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22.04.05

Raiffeisen International IPO breaks all records.

Biggest IPO in the history of the Vienna Stock Exchange. Record highdemand from Austrian retail investors. Offer receives global attention.Book 22-times over-subscribed. Reduced allocation necessary. Strongsignal for the Austrian capital market.

The Initial Public Offering (IPO) of Raiffeisen InternationalBank-Holding AG (Raiffeisen International) is, with a volume of€ 1.11 billion, subject to the exertion of the option to cover for over-allotments, the biggest IPO in the history of Austria. It has attracted a record high demand from investors in Austria and abroad. The offering of 29.8 million shares generated orders for almost 680million shares, an over-subscription of about 22 times. Austrian retail investors alone placed about 84,000 orders for a total of more than 34 million shares of Raiffeisen International.

Herbert Stepic, CEO of Raiffeisen International, values this IPO as asign of the vitality of the Austrian capital market.“Demand from Austrian retail as well as institutional investors was € 4 billion. International institutional investors have also shown great interest in Raiffeisen International. Our growth strategy has experienced enormous resonance, with major orders coming in fromEurope, the U.S., and Asia, sometimes in the hundreds of million of Euros”, says Stepic.

The issue price for the 29.8 million shares on offer has been fixed at€ 32.5, valuing the deal at € 968.5 million. The 13.3 million shares resulting from a capital increase will provide € 432.25 million (without the option to cover for over-allotments) which will be used to fund further growth of Raiffeisen International. An additional 16.5 million shares are being sold by existing shareholders.

There is also an option to cover over-allotments of 15 per cent (4.47million shares), which can be exercised by the lead managers within 30days of the underwriting of the agreement. If this option is exercisedthe volume will increase to 34.27 million shares valuing the deal at€ 1.11 billion.

At 72 per cent of the common stock (70 per cent, if the option to coverfor over-allotments is exercised) RZB will remain majority shareholderof Raiffeisen International. The remaining 28 per cent (30 per cent)will be free-float. The existing shareholders International FinanceCorporation (IFC) and European Bank for Reconstruction and Development(EBRD) will remain with a share of about 3 per cent each.

For further information please contact Michael Palzer (+43.1.71707-1504,michael.palzer@ri.co.at)or Andreas Ecker-Nakamura (+43.1-71707-1753,andreas.ecker@rzb.at).

www.ri.co.at

 

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