I This document constitutes the base prospectus of ... - Volksbank AG

DOCUMENTS INCORPORATED BY REFERENCE
The Prospectus should be read and construed in conjunction with the following documents which have been
previously published or are published simultaneously with the Prospectus and, as regards the EUR 10 bn
Debt Issuance Programme of VBAG (as defined below), which has been approved by the Austrian Financial
Market Authority and shall be deemed to be incorporated in, and form part of this Prospectus (which,
together with the documents incorporated by reference, will be published on the Luxembourg Stock Exchange
website www.bourse.lu):
(i) extracts from the audited consolidated balance sheet (the Consolidated Balance Sheet)
of VBAG (for 2007 and 2008 according to the International Accounting Standards
Boards International Financial Reporting Standards (IFRS)) and the consolidated income
statement (Consolidated Income Statement) of VBAG for the years ended 31 December
2008 and 31 December 2007, as each is contained in VBAGs correspondeing annual
reports (the Annual Reports and each, an Annual Report) for the years 2007 and
2008 respectively. Any statement contained in any document incorporated by reference
herein shall be deemed to be modified or superseded for the purpose of the Prospectus to
the extent that such statement is inconsistent with a statement contained in the Prospectus;
(ii) the base prospectus dated 8 June 2009 relating to the EUR 10 billion Debt Issuance Programme
of VBAG, the first supplement thereto dated 27 July 2009, the second supplement
thereto dated 10 September 2009, the third supplement thereto dated 6 November
2009 and the fourth supplement thereto dated 11 December 2009, all approved by the
Austrian Financial Market Authority (the FMA) in its capacity as competent authority
under the Austrian Capital Markets Act (the above base prospectus and the supplements to
it are jointly referred to as the Debt Issuance Programme of VBAG by the Issuer);
(iii) the annual accounts of the Issuer dated 31 December 2007 as provided by its auditor (the
Auditor); and
(iv) the terms and conditions set out on pages 81 to 239 of the Issuers base prospectus dated
10 December 2008 (as supplemented) which has been approved by the CSSF and on pages
75 to 236 of the Issuers base prospectus dated 2 November 2007 (as supplemented)
which has been approved by the FMA.
Cross Reference List
The following cross-reference list sets out where the information incorporated by reference referred to
above (other than the terms and conditions set out on pages 81 to 239 of the Issuers base prospectus dated
10 December 2008) may be found. Any information not listed in the cross reference list but included in the
documents incorporated by reference is given for information purposes only.
Item Reference
Consolidated Balance Sheet at 31 December 2007 Annual Report 2007 of VBAG, page 60
Consolidated Income Statement for the year ended
31 December 2007
Annual Report 2007 of VBAG, page 59
Consolidated Balance Sheet at 31 December 2008 Annual Report 2008 of VBAG, page 61
Consolidated Income Statement for the year ended
31 December 2008
Report of the reviseur d'entreprises of the annual
accounts of the Issuer dated 31 December 2007
Combined balance sheet of the annual accounts of
the Issuer dated 31 December 2007
Annual Report 2008 of VBAG, page 60
Annual accounts, pages 1 through 2
Annual accounts, page 3
Combined profit and loss accounts of the annual Annual accounts, page 4
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