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Raiffeisen International shareholders’ meeting authorizes capital increase


07 June 2006

Raiffeisen International shareholders’ meeting authorizes capital increase

 

Shareholders’ meeting authorizes the Managing Board to increase the ordinary share capital by up to 50 per cent. Dividend of € 0.45 per share approved.

Today, Raiffeisen International Bank-Holding AG conducted its first shareholders’ meeting since its flotation at the Vienna Stock Exchange in April 2005. With about 700 attendants, it was one of the largest shareholders’ meetings in the recent history of Austrian listed companies.

Herbert Stepic, CEO of Raiffeisen International: “The group’s market capitalisation has more than doubled since the IPO. The group is currently valued at € 9.4 billion. The IPO was a success for all parties involved. We are growing, we create value – and we are doing it sustainably.”

The shareholders of Raiffeisen International enjoy a robust capital gain since the Initial Public Offering (IPO). The share price advanced by more than 70 per cent until the end of 2005 and further gained 27 per cent in the first quarter of 2006. Since the IPO the overall share price performance is 103 per cent, leaving the ATX (plus 40 per cent) as well as the Dow Jones EURO STOXX Bank (plus 27 per cent) well behind. (All Data based on closing prices on 6 June 2006)

The shareholders’ meeting has authorized the Managing Board to increase the ordinary share capital by up to 50 per cent. At the same time the shareholders approved a dividend of € 0.45 per share for the business year 2005. This translates into a payout amount of € 64.2 million and a payout ratio of 16.8 per cent. Ex-dividend date will be 13 June 2006.

The Supervisory Board Members Walter Rothensteiner (Chairman), Manfred Url (Deputy Chairman) and Karl Sevelda, all Members of the Managing Board of Raiffeisen Zentralbank Österreich AG, were confirmed for five more years. The reports from the Managing Board and the Supervisory Board as well as the remaining items of the agenda were approved by a vast majority of votes.