 38 %.