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13.12.06

ZAO Raiffeisenbank Austria, Moscow receives the largest Syndicated TermLoan Facility in its history. Capital Increase announced.

Today, the extension of a USD 625 million syndicated loan facility toZAO Raiffeisenbank Austria was officially signed.

The syndicate comprises a geographically diversified group of investorsrepresented by 25 international financial institutions. The facility wasannounced to the market on 31 October 2006 with the initial amount ofUSD 400 million. The market showed high confidence in Raiffeisenbankresulting in a commitment of more than USD 600 million. Therefore, thefinal loan facility amounts to USD 625 million. The facility isstructured as a 3-year tenor with a bullet repayment.

Apart fromBookrunnersABN Amro Bank N.V., CALYON, The Bank ofTokyo-Mitsubishi UFJ, Ltd. and WestLB AG, the syndicate comprises thefollowing international financial institutions:

Mandated Lead Arrangers: American Express Bank GmbH; BayernLB; DZBank AG Deutsche Zentral-Genossenschaftsbank; Intesa Bank Ireland plc;LBBW-Group (Landesbank Baden-Wuerttemberg and LandesbankRheinland-Pfalz); 6 Regional Banks of the Austrian Raiffeisen Bankinggroup; Wachovia Bank, National Association; WGZ Bank AG WestdeutscheGenossenschafts-Zentralbank;

Co-Arrangers: Sumitomo Mitsui Banking Corporation Europe Limited;Deutsche Bank AG;

Lead Managers: Erste Bank der Osterreichischen Sparkassen AG;ING; JP Morgan Chase Bank, OKO Bank plc;

Manager: Mizuho Corporate Bank, Ltd.

Right after the signing ceremony, Sergey Monin, Deputy Chairman of theBoard, Head of Treasury Division, stated during a press conference:"Theloan is a landmark transaction in the Russian market– it is the third-largest loan in terms of volume and second-best in terms of the pricing for a Russian financial institution on the international syndicated loan market in 2006. Raiffeisenbank secured funds at a record low rate of LIBOR+0.35 per cent p.a. Such a pricing has been only achievable to date by the major state-owned banks in Russia."

The achieved margin is a result of the soundness of the RaiffeisenInternational Group (Raiffeisenbank''s sole shareholder) and of thebank''s substantial volume of operations developed in the Russian market.

Johann Jonach, Chairman of the Board of ZAO Raiffeisenbank Austria wasvery positive about the syndication results and remarked:"The successof the deal demonstrates the sound position of Raiffeisenbank in Russiaand its recognition in the international financial market as a strategicpartner."

The largest facility in Raiffeisenbank''s history will be used forgeneral corporate funding purposes, i.e. financing the growing loanportfolio which exceeded RUR 102.5 billion (approx. EUR 3.1 billion)based on Q3/2006 results. The number of corporate customers currentlyexceeds 5,800 (including small and medium-sized enterprises, brokerageand insurance companies). Raiffeisenbank plans to further extend itscustomer base and overall operations in the Russian market.

Share Capital Increase

In November 2006, Raiffeisenbank Austria signed an agreement withRaiffeisen Zentralbank Osterreich AG (RZB) on the arrangement of a USD80 million Subordinated Loan Facility. The loan was successfullyapproved by the Central Bank of the Russia Federation and included intothe bank''s Equity Capital. As a result, Raiffeisenbank''s capital as oftoday amounts to RUR 22 billion (approx. EUR 632.7 million) based onRussian accounting standards.

Furthermore Raiffeisen International Bank-Holding AG has decided toincrease its subsidiary''s share capital by way of an additional capitalstock issue amounting to RUR 10.040 billion (approx. EUR 288.7 million).The registration of the share capital increase is subject to approval bythe relevant authorities and is planned for February or March 2007.

"The support of our shareholder by increasing our equity capital onceagain proves the importance of the Russian market for RaiffeisenInternational. The capital increase is of great significance at themoment especially in view of the sustained and dynamic development ofbanking services both for corporate and individual clients," statedJohann Jonach.

* * * * *

ZAO Raiffeisenbank Austria is ranked 9th in terms of assets amongRussian banks based on Q3/2006 results. At present, the bank disposes of20 branches in Moscow, 5 branches in Saint Petersburg and regionalbranches in Ekaterinburg, Samara, Novosibirsk, Chelyabinsk, NizhnyNovgorod, Krasnodar, Krasnoyarsk and Perm. Among the leading retailbanks, Raiffeisenbank is the 8th-largest bank in Russia both in terms ofconsumer lending and private deposits based (Q3/2006).

In 2005-2006 ZAO Raiffeisenbank Austria acted as Mandated Lead Arrangerfor Russian Borrowers on the markets of retail trade, energy sector,metallurgy, real estate, telecommunications and banking services for atotal of over USD 5.9 billion.

ZAO Raiffeisenbank Austria is a subsidiary of Raiffeisen InternationalBank-Holding AG which operates one of the leading banking networks inCEE with subsidiary banks and leasing companies in 16 markets. More than11.7 million customers are attended to through more than 2,775 businessoutlets. In eight markets, the respective Network Bank ranks among thethree largest local banks. Representative offices in Lithuania andMoldova complement the Group''s presence in the region. RaiffeisenInternational is a fully consolidated subsidiary of RaiffeisenZentralbank Osterreich AG (RZB), which owns 70 per cent of the commonstock. The remaining 30 per cent is free float, the shares are traded onthe Vienna Stock Exchange. RZB is a leading corporate and investmentbank in Austria and the central institution of the Austrian RaiffeisenBanking Group, the country''s largest banking group.

 

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