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

accounts of the Issuer dated 31 December 2007
Balance sheet by compartment of the annual accounts
of the Issuer dated 31 December 2007
Profit and loss by compartment of the annual accounts
of the Issuer dated 31 December 2007
Notes to the accounts of the annual accounts of the
Issuer dated 31 December 2007
Debt Issuance Programme of VBAG dated 8 June
2009
Debt Issuance Programme of VBAG dated 8 June
2009
Annual accounts, page 5
Annual accounts, page 6
Annual accounts, pages 7 through 12
Description of VBAG on pages 41 through 72
The Austrian Banking System on pages 73 through
79
Copies of the Prospectus and the documents incorporated by reference in the Prospectus can be obtained
free of charge from the specified offices of the Issuer.
SUPPLEMENT TO THE PROSPECTUS
The Issuer has given an undertaking to the Subscriber, and is obliged by the provisions of the Prospective
Directive that if at any time during the duration of the Debt Issuance Programme there is a significant new
factor, mistake or material inaccuracy relating to information contained in the Prospectus which is capable
of affecting the assessment of any Securities the inclusion of which would reasonably be required by investors
and their professional advisers, and would reasonably be expected by them to be found in the Prospectus,
for the purpose of making an informed assessment of the assets and liabilities, financial position, profits
and losses and prospects of the Issuer, and the rights attaching to the Securities, the Issuer shall prepare
a supplement to the Prospectus in accordance with Article 16 of the Prospectus Directive or publish replacement
prospectus for use in connection with any subsequent offering of the Securities and shall supply
to the Subscriber such number of copies of such supplement hereto as such Subscriber may reasonably
request, and shall supply to the CSSF such number of copies of such supplement or replacement hereto as
Luxembourg Laws of the 10 th August 1915 and the 22 nd March 2004 and any other relevant laws and regulations,
require.
SOURCES OF INFORMATION
Statistical and other data provided in this Prospectus, as well as any information provided in respect of
VBAG, has been extracted from the annual reports of VBAG and/or the VBAG Group and the audit reports
thereon, a book titled Schwabe, Ley & Greiner GmbH - Die Bankverbindungen des Mittelstands in
Österreich 2005 and information published by the Österreichische Nationalbank (the Austrian national
bank OeNB). The Issuer confirms with respect to itself that such information has been accurately reproduced
and that, so far as it is aware, and is able to ascertain from information published by such sources, no
facts have been omitted which would render the reproduced information inaccurate or misleading.
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