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27.10.06

Raiffeisenbank acted as IPO for Sodruzhestvo Group

On October 26, 2006 the IPO of LLC Sodruzhestvo-Finans, 100% subsidiaryof the Sodruzhestvo group, was placed on Russia''s MICEX. According tothe results of the competitive tendering, the first coupon rate wasfixed at 10,45% p. a.. Accordingly, the yield-to-maturity was 10,72% p.a..

During the competitive tendering for the first coupon rate, a total of47 applications were received. Investors quoted rates in a range of9,95% - 10,75% p. a., and the issue was placed in full that day.

The bonds have a face value of RUR 2,5 billion, a maturity period of 3years and carry semiannual coupons. The rates of coupons are equal forthe whole circulation period and are set at 10,45% p. a..

The IPO was organized by CJSC Raiffeisenbank Austria

The co-organizers of the IPO were Deutsche Bank, MDM-Bank and Svyaz Bank.

VTB 24, SOYUZ Bank and International Moscow Bank served as underwriters.

60% of the funds raised after the placement of bonds will be directed tothe refinancing of credit portfolio of the Sodruzhestvo Group, and 40%of the funds will be used for the financing of the completion ofconstruction of the biggest soybean recycling plant in the RussianFederation in an inhouse port.

The Sodruzhestvo Group is the leading importer, producer and distributorof animal feed components in Russia, Ukraine, Belarus, Kazakhstan,Azerbaijan and the Baltic States. Under the trademark«Sodruzhestvo» it sells animal feeding production, like protein-vitamin-mineral supplements (PVMS), premixes, fish-flour, soybean oil meal, corn gluten and lysine. The biggest suppliers of the Group are world leaders of the agricultural market: Bunge S.A, Cargill, Toepfer Int (ADM), CJ Korea; some production lines are manufactured at an own factory in Denmark, including premixes for a pet food production plant of Mars in Russia.

About two thirds of the sales of the Group fall on Russia, where thecompany has a permanently high market share: 63% of corn gluten market,40% of soy animal feed components and 31,5% of animal feed vitamins inRussia. The remaining sales fall on CIS countries, the Baltic States andcountries of the Western Europe. The Group has a diversified salesportfolio: over 300 regular customers (the largest of which are Mars,Provimi Group and Prodo Management).

Raiffeisenbank is one of the leaders of the Russian corporate bondmarket. During the period from 2001 to 2006, the Bank has organized orco-organized 85 corporate bond issues with a total nominal value ofalmost RUR 250 billion.

CJSC Raiffeisenbank Austria is the 8th largest bank in Russia in termsof assets as of the 2nd quarter of 2006 (EAC Interfax). The Bank has 19outlets in Moscow, 5 in St. Petersburg, and regional branches inEkaterinburg, Samara, Novosibirsk, Chelyabinsk, Nizhny Novgorod,Krasnodar, Krasnoyarsk and Perm. Raiffeisenbank is ranked 6th among theleading retail Russian banks in terms of volume of private loans, and7th in terms of volume of private deposits, according to the data basedon the results of the 2nd quarter of 2006 (EAC Interfax). Raiffeisenbankis ranked 9th in terms of corporate credit portfolio as of the 2ndquarter of 2006 (EAC Interfax).

 

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