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Bank Austria Creditanstalt AG / Acquisition

21.06.2007

BA-CA signs agreement to acquire ATF Bank in Kazakhstan 

Date of entry: 21 June 2007

Bank Austria Creditanstalt, responsible within the UniCredit Group for commercial banking activities in CEE, has signed a share purchase agreement with private shareholders to acquire a majority shareholding in ATF Bank today. With total assets of EUR 6.3 billion and a market share of 11.8 per cent, ATF Bank is the third largest Kazakh bank. Additionally, ATF Bank is present with own subsidiaries in the Republic of Kyrgyzstan, in the Republic of Tajikistan and in the Russian Federation (Omsk region).

The purchase price for the entire outstanding capital of ATF is USD 2,175 million (EUR 1,625 million at current exchange rates), plus an amount equal to the capital increase (currently estimated at around USD 100 million or approx. EUR 75 million) to be subscribed by ATF"s existing shareholders before completion of the transaction. Since the transaction is expected to be completed during the second half of 2007, the purchase will be adjusted by an amount equal to 50 per cent of ATF Bank"s 2007 net profit. The transaction will be financed entirely from existing internal resources.

BA-CA"s objective is to acquire up to 100 per cent of ATF"s outstanding share capital through the acquisition of shares from the current majority shareholders and the mandatory tender offer to be launched for the remaining minorities. Following these steps, the level of ownership will be at least equal to 85% of the outstanding share capital of the bank.

Completion of the transaction is subject to the satisfaction of a number of conditions including, without limitation, receipt of all necessary regulatory authorizations and consents.

Credit Suisse and UniCredit Markets & Investment Banking acted as financial advisors to UniCredit and BA-CA, with Allen&Overy acting as legal advisor.

Enquiries: Michael Bauer Investor Relations Bank Austria Creditanstalt phone: +43 (0) 50505 - 58809 e-mail: michael.bauer@ba-ca.com

Эмитент : Bank Austria Creditanstalt AG Vordere Zollamtsstrasse 13, 1030 Vienna, Austria e-mail: IR@ba-ca.com Internet: http://ir.ba-ca.com

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