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Cash Consideration for the BA-CA Squeeze-out Set at Euro 129.4 per Share

Date of entry: 26 March 2007

Today, UniCredito Italiano S.p.A. ("UniCredit") and the management board of Bank Austria Creditanstalt AG ("BA-CA") have determined the adequate cash compensation to be paid in the context of envisaged BA-CA squeeze-out to amount to Euro 129.4 for each of the 7,374,016 outstanding bearer share, representing approximately 3.65% of BA-CA’s entire share capital. This corresponds to a total cash compensation of approximately Euro 950 million.

The squeeze-out compensation has been determined on the basis of an expert report prepared by Deloitte Valuation Services GmbH, Vienna, Austria, in accordance with the Austrian evaluation standard KFS BW1. A report on the adequacy of the determined cash compensation is expected to be issued by TPA Horwath Wirtschaftsprüfung GmbH, the independent auditor appointed by the competent commercial court of Vienna, by the end of this week.

BA-CA shareholders’ meeting is envisaged to take place on 3 May 2007 in order to resolve on the squeeze-out.

Gerhard Smoley
Investor Relations Bank Austria Creditanstalt
phone: +43 (0) 50505 - 58853
e-mail: Gerhard.Smoley@ba-ca.com

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

ISIN:  AT0000995006    
Vienna, prime market
Warsaw, main market

Largest bonds by volume issued:
ISIN:              Stock exchanges:
xs 0211008544    Luxembourg
xs 0206399627    Luxembourg

Further stock exchanges where bonds are admitted to listing:
Vienna, Frankfurt, Paris, Amsterdam