Raiffeisen Bank International AG

M&A Activity • Feb 1, 2006

News Details

Ad-hoc | 1 February 2006 07:37

Raiffeisen International Bank-Holding AG: Raiffeisen International acquires Impexbank in Russia

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Ad-hoc Release according to §48d Abs. 1 BörseG Raiffeisen International acquires Impexbank in Russia Vienna, 1st February 2006. Late at night, on 31st January 2006, Raiffeisen International Bank-Holding AG (Raiffeisen International) (ISIN: AT0000606306) signed a contract for the acquisition of 100 per cent of JSC Impexbank (Impexbank) in Russia. The purchase price will be up to USD 550 million plus a possible price adjustment resulting from the revaluation of a real estate asset. The transaction is subject to a successful closing in particular the consent of the competent authorities like the Austrian Financial Market Authority, the Central Bank of Russia and the merger control authorities in Austria and Russia. The acquisition marks an acceleration in Raiffeisen International’s existing retail strategy in Russia. Raiffeisen International will become the largest foreign owned banking group in Russia with the acquisition of Impexbank. Impexbank was founded in 1993 and is owned by several Russian companies. Its business focus is primarily on retail customers and SMEs and it operates through a nationwide distribution network of approximately 190 branches and offices as well as 350 consumer finance outlets. The bank had total assets of Euro 1.2 billion, a net income of Euro 9.0 million and employed 4,320 people in the first half of 2005. Raiffeisen International is already represented in Russia by ZAO Raiffeisenbank Austria, which started operations in 1997. Raiffeisenbank had a balance sheet total of Euro 3.0 billion with 23 business outlets and 1,312 staff in the first half of 2005. For further information please contact: Susanne E. Langer Head of Investor Relations Raiffeisen International Bank-Holding AG A-1030 Vienna, Am Stadtpark 9 Tel.: +43 (1) 717 07 2089 Fax: +43 (1) 717 07 2138 investor.relations@ri.co.at http://www.ri.co.at (c)DGAP 01.02.2006 ————————————————————————— language: English emitter: Raiffeisen International Bank-Holding AG Am Stadtpark 9 1030 Vienna Österreich phone: +43-1-71707-2089 fax: +43-1-71707-2138 email: investor.relations@ri.co.at WWW: www.ri.co.at ISIN: AT0000606306 WKN: 60630 indexes: stockmarkets: Amtlicher Markt in Wiener Börse; Freiverkehr in Berlin-Bremen, Frankfurt, München, Stuttgart End of News DGAP News-Service —————————————————————————