The new online banking of Bank Austria.


The online banking for companies.

olbImgAlt To the MegaCard GoGreen-youth account
MegaCard GoGreen-youth account. The free MegaCard GoGreen-youth account for everyone from 10 to 20 years, and receive a welcome gift. To the MegaCard GoGreen-youth account

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.

This transaction confirms the continued strong commitment of UniCredit Group to the CEE region. Through the acquisition of ATF, the Group will strengthen its network through a leading presence in the Republic of Kazakhstan, as well as additional operations in the Republic of Kyrgyzstan, the Republic of Tajikistan and the Russian Federation. The expansion in to the Republic of Kazakhstan, the ninth largest country of the world, is a natural development of the Group’s growth strategy pursued in Central and Eastern Europe.

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.

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