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08.03.05

General Meeting of Raiffeisen International decides a capital increase.

Today, the Managing Board of Raiffeisen International Bank-Holding AG(Raiffeisen International) was authorized by an extraordinary generalmeeting to increase the capital stock by up to€ 67 million (or 17.6 per cent) by issuing new shares. The current capital stock amounts to € 380.4 million. Furthermore, the doubling of shares to 125 million by means of a share split was agreed. With these steps, the structural prerequisites for an Initial Public Offering (IPO) of Raiffeisen International have been met.

Subject to the fulfillment of the legally required steps– above all the submission of an offering circular – a series of presentations designed for Austrian-based potential investors are scheduled from the beginning of April.

Currently, Raiffeisen Zentralbank Oesterreich AG (RZB) owns 86 per centof Raiffeisen International''s shares. The Austrian Regional RaiffeisenBanks own 6 per cent, the European Bank for Reconstruction andDevelopment (EBRD) and the International Finance Corporation (IFC)account for the balance with 4 per cent each.

Raiffeisen International is the holding company for RZB''s participationsin Central and Eastern Europe (CEE), steering a network of 15 subsidiarybanks. The group has 916 business outlets throughout the CEE-region. Itsnetwork banks rank among the three largest banks in seven CEE markets.As of year-end 2004, Raiffeisen International''s balance sheet totalincreased by approximately 40 per cent to more than€ 28 billion (preliminary figures), which is almost twice as much as at the end of 2002.

 

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