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Performance of Bank Austria Wohnbaubank in the 2011 financial year

With a total issue volume of more than EUR 4.06 billion, which is about one-third of all Wohnbauanleihen (residential construction bonds) issued since 1994, Bank Austria Wohnbaubank once again maintained its position as Austria’s largest bank in the residential construction segment in 2011, which proved to be yet another difficult financial year.

Founded as a special-purpose bank in 1994, Bank Austria Wohnbaubank AG focuses exclusively on issuing residential construction bonds with tax benefits. It closed the 2011 financial year with a slightly improved result despite the fact that market conditions remained difficult.

While the issue volume of residential construction bonds in 2011 once again lagged behind expectations with EUR 115 million, the total volume of outstanding bonds remained virtually unchanged at EUR 4.06 billion. A total of four residential construction bonds were issued in 2011.

The proceeds from Bank Austria Wohnbaubank bond issues are made available as special-purpose deposits, resulting in an investment volume of EUR 6.5 billion to date. These funds have been used to co-finance the construction or renovation of a large number of housing units since Bank Austria Wohnbaubank commenced operations.

In 2011, total assets came to roughly EUR 4.19 billion and thus remained almost unchanged compared to the previous year. Operating profit improved to approximately EUR 3.7 million. However, the bank tax that was levied for the first time in 2011 had a major impact on net profit, which fell to roughly EUR 2 million.

Details of the current 2012 bond issue of Bank Austria Wohnbaubank AG:

The new WohnbauAnleihe bond “2 % – 3,5 % Stufenzins-Wandelschuldverschreibung 2012–2024/3” will be available for subscription starting on 26 June 2012

Issuer: Bank Austria Wohnbaubank AG
Availability: From 26 June 2012
First value date: On 28 June 2012, thereafter plus accrued interest
ISIN: AT000B074380
Term: 12 years, 28 June 2012–27 June 2024
(in relation to the nominal value
of 100%): Average of 2.33% p.a. if the investment is held to maturity
1st–3rd year: 2% p.a.
4th–5th year: 2.125% p.a.
6th–8th year: 2.25% p.a.
9th–11th year: 2.5% p.a.
12th year: 3.5% p.a.
Interest payments: 28 June of each year, for the first time in 2013
Repayment/Redemption: On 28 June 2024 at the nominal value, provided that the investor does not convert the bond
Denomination: Nominal value of EUR 100 (minimum investment of EUR 1,000)
Issue price: Your advisor will be happy to provide you with information on the current issue price.
Fees: – Custodial fee of 0.22% p.a. plus 20% VAT on the market value (minimum of EUR 3.66 p.a. per securities position plus 20% VAT).
– Selling fees of 0.7% of the sale value                         (minimum EUR 22).
Conversion right: Convertible bonds with a nominal value of EUR 400 can be converted into 5 no-par participation certificates of the issuer. This corresponds to a nominal conversion price of EUR 80 per participation certificate.
Conversion dates: 28 June of each year, for the first time on 28 June 2013
Ordinary cancellation: Not possible on the part of Bank Austria Wohnbaubank AG or the investor
Taxation: – Interest exempt from capital gains tax for Austrian private investors.
– For WohnbauAnleihe bonds purchased after 1 April 2012, capital gains from a sale are subject to 25% capital gains tax.
– For natural persons residing in a member state of the European Union outside of Austria, all interest income from these securities is subject to the 35% EU withholding tax pursuant to Directive 2003/48/EC from 3 June 2003.

Please note that the tax treatment depends on the investor’s personal circumstances, and that the described tax advantages may be eliminated in part
or in whole in future by changes in the relevant laws.


This information regarding WohnbauAnleihe “2 % - 3,5 % Stufenzins-Wandelschuldverschreibung 2012-2024/3” is intended solely for informational purposes and does not represent investment advice or an investment or product recommendation. In addition, it is not an offer or invitation to buy or sell the bond described herein. It is intended solely as introductory information and is not a substitute for advice provided on the basis of the investor’s individual circumstances and knowledge. Every capital investment involves risks, and the value of the bond can fluctuate during the term. Redemption of the WohnbauAnleihe bond at the nominal value occurs on the redemption date according to the bond terms and conditions. The bond may be sold before maturity at the prevailing market price. The prevailing market price may be less than the issue price, so it is possible that the investor may fail to recover the full invested amount.

This press release is not a prospectus as defined by the Austrian Capital Market Act (Kapitalmarktgesetz; KMG). A prospectus pursuant to § 7 KMG was published on 22 June 2012 in accordance with § 10 paragraph 3 item 2 KMG. The prospectus is available free of charge at the registered domicile of Bank Austria Wohnbaubank AG, Lasallestraße 1, A-1020 Vienna, and can also be obtained at all branches of UniCredit Bank Austria AG.


Enquiries: Bank Austria Press Office Austria
 Matthias Raftl, tel. +43 (0)5 05 05 - 52809;
 e-mail: matthias.raftl@unicreditgroup.at

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