Raiffeisen Bank International AG

Capital/Financing Update • Oct 27, 2011

Ad hoc announcement

Raiffeisen Bank International AG / Keyword(s): Miscellaneous

RBI: EBA analysis addresses capital needs for RZB Group on the basis of a
dramatically raised capital ratio target

Ad hoc announcement transmitted by DGAP - a company of EquityStory AG. The
issuer is solely responsible for the content of this announcement.

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Please find below the recently published release of our majority
shareholder RZB:

• RZB welcomes in principle decisions that aim to ensure greater stability
  in the eurozone.
• More than doubled Core Tier 1 ratio target of 9 per cent results,
  according to EBA, in an additional calculatory capital requirement of EUR
  1.9 billion for the RZB Group. RZB considers this amount to be excessive.
  For example, EUR 1 billion in participation capital subscribed by private
  investors was not taken into account.
• RZB's sub-group RBI was not addressed in the EBA analysis, but would have
  a lower additional calculatory capital requirement.
• RZB will take all necessary measures to comply with the new requirements.
  From today's perspective, the RZB Group will not need state support to do
  so.

Vienna, 27th October 2011. Raiffeisen Zentralbank Österreich AG (RZB) in
principle welcomes decisions that aim to guarantee more stability in the
eurozone. However, the additional capital requirement as determined by the
European Banking Authority (EBA) appears to be excessive, also in
comparison with banks in such strongly impacted countries as Germany or
France. Austrian banks are seen having a calculatory capital gap of EUR 2.9
billion, while the respective figures for France and Germany are EUR 8.8
billion and EUR 5.2 billion.

The RZB Group has no sovereign exposure in either Greece or Ireland and
only a low volume of sovereign exposure in Italy, Spain and Portugal.
Moreover, the EBA did not take into consideration EUR 1 billion of
participation capital that the RZB Group had placed with private investors.

The RZB Managing Board will undertake all measures necessary to ensure
compliance with the new requirements. From today's perspective, the RZB
Group will not need state support to do so.

Due to the sovereign debt crisis in Europe, the EBA conducted a survey
among 70 systemic banks in the EU to establish how these would be impacted
by a mark-to-market valuation of their sovereign exposure. In doing so, the
EBA applied a Core Tier 1 capital target of 9 per cent, more than twice as
high as previous targets, as the baseline for establishing the banks'
additional capital requirements. This new capital target ratio is to be
achieved by 30 June 2012. On the basis of these assumptions, the EBA
calculated that the analysed banks collectively had an additional capital
requirement of EUR 106 billion, with EUR 1,907 million attributed to the
RZB Group. These results reflect not only the drastic rise in the core
capital target from its current level of 4 per cent (or 4.5 per cent
according to Basel III) to 9 per cent, but also the specific methodology
and assumptions applied by the EBA. The results of the EBA's analysis were
based on the RZB Group's half-year 2011 figures and will be updated to
reflect the Group's results as per 30 September 2011

In its analysis, the EBA did not address the RZB Group's sub-group
Raiffeisen Bank International AG (RBI); however, had it done so, RBI would
have evidenced a lower additional capital requirement on the basis of the
applied assumptions and methodology. The EBA stress test results published
in July 2011 established that RBI was well-capitalised, with a Core Tier 1
ratio (according to the EBA's definition) of 7.8 per cent in the adverse
scenario applied in the stress test.

As per the end of June 2011, the RZB Group's own funds volume stood at EUR
12,538 million, while its Core Tier 1 capital amounted to EUR 9,290
million. The RZB Group's own funds ratio was 12.4 per cent, its Tier 1
ratio (credit risk) stood at 11.4 per cent, while its Tier 1 ratio
including market and operational risk was 9.1 per cent. The corresponding
ratios for RBI were 13.0 per cent, 11.8 per cent, and 9.4 per cent. RBI
will be issuing its results for the first three quarters of 2011 on 24
November 2011.

27.10.2011 DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Raiffeisen Bank International AG
Am Stadtpark 9
A-1030 Vienna
Austria
Phone: +43-1-71707-2089
Fax: +43-1-71707-2138
E-mail: ir@rbinternational.com
Internet: www.rbinternational.com
ISIN: AT0000606306
WKN: A0D9SU
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)

End of Announcement DGAP News-Service

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