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05.04.05

Raiffeisen International gives the starting signal for the IPO

Up to 29.8 million shares at a price between€ 27 and € 33 per share.

Between 4 and probably 21 April, a total of up to 29.8 million ordinarybearer shares with no par value will be offered in an Initial PublicOffer (IPO) in Austria and abroad. Up to 16.5 million shares areexisting shares offered by Raiffeisen Zentralbank Oesterreich AG (RZB)and the European Bank for Reconstruction and Development (EBRD), theInternational Finance Corporation (IFC) and the Austrian RegionalRaiffeisen Banks. Up to 13.3 million are shares to be issued byRaiffeisen International. The shares will be offered in a publicoffering in the Republic of Austria, a private placement in the UnitedStates of America to qualified institutional buyers in reliance on Rule144A under the U.S. Securities Act and a private placement outside thosestates to selected institutional investors. The RI-Share has beenadmitted for listing on the Official Market (Amtlicher Handel) of theVienna Stock Exchange and is expected to trade on the Vienna StockExchange in the Prime Market segment commencing on or about 25 April,2005.

The range of the offer price will be between€ 27 to € 33 per share, resulting in a total issue-volume between € 804.6 and € 983.4 million. Should the Greenshoe-option be exercised, the issue volume might increase to more than € 1.1 billion.

Important step for further growth

Walter Rothensteiner, General Manager of RZB und President of RI''sSupervisory Board, emphasized the importance of that step:"The capitalincrease and the going public support our long-term objectives: Highorganic growth rates and keeping our flexibility for selectedacquisitions." The partnerships of the EBRD and the IFC have preparedthat move and the current market environment is good, the more so as theshare represented a"pure CEE-play", he added.

Disclaimer: The information contained herein is not for publication ordistribution to United States persons or to publications with a generalcirculation in the United States. These materials are not an offer forsale of the securities in the United States. No public offering of thesecurities will be made in the United States. The securities referred toherein have not been and will not be registered under the US SecuritiesAct of 1933, as amended, and may not be offered or sold in the UnitedStates without registration thereunder or pursuant to an availableexemption therefrom.

 

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