RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG

Other Notes
Redemption
Taxation
Early Redemption for
Taxation Reasons
Status of the Notes
12
securities on such terms as indicated in the applicable Final Terms.
Equity Linked Redemption Notes
Payments of principal in respect of equity linked redemption Notes will be
calculated by reference to a single equity security or a basket of equity
securities. Each principal amount of Notes equal to the specified
denomination specified in the applicable Final Terms will be redeemed by
payment of the redemption amount specified in, or as determined
pursuant to the provisions of the applicable Final Terms.
Notes may be of any other type of security which the Issuer and the
relevant Dealer may agree. The terms governing any such Notes will be
specified in the applicable Final Terms.
The applicable Final Terms will indicate either that the Notes cannot be
redeemed prior to their stated maturity (except for taxation reasons, or, in
the case of senior Notes only, upon the occurrence of an event of default)
or that such Notes will be redeemable at the option of the Issuer and/or
the holders of the Notes upon giving notice within the notice period (if
any) indicated in the applicable Final Terms to the holders of the Notes or
the Issuer, as the case may be, on a date or dates specified prior to such
stated maturity and at a price or prices and on such terms as indicated in
the applicable Final Terms.
Subordinated Notes will not be subject to early redemption at the option of
a holder of Notes in the first five years of their term and short-term
subordinated Notes will not be subject to early redemption at the option of
a holder of Notes in the first two years of their term.
The applicable Final Terms will indicate if all payments of principal and
interest in respect of the Notes will be made:
(i) without withholding or deduction for or on account of any present or
future taxes or duties of whatever nature imposed or levied by way of
withholding or deduction at source by or on behalf of Austria or any
political subdivision or any authority thereof or therein having power to
tax, unless such withholding or deduction is required by law, in which
case, the Issuer will generally pay such additional amounts as shall be
necessary in order that the net amounts received by the holders of the
Notes after such withholding or deduction shall equal the respective
amounts of principal and interest which would otherwise have been
receivable in respect of the Notes in the absence of such withholding
or deduction, subject to the exceptions set out in § 7 of the Terms and
Conditions of the Notes; or in any other case
(ii) with withholding on deduction of taxes, duties or governmental
charges, if such withholding or deduction is required by law and in
each case without any tax gross-up.
Please note that generally no additional amounts as described under (i)
above will be paid by the Issuer in respect of Austrian withholding tax on
capital investment income (Kapitalertragssteuer).
Early redemption for taxation reasons will be permitted if, as a result of
any change in, or amendment to the tax laws or regulations (including any
change in, or amendment to, an official interpretation or application of
such laws or regulations) of Austria, the Issuer is required to pay
additional amounts on the Notes, all as more fully set out in the Terms
and Conditions of the Notes.
Senior Notes will constitute unsecured and unsubordinated obligations of
the Issuer ranking pari passu among themselves and pari passu with all
other unsecured and unsubordinated obligations of the Issuer.