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

Cross Default: There is no cross default provision.
Events of Default: The Conditions do not provide for express events of default.
Governing Law: Austrian law excluding its rules of international private law including however
the Luxembourg law of 10th August 1915 in respect of Commercial
Companies (the application of Articles 86-97 of this law are expressly excluded)
and the Law of 22 March 2004 on Securitisation (as amended).
Place of Jurisdiction: Non-exclusive place of jurisdiction for any legal proceedings arising under
the Securities is Vienna, Austria.
Binding Language: Either (as specified in the relevant Final Terms):
English, and, if specified in the relevant Final Terms, with the German language
version constituting a convenience translation only; or
German, and, if specified in the relevant Final Terms, with the English language
version constituting a convenience translation only.
Ratings: Subject to the Final Terms, the Securities may (but will not necessarily) be
rated. Where Securities are rated, such rating will be specified in the relevant
Final Terms.
A rating is not a recommendation to buy, sell or hold securities and may be
subject to suspension, reduction or withdrawal at any time by the assigning
rating agency.
Selling Restrictions: European Economic Area, United States, United Kingdom, Japan and such
other restrictions as may be required in connection with the offering and
sale of a particular issue of Securities. See 9.2 Selling restrictions.
The Securities to be offered and sold will be subject to the restrictions of
Regulation S under the Securities Act.
The Securities with an original maturity of more than 365 days are subject
to United States tax law requirements and may not be offered, sold or delivered
to any United States person or within the United States or its possessions.
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