EANS-Adhoc: RZB Finance Jersey IV Ltd. / Exchange Offer to holders of the EUR 500,000,000 Non-cumulative Subordinated Perpetual Callable Step-up Fixed to Floating Rate Capital Notes

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Exchange Offer

18.06.2009

Exchange Offer to holders of the EUR 500,000,000 Non-cumulative
Subordinated Perpetual Callable Step-up Fixed to Floating Rate
Capital Notes (the "Existing Notes") (ISIN/Common Code
XS0253262025/025326202)

RZB Finance (Jersey) IV Limited has today invited all holders of the
Existing Notes to exchange any and all of their Existing Notes for
new Non-cumulative Subordinated Perpetual Callable Fixed to Floating
Rate Capital Notes (the "New Notes") to be issued by RZB Finance
(Jersey) IV Limited with the benefit of a support agreement from
Raiffeisen Zentralbank Österreich AG equivalent to the support
agreement for the Existing Notes.

The Exchange Offer will expire at 5.00 p.m. (CET) on Friday, 26 June
2009. The Pricing Time will be on the Business Day following the
Expiration Deadline. Announcement of the results of the Exchange
Offer Results will be made as soon as reasonably practicable
thereafter. Settlement is expected to be on Wednesday, 1 July 2009.

The Exchange Offer is made on the terms and subject to the conditions
set out in the Exchange Offer Memorandum dated 18 June 2009. The
Exchange Offer is not being made in the United States or Italy, or to
any U.S. person or to any person located or resident in Italy and is
also restricted in other jurisdictions (including the United Kingdom,
Belgium, France and Jersey), as more fully described in the Exchange
Offer Memorandum.

In connection with the Exchange Offer, BNP Paribas and UBS Limited
have been appointed as Dealer Managers and Lucid Issuer Services
Limited as Exchange Agent.

Jersey, 18 June 2009

RZB Finance Jersey IV Limited
Grenville Street 22
JE- St. Helier Jersey / Channel Islands

Further enquiries: Raiffeisen Zentralbank Österreich AG Andreas Ecker
Phone: +43 1 71707-2222 andreas.ecker@rzb.at or Kathrin Polster +43 1
71707 - 1753, kathrin.polster@rzb.at.

Disclaimer: This ad-hoc announcement constitutes neither an offer to
sell nor a solicitation to buy any New Notes. This ad-hoc
announcement is not being issued in the United States of America and
must not be distributed to U.S. persons (as defined in Regulation S
of the U.S. Securities Act of 1933, as amended ("Securities Act") or
with a general circulation in the United States. This ad-hoc
announcement does not constitute an offer or invitation to purchase
any New Notes in the United States. The New Notes have not been
registered under the Securities Act and may not be offered, sold or
delivered within the United States or to U.S. persons absent from
registration under or a applicable exemption from the registration
requirements of the United States Securities Laws.

end of announcement euro adhoc
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ots Originaltext: RZB Finance Jersey IV Limited
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Raiffeisen Zentralbank Österreich AG

Andreas Ecker-Nakamura

Phone: +43 1 71707-2222

mailto:andreas.ecker@rzb.at

Branche: Banking
ISIN: XS0253262025
WKN:
Börsen: Wien / stock market