Raiffeisen Bank International AG

Share Issue/Capital Change • Sep 17, 2007

News Details

Ad-hoc | 17 September 2007 08:31

Raiffeisen International Bank-Holding AG: Raiffeisen International resolves on capital increase

Raiffeisen International Bank-Holding AG / Capital Increase

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

---

Vienna, 17 September 2007. The management board of Raiffeisen International
Bank-Holding AG has resolved on a capital increase from authorized capital
through the issuance of up to 11,897,500 new shares. This transaction will
increase the share capital of Raiffeisen International from currently EUR
435,448,500.00 by up to 8.33 % to up to EUR 471,735,875.00.

Existing shareholders will be entitled to subscribe for one new share for
every twelve outstanding shares held (subscription ratio of 1 : 12). Shares
for which subscription rights are not exercised will be offered by way of
public offering to retail and institutional investors in Austria and by way
of private placements to institutional investors outside Austria. The
subscription and offer period will start on 19 September and is expected to
end on or about 3 October 2007.

The management board of the company has set the maximum subscription and
offer price at EUR 120.00 per share. The final subscription and offer price
as well as the final number of new shares will be determined in a
bookbuilding procedure (i.e., on the basis of the order book maintained by
the joint bookrunners and based on the then-current share price) and will
be decided and announced upon expiry of the subscription and offer period,
which is expected to be on or about 3 October 2007. Depending on the final
offer and subscription price and assuming the sale of the maximum number of
shares offered, the transaction volume may reach approximately EUR 1.22
billion (e.g. based on the latest available closing price on Friday, 14
September 2007, of EUR 102.90). Provided the transaction runs according to
plan, the first trading day for the new shares on the Vienna Stock Exchange
is expected to be 5 October 2007. The new shares carry full dividend rights
from and including the fiscal year 2007.

The proceeds from the capital increase are intended to strengthen the
company’s capital base as a foundation for the continuing dynamic organic
growth in Central and Eastern Europe and to support selective acquisitions.
Raiffeisen International intends to focus its investments on the regions of
Southeastern Europe and the CIS. In its further growth, Raiffeisen
International intends to focus on the mid-market segment of its corporate
client business and the expansion of its retail business which is
developing very successfully.

The capital increase remains subject to the approval of the supervisory
board, and the prospectus for the public offer in Austria is still subject
to approval by the Austrian Financial Market Authority. These approvals are
expected for tomorrow, 18 September 2007.

Raiffeisen International expects that Raiffeisen Zentralbank Österreich AG,
Raiffeisen International’s majority shareholder with a shareholding of
currently 70 %, will exercise approximately 68 % of its subscription rights
to enable an increase of the free float of Raiffeisen International shares.

Deutsche Bank Aktiengesellschaft and Raiffeisen Centrobank AG are acting as
joint bookrunners in the offering.

For further information please contact:

Susanne Langer
Vice President Investor Relations
Raiffeisen International Bank-Holding AG
Am Stadtpark 9
1030 Vienna
Austria
investor.relations@ri.co.at
telephone: +43-1-71707-2089
website: http://www.ri.co.at

THIS ANNOUNCEMENT CONSTITUTES NEITHER AN OFFER TO SELL NOR A SOLICITATION
TO BUY ANY SECURITIES. A PUBLIC OFFER BY RAIFFEISEN INTERNATIONAL
BANK-HOLDING AG (THE 'COMPANY') HAS NOT YET TAKEN PLACE. ANY SECURITIES
ORDERS RECEIVED PRIOR TO THE COMMENCEMENT OF THE OFFER PERIOD WILL BE
REJECTED. IF AN OFFER IS MADE, A PROSPECTUS APPROVED BY THE AUSTRIAN
FINANCIAL MARKET AUTHORITY WILL BE PUBLISHED IN AUSTRIA BY MAKING IT
AVAILABLE AT THE COMPANY.

THIS ANNOUNCEMENT IS NOT AN OFFER FOR SALE OF SECURITIES IN ANY
JURISDICTION WHERE SUCH AN OFFER IS ILLEGAL. THE SECURITIES HAVE NOT BEEN
REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
'SECURITIES ACT'), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES
ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES
ACT.

THIS ANNOUNCEMENT IS NOT BEING ISSUED IN THE UNITED STATES AND MAY NOT BE
DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH GENERAL CIRCULATION IN THE
UNITED STATES.

THIS ANNOUNCEMENT IS DIRECTED ONLY AT PERSONS (I) WHO ARE OUTSIDE THE
UNITED KINGDOM OR (II) WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING
TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND
MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED) (THE
'ORDER') OR (III) WHO FALL WITHIN ARTICLE 49(2)(A) TO (D) ('HIGH NET WORTH
COMPANIES, UNINCORPORATED ASSOCIATIONS ETC.') OF THE ORDER (ALL SUCH
PERSONS TOGETHER BEING REFERRED TO AS 'RELEVANT PERSONS'). ANY PERSON WHO
IS NOT A RELEVANT PERSON MUST NOT ACT OR RELY ON THIS ANNOUNCEMENT OR ANY
OF ITS CONTENTS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS
ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE
ENGAGED IN ONLY WITH RELEVANT PERSONS.
17.09.2007 Financial News transmitted by DGAP

---

Language: English
Issuer: Raiffeisen International Bank-Holding AG
Am Stadtpark 9
1030 Vienna
Österreich
Phone: +43-1-71707-2089
Fax: +43-1-71707-2138
E-mail: investor.relations@ri.co.at
Internet: www.ri.co.at
ISIN: AT0000606306
WKN: A0D9SU
Listed: Amtlicher Markt in Wien; Freiverkehr in Berlin, München,
Stuttgart; Open Market in Frankfurt

End of News DGAP News-Service

---