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30.11.06

ZAO «Raiffeisenbank Austria» to be one of mandated lead arrangers of syndicated loan for «News Outdoor Rus» company.

  • Banks signed the Agreement for Syndicated Term Loan FacilityArrangement for LLCNews Outdoor Rus in the amount of USD 300 mln;
  • Deal amount exceeded the declared subscription amount;
  • Finance amount is the largest ever raised for a Russian advertisingcompany.

The Original Mandated Lead Arrangers and Underwriters, CommerzbankAktiengesellschaft, Raiffeisen Zentralbank Osterreich AG and ZAORaiffeisenbank Austria (RZB Group) have successfully completed a USD 300 million Syndicated Term Loan Facility issuance for LLC News Outdoor Rus. The Banks signed the loan agreement on 28th November, 2006. RZB Group acted as Bookrunner and Facility Agent.

The transaction was well appreciated by the investors and the Facilitywas oversubscribed.

This financing represents the largest ever syndicated loan deal issuedto a Russian advertising company and demonstrates the investors readiness to invest not only in Russias energy and commodities sector.

Deal Summary

The deal consists of two parts: USD 145 mln tranche to refinance theloan of the Borrower with the European Bank for Reconstruction andDevelopment and USD 155 mln tranche to finance a part of the Borrowers acquisition program, capital expenditures and general corporate purposes.

AmountUSD 300 mln
Tenor5 years
RepaymentSemi-annual instalments starting

2 years after Signing
MarginNet debt / earnings before

interest, taxation, depreciation

andamortization (EBITDA)
Basis points
1,25195
>=1,25 and 2,00220
>=2,00 and 2,50250
>2,50 and =3,50285

Participants

Status
Commerzbank AktiengesellschaftOriginal Mandated Lead Arranger
RZB GroupOriginal Mandated Lead Arranger
Standard Bank PlcMandated Lead Arranger
ZAO CALYON RUSBANK Corporate and

Investment Bank
Lead Arranger
ZAOInternational Moscow BankArranger
Raiffeisen Oberoesterreich AktiengesellschaftArranger
Banca Intesa SpA / ZAO Banca Intesa SpAArranger
VTB Bank (France) SALead Manager
BNP PARIBASLead Manager
CitigroupLead Manager
IKB Deutsche Industriebank AGLead Manager
INVESTKREDIT BANK AGLead Manager
Nova Ljubljanska banka d.d. (city of Ljubljana)Lead Manager
RAIFFEISENLANDESBANK

NIEDEROESTERREICH-WIEN AG
Lead Manager
Raiffeisen-landesbank AGManager

News Outdoor Rus is a limited liability company, established in theRussian Federation in 1995, and is owned and controlled by theinternational media company News Corporation headed by Rupert Murdoch.

NewsOutdoor Rus is the largestout-of-home advertising media operator in Russia offering advertising facilities of different format (billboards, street furniture (e.g. bus shelters), transit, airport and point-of-sale advertising).

ZAO"Raiffeisenbank Austria" ranks the 9th position among the largestRussian banks in terms of assets volume based on Q3 2006 results (CEAInterfax). As of today the Bank has 20 offices in Moscow, 5 offices inSaint-Petersburg and regional branches in Ekaterinburg, Samara,Novosibirsk, Chelyabinsk, Nizhniy Novgorod, Krasnodar, Krasnoyarsk andPerm. In terms of corporate loan portfolio Raiffeisenbank is on the 9thposition under the results of Q3 2006 (CEA Interfax).

ZAO"Raiffeisenbank Austria" is a subsidiary of Raiffeisen InternationalBank-Holding AG (Raiffeisen International) that operates subsidiarybanks and leasing companies in 16 markets in Central and Eastern Europe.11 million customers are attended through more than 2,700 businessoutlets. Raiffeisen International is a fully consolidated subsidiary ofRaiffeisen Zentralbank Osterreich AG (RZB), which owns 70 per cent ofthe common stock, the remaining 30 per cent is free float and the sharesare traded on the Vienna Stock Exchange. RZB is a leading corporate andinvestment bank in Austria and the central institution of the AustrianRaiffeisen Banking Group, the country''s largest banking group.

In 2005-2006 ZAO"Raiffeisenbank Austria" acted as an Arranger ofsyndicated loans for Russian borrowers in the field of retail trade,fuel and power industry, metallurgy, commercial real estate,telecommunications and banking services for a total of about USD 4.2 bln.

For additional information please contact:

News Outdoor

Russel Hoare tel. +44 20 7782 6717

CFO, News OutdoorGroup

rhoare@newsoutdoor.com

Olga Bortnyaeva tel. +7 095 926 5200

CFO, News Outdoor Rus

obortnyaeva@newsoutdoor.ru



Onbehalf of Mandated Lead Arrangers please contact:

RZB tel. +43 1 71707 1826

Anna-Maria Branschaedel

Annamaria.branschaedel@rzb.at

 

Press enter

Tel.: +7 495 721-36-17

E-mail: pr@raiffeisen.ru

Marketing department

E-mail: marketing@raiffeisen.ru

Information center

Tel.: +7 495 721-91-00

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