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Johann Strobl appointed to RZB Managing Board

Johann Strobl, 47 years of age, will join the managing board ofRaiffeisen Zentralbank Osterreich AG (RZB) on 1 October 2007. He willexpand the current five-member board and will assume the newly createdrole of executive risk management officer."In winning Johann Strobl, wehave gained a manager whose experience and professional profile matchRZB and our managing board optimally," says RZB CEO Walter Rothensteinerenthusiastically about his new fellow board member.

RZB has risen to join the ranks of the world''s 100 largest banks thisyear both in terms of balance sheet total and equity capital."It wasthe right time to add an additional member to our managing board whowill focus the majority of his attention on risk," said Rothensteiner."Johann Strobl is one of the most renowned risk managers in Europe. Hewas also the ideal candidate because we wanted a manager who not onlyknows the Austrian market, but also the markets of Central and EasternEurope."

In his 25 years in the banking sector, Johann Strobl has gainedextensive experience in managing bank risk. After leaving the ViennaUniversity of Economics and Business Administration with a degree inbusiness administration, he began his professional career at institutefor the credit service sector of the Vienna University. He then switchedto the treasury department of former Creditanstalt in 1989. He was soongiven management responsibility: among other positions, he was head ofMarket Risk Management, director of Group Risk Management, head of GroupTreasury and Financial Markets and then division head as Chief MarketRisk Officer and Head of Risk Control. At the beginning of 2004, JohannStrobl joined the management board of Bank Austria Creditanstalt AG asChief Risk Officer, and was appointed Chief Financial Officer in 2006.

Raiffeisen Zentralbank Osterreich AG (RZB) is the central institution ofthe Austrian Raiffeisen Banking Group, the country''s largest bankinggroup. It is a leading corporate and investment bank in Austria and alsoconsiders Central and Eastern Europe (CEE) as its home market. RZB isthe only Austrian bank with a global network of business units reachingall important finance centres around the globe. It is also present inAsia via its branches and representative offices.

Via listed subsidiary Raiffeisen International Bank-Holding AG, RZBoperates one of the largest banking networks in CEE. 18 markets arecovered by subsidiary banks, finance leasing companies, tworepresentative offices and a number of financial services providers.Approximately 12.7 million customers are attended to through more than2,950 business outlets.

For further information please contact Andreas Ecker-Nakamura (+43-1-71707-1753, Gregor Bitschnau (+43-1-71 707-1955,,


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