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28.06.2011

New ErfolgsAnleihe bond with an attractive initial interest rate of 3 % p.a.1 in the first year and security for capital at the end of the term

Bank Austria is now offering Fix-Floater-Anleihe 2011–2014 Serie 24, a new ErfolgsAnleihe bond for investors who want to invest their money for a reasonable term without having to worry. The ErfolgsAnleihe bond has a term of three and a half years and offers security for capital if held to maturity. Interest is paid quarterly at the coupon dates, the initial interest rate is 3 per cent p.a.1 for the first year. Thereafter the interest rate will be adjusted on a quarterly basis to the 3-month EURIBOR without deduction; the minimum interest rate is 2 per cent p.a.1 and the maximum interest rate is 5 per cent p.a.1 The minimum investment is EUR 3,000, the bond is denominated in units of EUR 1,000.

Security for capital and interest
Interest on the ErfolgsAnleihe bond is paid quarterly on specified dates. The minimum interest rate from the second year is 2 per cent p.a.1 and the maximum interest rate is 5 per cent p.a.1 This enables investors to benefit from possible interest rate rises of up to 5 per cent p.a.1 in the remaining two and a half years to maturity.
Capital is repaid at 100 per cent of the nominal value at the end of the term.

Investors who need their capital before maturity can sell the Fix-Floater-Anleihe 2011–2014 Serie 24 bond at the prevailing market price. It should be noted that the ErfolgsAnleihe bond is subject to price fluctuations during its term. If the investment is not held to maturity, there is a risk that investors may not get back the full amount invested. Bank Austria is liable with its entire assets for the payment of interest and capital.

Enquiries: Bank Austria Media Relations Austria
 Matthias Raftl, tel. +43 (0) 50505 52809
  e-mail: matthias.raftl@unicreditgroup.at

Details of the issue:

Fix-Floater-Anleihe 2011–2014 Serie 24 of UniCredit Bank Austria AG

ISIN: AT000B042205
Offered: from 27 June 2011, continuous issue
Denomination: EUR 1,000 (minimum investment EUR 3,000)
Term:  3.5 years (27 June 2011 to 26 December 2014)
Coupon: First year
 3 % p.a.1, fixed,
 coupons due on 27 September and 27 December 2011, and on 27 March and 27 June 2012
 Years 2 to 3.5
3-month EURIBOR without a discount, quarterly adjustment; minimum interest rate 2 % p.a.1; maximum 5 % p.a.1, first coupon due on 27 September 2012
Interest payments: on 27 March, 27 June, 27 September and 27 December of each year in arrears
Redemption:  on 27 December 2014 at 100 %
Callable:  No
Listing: An application is being filed for a listing on the Third Market of the Vienna Stock Exchange (Wiener Börse)
Type of issue: This security is a continuous issue under the base prospectus published for the offering programme of UniCredit Bank Austria AG covering the issue of non-equity securities pursuant to Section 1 (1) 4b of the Austrian Capital Markets Act (Kapitalmarktgesetz - KMG).
Sale before maturity: At the current market price

1) Based on the nominal value of 100%. Taxation: 25% Austrian capital yields tax (Kapitalertragsteuer – KESt) will be deducted from interest income (final taxation) of assets of individual investors with unlimited tax liability in Austria, and from interest income of specific corporate investors with limited tax liability in Austria. For investments made from 1 October 2011: an additional 25% Austrian capital yields tax will be deducted from realised capital gains. 25% corporation tax (Körperschaftsteuer – KÖSt) will be deducted from interest income of corporate investors with unlimited tax liability in Austria. It should be noted that the tax treatment depends on an investor's personal circumstances and that information is provided on the basis of the current legal situation, which may be subject to change. We in particular draw attention to the government bill on the Austrian Tax Amendment Act 2011 (Abgabenänderungsgesetz 2011), under which the implementation of the new Austrian capital yields tax (KESt neu) is to be postponed from 1 October 2011 to 1 April 2012. It remains to be seen when the measures will finally be enacted.

Disclaimer:
This information does not constitute investment advice or a recommendation. Nor does it in particular constitute an offer or solicitation to buy or sell this ErfolgsAnleihe bond. It is provided only as initial information and cannot replace advice tailored to the investor's knowledge and specific circumstances. Every investment of capital involves a degree of risk.

Your relationship manager will be pleased to provide you with further details of the Fix-Floater-Anleihe 2011-2014 Serie 24 bond of UniCredit Bank Austria. This information does not constitute a prospectus within the meaning of the Austrian Capital Markets Act (Kapitalmarktgesetz – KMG).

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