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19.10.04

Raiffeisenbank acted as Lead Arranger of the syndicated loan for URALSIBBank.

15 October 2004 Raiffeisenbank Austria, ZAO (Russia) and RaiffeisenZentralbank Oesterreich (Austria) (hereinafterRaiffeisen Group) signed the syndicated loan agreement with the URALSIB Bank (hereinafter URALSIB). Raiffeisen Group acted as the Lead Arrangers of the syndication.The facility was twice oversubscribed compared with the initially launched syndication amount and reached USD 80 mln.

10th of August 2004 URALSIB mandated Raiffeisen Group to arrange thesyndicated loan facility. The facility was twice oversubscribed, thatallowed to increase the loan amount up to USD 80 mln. The facility tenoris 1 year with an option to extend for another 1 year. The interest ratemakes up LIBOR + 3,25%. The funds are intended to be used to finance theURALSIB Bank clients.

Besides the Lead Arrangers, 25 banks joined the syndicate: jointarrangers: ABN AMRO Bank N.V. (the Netherlands), American Express Bankltd (USA), Dresdner Bank AG (Germany), IMB, ZAO (Russia), JPMorgan ChaseBank IBF (USA), Landesbank Hessen-Thueringen (Germany), Ost-West Handelsbank AG (Germany); Arrangers: BTM (Europe) Limited (Great Britain), General Banking And Trust Co. Ltd. (Hungary), ING Bank N.V. (the Netherlands); Co-arrangers: AKA Ausfuhrkredit Gesellschaft m.b.H.(Germany), Bank Natexis, ZAO (Russia), Finansbank (Holland) N.V. (the Netherlands), Taiwan Business Bank (Taiwan); Lead Managers: BCEN Eurobank (France), The Export-Import Bank of the Republic of China (Taiwan), Landesbank Baden-Wuerttemberg (Great Britain), Mashreqbank plc (United Arab Emirates); Managers: Adria Bank AG (Austria), BRE Bank SA (Poland), Demir-Halk Bank (Nederland) N.V. (the Netherlands), Denizbank AG (Austria), DZ Bank AG Deutsche Zentral-Genossenschaftsbank (Germany).

Raiffeisenbank is one of the leading arrangers on the local syndicationloan market. During 2001-2004 the Bank acted as an arranger of a numberof syndicated loans to Russian borrowers in the sphere of retail trade,energy sector, metallurgy, commercial real estate and banking totallingto over USD 1.5 bln of which USD 600 mln was in 2003-2004. At presentRaiffeisenbank is working on several syndication loans for the Russiancompanies totalling to over USD 220 mln.

Raiffeisenbank Austria, ZAO is a subsidiary of Raiffeisen InternationalBank-Holding AG (Raiffeisen International). Raiffeisen International,100per cent owned by Raiffeisen Zentralbank Oesterreich AG (RZB-Austria),is the holding company for RZBs most important subsidiaries in Central and Eastern Europe (CEE). RZB-Austria is the central institution of the Austrian Raiffeisen Banking Group, the country''s most powerful banking group.

Raiffeisenbank Austria, ZAO is one of the largest Russian banks (isranked 12th in terms of net assets, based on H1 2004 results). Moodys Interfax Rating Agency has assigned the long-term national scale credit rating to Raiffeisenbank Austria at Aaa (rus) and the short-term rating at RUS-1.

 

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