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RZB Group «Mandated Lead Arranger» for syndicated loan to Russia’sleading vehicle manufacturer Avtovaz.

RZB and Raiffeisenbank Austria in Moscow mandated. First USD 250 milliontranche to be arranged within the next weeks.

Avtovaz chose Raiffeisen Zentralbank Osterreich AG (RZB) and ZAORaiffeisenbank Austria in Moscow as Mandated Lead Arrangers for aSyndicated Term Loan Credit Facility. The Russian vehicle manufacturerplans to finance USD 500 million in total, USD 250 million out of thisalready within the first half of 2007. The mandate was signed yesterdaylate afternoon during the visit of the Russian president Vladimir Putinin Vienna-based Austrian Federal Economic Chamber by Vladimir V.Artyakov, President of the Avtovaz Group, and RZB Board Members HerbertStepic and Patrick Butler.

"We are delighted to use our origination and syndication skills inarranging transactions such as this in one of the world’s most competitive markets. Not only does this syndication strengthen RZB Group''s position in financing the Russian corporate sector, it also underlines RZB''s competence as the leading, most active arranger for syndicated loans in CIS and CEE", said Patrick Butler, RZB''s responsibleBoard Member for Investment Banking and Treasury.

The joint stock company Avtovaz was established in 1966 and has beenlisted on the Russian RTS Stock Exchange since 1998. It is Russia''slargest vehicle manufacturer with a market share of about 36 per cent.Avtovaz currently employs approximately 111,000 people and sells morethan 700,000 vehicle units a year which are distributed within the CISregion and exported to CEE, Western Europe, Egypt and other countries inNorth Africa as well as South America. Avtovaz is better known incontinental Europe under its well established brand name"LADA".


Raiffeisen Zentralbank ?sterreich 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 the largest banking network in CEE. 18 markets are covered bysubsidiary banks, finance leasing companies and two representativeoffices. Approximately 12.5 million customers are attended to throughmore than 2,900 business outlets.

For further information please contact Andreas Ecker-Nakamura (+43.1-71707-1753, Wilfried P. Stockl (+43.1-71707-1959,


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