Raiffeisenlandesbank Oberösterreich AG (RLB OOE)

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1 Raiffeisenlandesbank Oberösterreich AG (RLB OOE) Austria s strongest regional bank Third quarter

2 The basis for a successful future Key data on RLB OOE Group Page 2 Facts Austria's fourth largest bank Austria's strongest regional bank Austria's largest Raiffeisenlandesbank Embedded in Austria's strongest business region Key figures (in EUR M) Equity ratio Total assets 39,385 Pre-tax profit 244 CET 1 Ratio: 14.6 % Total Capital Ratio: 17.0 % Source: , TFM Figures as at 31 December 2016

3 Content Page 3 1. Macroeconomic and bank-specific data, Austria Page 4 2. Raiffeisen in Austria - overview and structure Page 8 3. RLB OOE Page Key Figures Page Funding Page Cover Pool Page Conclusion Page Contact Details Page 33

4 1. Macroeconomic and bankspecific data, Austria

Data and facts on Austria Page 5 General data Austria 2016 Eurozone share Population 8,629,519 2.5 % Surface area (in km²) 83,879 3.0 % Nominal GDP (in EUR B) 349,493 3.

0 1.7 0.9 1.5 1.7 1.9 5.4 5.6 5.7 6.1 5.9 5.9-1.3-2.7-1.0-1.6-1.0-0.7 Special effects, e. g.

5 Data and facts on Austria Page 5 General data Austria 2016 Eurozone share Population 8,629, % Surface area (in km²) 83, % Nominal GDP (in EUR B) 349, % GDP/per capita (in EUR) 39, % above eurozone average p 2017p 2018p Gross domestic product (change as % p. a.) Inflation (as % p. a.) Unemployment rate (%) Budget balance (as % of GDP) Special effects, e. g. tax reform stimulates growth 2016; effects will ease slowly Inflation rate in the Eurozone above average Modest recovery are expected in the next few years Consolidation ongoing, deficit within the Maastricht framework State debt ratio (as % of GDP) Consolidation is on track, the trend is downward Source: ; TFM/WPR-ER; Eurostat; Statistik Austria, IMF

6 Upper Austria has the strongest economic growth of all the regions Page Upper Austria Vorarlberg Styria Austria Vienna Tyrol Carinthia Salzburg Lower Austria Burgenland Rating Moody s Rating S&P Aa1 Aaa B3 Aa1 AA+ AA AA+ AA+ AA AA Source: , TFM, APA Economic Growth in %

7 The largest Austrian banks Page 7 Position Bank Total assets (in EUR B) Number of employees Core Tier I Ratio (in %) 1 Erste Group Bank AG , Raiffeisen Bank International AG - RBI * , Unicredit Bank Austria AG , Raiffeisenlandesbank Oberösterreich AG ,247 ** BAWAG P.S.K. AG , Österreichische Kontrollbank AG Raiffeisenlandesbank Niederösterreich AG , Oberbank AG , HYPO NOE Gruppe (concern) Raiffeisenlandesbank Steiermark AG * after the merger of RBI and RZB on 18 th of March 2017 ** excl. VIVATIS/efko Group Source: , TFM Bankersalmanac; News Networld Internetservice GmbH; Figures as at 31 December 2016

8 2. Raiffeisen in Austria overview and structure

Structure of the Raiffeisen banking sector in Austia and Upper Austria Page 9 Austria Upper Austria 473

Raiffeisenbanks Across Upper Austria 85 independent Raiffeisenbanks with around 414 bank branches 100 % 8

80 % ** Raiffeisen Bank International * Shareholder in Raiffeisen Bank International 9.

9 Structure of the Raiffeisen banking sector in Austia and Upper Austria Page 9 Austria Upper Austria 473 Raiffeisenbanks Across Austria 473 independent Raiffeisenbanks with a total of 1,500 bank branches 100 % 85 Raiffeisenbanks Across Upper Austria 85 independent Raiffeisenbanks with around 414 bank branches 100 % 8 Raiffeisenlandesbanks Majority shareholder in Raiffeisen Bank International % ** Raiffeisen Bank International * Shareholder in Raiffeisen Bank International 9.53 % Raiffeisen Bank International * * Based on the merger of RZB and RBI on 18 March 2017 ** free float % (listed on the Vienna Stock Exchange) Source: ; TFM

10 Raiffeisen in Upper Austria Page 10 Strong position in the region 85 Raiffeisenbanks with 414 branches (excl. RLB OOE) 3,993 employees in the group EUR 45 billion in total assets as of December 2016 for Raiffeisen Banking Group Upper Austria Market share Corporates 85.2 % SMEs 37.8 % Retail customers 55.8 % Source: , TFM, PVK/VM

11 3. RLB OOE

Customer proximity that makes us a partner Page 12 Locations

Augsburg Heilbronn Munich Nuremberg Passau Regensburg Ulm

12 Customer proximity that makes us a partner Page 12 Locations and branch offices Czech Republic: Prague Southern Germany: Augsburg Heilbronn Munich Nuremberg Passau Regensburg Ulm Würzburg Villingen-Schwenningen Austria: Upper Austria OberÖsterreich.Haus, Vienna Raiffeisenlandesbank Oberösterreich was named bank of the year in Germany for the third time Source: , TFM, ORG/I

13 Strategic guideline Page 13 Our customers are at the heart of Raiffeisenlandesbank Oberösterreich s activities. Treasury (Asset Liability Management and Corporate Treasury) Corporate Banking (corporate and institutional customers) Retail Banking (retail and commercial customers) Private Banking (affluent private customers) Raiffeisenbanks (strategic relationship) Investment management Real estate management Source: , TFM

14 Main participations Page 14 Banks and Banks financial and institutes financial institutes Bank-related shareholdings activ factoring AG, Munich 100 % GRZ IT Center GmbH % Raiffeisen-IMPULS-Leasing Gesellschaft m.b.h. 100 % Industrial holdings SALZBURGER LANDES- HYPOTHEKENBANK AG KEPLER FONDS Kapitalanlagegesellschaft mbh % % VIVATIS Holding AG 3) efko Frischfrucht und Delikatessen GmbH Österreichische Salinen AG 100 % % % Oberösterreichische Landesbank AG % AMAG Austria Metall AG % Raiffeisenbank a.s., Prague % Energie AG 2) % Oberösterreichische Versicherung AG 9.96 % Voestalpine AG 1) % Raiffeisen Bank International AG 9.53 % Real estate 1) proportion of shares with voting rights < 15 % 0.55 % RLB directly 9.61 % RLB indirectly via RAIFFEISENLANDESBANK OBERÖSTERREICH Invest 2) cumulative shares incl. Raiffeisen Banking Group Upper Austria 3) cumulative shares via PS RAIFFEISENLANDESBANK OBERÖSTERREICH and OÖ Beteiligungsgesellschaft m.b.h. & Co OG Source: , BET, Szigmund, Ganglbauer REAL-TREUHAND Management GmbH RealRendite Immobilien GmbH RealBestand Immobilien GmbH & Co KG 100 % 100 % 100 %

Moody s Rating and oekom rating Page 15 Long term Baa2 Short-term P-2 Outlook Mortgage Covered Bond Rating oekom rating stable Aaa C (prime) Audit of the European Banking Authority

15 Moody s Rating and oekom rating Page 15 Long term Baa2 Short-term P-2 Outlook Mortgage Covered Bond Rating oekom rating stable Aaa C (prime) Audit of the European Banking Authority Raiffeisenlandesbank Oberösterreich AG is an EBAproofed financial institute. The bank audit is made up of three pillars: Risk assessment, assets quality review (AQR) and stress tests. Source: , TFM

16 4. Key Figures

17 Interim results 2017 under IFRS RLB OOE Group Page 17 Profitability in mio. EURO 30 June June 2016 Change in % Total assets 39,217 38, Operating profit Pre-tax profit for the period Total comprehensive income for the period Consolidated capital under IFRS in mio. EURO 30 June June 2016 Change in % Common Equity Tier 1 3,295 3, Common Equity Tier 1 Ratio (in %) Total Capital 3,836 3, Total Capital Ratio (in %) Source: , TFM RLB OOE Interim Report

18 4. Key Income Figures under IFRS Raiffeisenlandesbank OOE Group 2016 Page 18 Profitability in mio. EURO 31 December 2016 Operating profit 260 Pre-tax profit 244 Comprehensive income 239 Pre-tax profit / total assets 0.64 % Pre-tax profit / capital 6.36 % Assets in mio. EURO 31 December 2016 Group total assets under IFRS 39,385 Consolidated Capital in mio. EURO 31 December 2016 CET 1 3,402 CET 1 Ratio 14.6 % Total Capital 3,964 Total Capital Ratio 17.0 % Source: , TFM

Key Earning Figures under IFRS RLB OOE Group 2012-2016 Page

the Year (EUR M) 400 300 200 100 104 135 41 318 244 350 300

2016 0 2012 2013 2014 2015 2016 Operating Profit (EUR M)

19 Key Earning Figures under IFRS RLB OOE Group Page 19 Pre-Tax Profit for the Year (EUR M) After-Tax Profit for the Year (EUR M) Operating Profit (EUR M) NPL-Ratio (in %) ,0 5, , Source: , TFM Annual Report

20 Liquidity key indicators and consolidated own funds Page Liquidity Coverage Ratio (LCR) in % Net Stable Funding Ratio (NSFR) in % CRR of Raiffeisen Banking Group Upper Austria 2011** 2012** 2013** 2014*** 2015*** 2016*** *** CET 1 in EUR M 2,253 2,308 2,543 2,828 3,165 3,402 3,295 Tier 2 in EUR M 1,494 1,354 1, Total Capital in EUR M 3,747 3,662 3,860 3,701 3,845 3,964 3,836 RWA in EUR M 27,921 28,366 26,357 25,169 22,894 23,276 23,276 CET 1 Ratio in % Total Capital Ratio in % ** Basel II *** Basel III Source: , GRM/MRC-ZLC

Loans and Advances to customers by Industry Page 21 Real estate projects 11.7 % Other 10.3 % Freelancers 2.4 % Leasing 12.7 % Industry 13.3 % Retail 6.0 % Commerce 9.1 % Property developers 4.

21 Loans and Advances to customers by Industry Page 21 Real estate projects 11.7 % Other 10.3 % Freelancers 2.4 % Leasing 12.7 % Industry 13.3 % Retail 6.0 % Commerce 9.1 % Property developers 4.0 % Public sector 4.0 % Tourism 1.4 % Transport and traffic 1.5 % Information and consulting 16.9 % Trade 6.6 % Wide diversification across all Industries = risk diversification Source: , TFM, KRW

22 Loans and Advances to Customers by country Page 22 Others 9.7 % Sonstige wie folgt: Czech Republic 4.8 % Germany 20.5 % Croatia: 1.8 % Romania: 1.5 % Slovakia: 1.3 % Poland: 1.3 % Hungary: 1.1 % Others < 1%: 2.7 % Austria 65.0 % More than 80 % of all loans and advances to customers are within Austria and Germany Source: , TFM

23 5. Funding

5 % Emissionen; 27,73% Covered 22.7 % Customer deposits 36.

24 Refinanzierungs- und Emissionsstruktur Page 24 Interbank deposits RBG OÖ* 17.1 % Senior 59.6 % Interbank deposits 22.4 % Bonds 24.5 % Emissionen; 27,73% Covered 22.7 % Customer deposits 36.0 % Subordinated 17.7 % Source: ; TFM *Raiffeisen Banking Group Upper Austria

25 Maturity structure of own issuances Raiffeisenlandesbank OÖ Page 25 in EUR M Senior Tier2 Covered Source: ; TFM

26 BM-initial offering Covered Bond Page 26 Raiffeisenlandesbank Oberösterreich impressively tapped the debt capital markets for the first time with a mortgage covered bond benchmark transaction (EUR 500mn no grow). The transaction was intensively prepared by a pan-european roadshow covering several jurisdictions in Austria, Germany, the Nordics, and BeNeLux region. The 10-year deal was over 4 times oversubscribed by more than 140 high quality investors and represents the biggest orderbook of a covered bond benchmark post summer at this time. This marketing effort overall helped to put the issuer on the radar for the international investor base. Orderbook Statistics Orders EUR 2,034mn Number of Orders 143 Largest Order EUR 250mn Smallest Order EUR 0.2mn Allocations EUR 500mn Number of Allocations 133 Largest Allocation EUR 50mn Smallest Allocation EUR 0.2mn Oversubscription Ratio Source: ; TFM Kopenhagen Düsseldorf Luxemburg Frankfurt Stuttgart Vienna Munich Linz Helsinki

27 6. Cover Pool

28 Key characteristics Mortgage Covered Pool Page 28 Mortgage Covered Bond Rating (Moody s): Aaa Loans are exclusively denominated in EUR, meaning no currency risk 100 % Austrian debts No non performing loans No derivatives Around 15,700 loans High granularity in the cover pool Broad-based new mortgage loans through 85 Raiffeisenbanks in Upper Austria RLB OOE is a member of the Pfandbriefforum in Austria Source: , TFM

29 Mortgage cover pool Raiffeisenlandesbank OÖ Page 29 in EUR M Cover pool volume 2,143 - thereof RLB OOE thereof Upper Austrian Raiffeisenbanks 1,256 Outstanding bond volume* 916 Coverage - Coverage in line with Moody s - Nominally Coverage in % Coverage 134 Weighted average LTV according to Austrian definition** Share of 10 largest loans of cover pool 5 1, * Not including accumulated interest, zero coupon bonds at the current value with accumulated interest ** LTV Austrian definition: Amount in coverage per loan/total sum of current property values minus preferential mortgages Note: All information and assessments relate to the reporting date as of 31 July The structure of both cover pools changes constantly with due regard to the legal Austrian framework conditions (section 1 subsection 5 of the Covered Bond Act). Source: , TFM

30 Public cover pool Raiffeisenlandesbank OÖ Page 30 in EUR M Cover pool volume 1,131 - thereof RLB OOE thereof Upper Austrian Raiffeisenbanks 636 Outstanding bond volume* 884 Coverage - Coverage in line with Commissioner of the Government - Accrued interest and administration charge - Free available surplus in % Coverage 28 Share of 10 largest loans of cover pool * Not including accumulated interest, zero coupon bonds at the current value with accumulated interest Source: ; TFM

31 7. Conclusion

32 Conclusion Page 32 Bank Cover Pool Austria s fourth largest bank Total Austria s assets: fourth EUR largest 39,385 bank M * Embedded CET 1 Ratio: in Austria's 13.6 % strongest business Total Capital region Ratio: 16.2 % Pre-tax-profit: ~ 4 million customers EUR 244 million * CET ~ 58,500 1 Ratio: employees 14.6 % * Total Issuer Capital Rating: Ratio: Baa2, 17.0 stable % * Issuer Mortgage Rating: Covered Baa2, Bond stable Rating: Aaa Loans Loansare are exclusively exclusively in EUR EUR No No currency currency risk risk in in the cover pool pool No No non non performing loans No No derivatives in in the cover pool pool Around Around 15,700 9,500 loans loans High High granularity Member RLB OOE of is the a member Pfandbriefforum of the Mortgage Pfandbriefforum Covered in Bond Austria Rating: Aaa * Data 12/2016 Source: , TFM

33 8. Contact Details

Contact details Page 34 Anschrift Europaplatz 1a 4020

Christian Ratz Tel: +43 732 6596 25200 Email:

at Financial Markets Andreas Zak Tel: +43 732 6596

at Financial Markets Reinhard Ilk Tel: +43 732 6596

34 Contact details Page 34 Anschrift Europaplatz 1a 4020 Linz Austria Tel: Fax: Head of Treasury Financial Markets Mag. Christian Ratz Tel: Financial Markets Andreas Zak Tel: Financial Markets Reinhard Ilk Tel: Head of Financial Markets Josef Buhl Tel: Financial Markets Mario Ennsbrunner Tel:

35 Risk information and exclusion of liability Page 35 This document has been compiled by Raiffeisenlandesbank Oberösterreich for information only. The information, analyses and forecasts contained herein are based on the knowledge and market assessment at the time of its preparation subject to amendments and additions. Raiffeisenlandesbank Oberösterreich assumes no liability for the accuracy, timeliness or completeness of the contents, nor for the accuracy of forecasts. The contents are non-binding and do not represent a recommendation to buy or sell. Because every investment decision requires an individual determination based on the investor s personal characteristics (such as risk tolerance), this information is no substitute for the personalised advice and risk disclosure provided by a customer advisor in the course of a consulting meeting. We expressly note that financial instruments and investments have major inherent risks. Performance is determined in accordance with the OeKB method, based on data from the custodian bank. We explicitly note that the composition of fund assets can change in accordance with legal regulations. Information about performance is related to the past and therefore does not represent a reliable indicator of future performance. Currency fluctuations in non-euro currencies can affect performance positively and negatively. Investments may result in tax obligations that depend on the customer s personal circumstances and can be subject to changes in future. This information can therefore not replace the personalised support provided to an investor by a tax advisor. In the case of non-resident taxpayers, the exemption from tax in Austria does not include exemption from tax in the investor s state of residence. Prospectuses and any endorsements of the issue of shares in Raiffeisenlandesbank Oberösterreich AG, which must be published in accordance with the KMG, are the responsibility of Raiffeisenlandesbank Oberösterreich AG. In the event of other share issues, the prospectus and any endorsements lie with the respective issuer of shares. Investment strategies for investment funds can focus primarily on investment funds, bank deposits and derivatives, or the emulation of an index. Funds may exhibit significant fluctuations in value (volatility). In the funds regulations approved by the Financial Supervisory Authority (FMA), issuers can be identified if they can be weighted as holding more than 35% of fund assets. The current sales prospectus, as well as the Key Investor Information Customer Information Document (KID) if applicable are available in German and English at the respective KAG, the payment authority, or the tax representative in Austria. More information on risk and liability exclusion is available at disclosure in accordance with section 48 of the Stock Exchange Act [Börsegesetz] at

HYPO UPPER AUSTRIA HYPO OBERÖSTER- REICH

HYPO UPPER AUSTRIA HYPO OBERÖSTER- REICH TABLE OF CONTENT 1. HYPO Oberösterreich 2. Core Markets 3. Business Development 4. Liquidity and Funding 5. Cover Pool 6. Summary 7. Contact 8. Appendix as of 30.06.2017