HYPO TIROL BANK AG

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In this business year, the interest profits increased by 7.4%, i.e. by EUR 8.6 million to EUR 124.3 million(previous year: EUR 115.7 million). After deducting the provision requirements for defaulted loans incustomer business in the amount of EUR 71.6 million (previous year: EUR 72.5 million), the interest profitsafter provision requirements came to EUR 52.7 million (previous year: EUR 43.2 million).By exhausting all cost cutting measures which were possible, administrative expenses were reduced byEUR 5.4 million, i.e. by 6.0%, down to EUR 84.9 million (previous year: EUR 90.3 million). In particular,cutbacks in material costs for legal and advisory costs made this development possible.In spite of pleasing developments in interest profits and in administrative expenses, the major exacerbatingitems were decreased commission and trading profits, together with decreased other profits in the overallbalance of the concern.The net commissions profits decreased in the lapsed business year by 4.3%, i.e. by EUR 1.2 million, toEUR 27.2 million (previous year: EUR 28.4 million). Decreasing commissions profits from Hypo TirolGroup's running accounts business and monetary transactions, together with heightened commissionexpenses from the securities business, were the major factors responsible for this decrease.Trading profits showed a decrease of EUR 6.9 million to EUR 1.9 million (previous year: EUR 8.8 million).The balance from other operating profits and other operating expenditures amounting to EUR 3.4 million(previous year: EUR 7.5 million) showed a decrease of EUR 4.1 million compared to the previous businessyear. All in all, therefore, business year 2010 shows profits before taxes amounting to EUR 2.1 million(previous year: EUR 2.1 million). After taxes of EUR 82 thousand are deducted, a concern profit of 2.0million remains (previous year: EUR 4.2 million.Important EventsHYPO TIROL BANK AG and Landeshypothekenbank Tirol Anteilsverwaltung have developed a model tostrengthen the capitalisation of HYPO TIROL BANK AG by way of non-voting share capital(Partizipationskapital) provided by third parties. Such model has been approved by the EuropeanCommission. In case HYPO TIROL BANK AG actually issues non-voting share capital, the state of Tyrol asowner of HYPO TIROL BANK AG will assume liability for the repayment of such non-voting share capital fora period of ten years. The Managing Board was authorised at the general meeting of 8 July 2009 to issueshare certificates. In 2010, the Managing Board exercised this authority and issued share certificates in theamount of EUR 60 million.BUSINESS OVERVIEWHypo Tirol Bank is a historically qualified partner of Tyrol. Since foundation in 1901, this grown solidarityreflects the corporate and local alignment. According to this, service and product offering comes up to theexpectations of private and corporate clients. The focus of the universal banking services is clearly basedon the core-market Tyrol. Beyond that HYPO TIROL BANK AG operates in South Tyrol, Trentino andVerona as well as in the greater area of Vienna with sophisticated focus on clients and products.It maintains 20 business centers in Tyrol, 3 business offices and 3 i.e. customer care centers in South Tyrol,Trentino and in Veneto and a business center in Vienna. Furthermore widespread advisory service isoffered to corporate clients in 4 stations in Tyrol and Vienna, as well as in 3 centers in Northern Italy.The main business of HYPO TIROL BANK AG is, apart from basis services for private and corporateclients, housing financing, assessments and provide financing to small and medium size enterprises.ORGANISATIONAL STRUCTUREHYPO TIROL BANK AG is a joint-stock company.TREND INFORMATIONThere has been no material adverse change in the prospects of HYPO TIROL BANK AG since the lastpublished audited financial statement dated 31 December 2010.SUPERVISORY, MANAGEMENT AND STATE SUPERVISORY BODIESHYPO TIROL BANK AG has two boards: a Supervisory Board and a Managing BoardCurrent Members of the Supervisory Board are:14
Principal activities performed outside Hypo Tyrol BankAktiengesellschaftMag. Wilfried Stauder, ChairmanDr. Jürgen Bodenseer, First Deputyto the ChairmanChairman of theSupervisoryBoardPartnerHYPO TIROL BANK AG, 6020 Innsbruck,Chairman since 07.05.2010MSA MOORE STEPHENS AUSTRIAAdministrationWirtschaftsprüfungsgesellschaft mbH, 1015Wien, since 01.03.2007POE CONSULTING GMBH, 6020 Innsbruck,since 05.02.2009Stauder Schuchter KempfWirtschaftsprüfungs- undSteuerberatungsgesellschaft mbH, 6020Innsbruck, since 07.12.2005WESTREVISION Wirtschaftsprüfungs- undSteuerberatungsgesellschaft m.b.H., 6020Innsbruck (WP), since 17.10.2001Limited Partner POE CONSULTING GMBH & Co KG, 6020Innsbruck, since 08.04.2009Member of theManaging BoardGeneral ManagerMember of theSupervisoryBoard, FirstDeputy to theChairmanPartnerUnlimited PartnerStauder Schuchter KempfWirtschaftsprüfungs- undSteuerberatungsgesellschaft mbH & Co KG,6020 Innsbruck, since 30.12.2005Dr. Bosin Privatstiftung, 6300 Wörgl,Chairman, represents since 03.12.1999together with another Member of theManaging BoardStauder Schuchter KempfWirtschaftsprüfungs- undSteuerberatungsgesellschaft mbH, 6020Innsbruck, represents since 07.12.2005autonomousWESTREVISION Wirtschaftsprüfungs- undSteuerberatungsgesellschaft m.b.H., 6020Innsbruck (WP), represents since 11.07.2001autonomousHYPO TIROL BANK AG, 6020 Innsbruck,Deputy of the Chairman, First Deputy since07.05.2010"MS 4" Liegenschaftsmanagement GmbH,6850 Dornbirn, since 01.06.1999AV-Media Productions Gesellschaft m.b.H.,6063 Rum, since 05.10.2001Alois Wild Liegenschafts-GmbH, 6063 Rum,since 14.09.2004Champion Austria Gesellschaft m.b.H., 6064Rum bei Innsbruck, since 02.10.1993Bodenseer Polomoden KG., 6020 Innsbruck,represents since 01.01.1985 autonomous15
Page 1 and 2: This document constitutes two base
Page 4 and 5: Table of ContentsPageSummary ......
Page 6 and 7: SummaryThe following constitutes th
Page 8 and 9: NotesInstalment NotesIndex Linked N
Page 10 and 11: from payments of principal or inter
Page 12 and 13: STATUTORY AUDITORSSummary regarding
Page 16 and 17: Dr. Toni Ebner, Second Deputy to th
Page 18 and 19: Members delegated by the StaffCommi
Page 20 and 21: MATERIAL CONTRACTSThere are no mate
Page 22 and 23: Note may be negative. The more vola
Page 24 and 25: German Translation of the SummaryDe
Page 26 and 27: entspricht, die durch einen Vertrag
Page 28 and 29: mehrerer solcher Instrumente bezieh
Page 30 and 31: Verbindlichkeiten der Emittentin, d
Page 32 and 33: Zusammenfassung in Bezug auf die HY
Page 34 and 35: im Vorjahr merklich durch die Risik
Page 36 and 37: Dr. Toni Ebner, 2.Vorsitzender Stel
Page 38 and 39: 23.11.2007 gemeinsam mit einem weit
Page 40 and 41: Zusammenfassung der Risikofaktoren
Page 42 and 43: FinanzmarktkriseSeit Mitte des Jahr
Page 44 and 45: 44General Description of the Progra
Page 46 and 47: Risk FactorsRisk Factors regarding
Page 48 and 49: isk applies to Step-Up Notes and St
Page 50 and 51: cash as determined in accordance wi
Page 52 and 53: HYPO TIROL BANK AGSTATUTORY AUDITOR
Page 54 and 55: In this business year, the interest
Page 56 and 57: Dr. Toni Ebner, Second Deputy to th
Page 58 and 59: Members delegated by the StaffCommi
Page 60 and 61: FINANCIAL INFORMATION RELATING TO T
Page 62 and 63: Consolidated statement of cash flow
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Liabilitiesin EUR 1,000 30.06.2011
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ISSUE PROCEDURESfor Notes in Bearer
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Terms and Conditions of the NotesEn
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[In the case the Global Note is a N
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(iv)(v)The set-off of the repayment
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"Interest Determination Date" means
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[In the case of Instalment Notes, s
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Instalment Date(s)Instalment Amount
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(a) For purposes of subparagraph (2
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§ 9EVENTS OF DEFAULT(1) Events of
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(3) Change of References. In the ev
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asis of (i) a statement issued by t
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und verwandten Schuldverschreibunge
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applied to the last preceding Inter
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§ 4PAYMENTS(1) [(a)] Payment of Pr
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[If the Fiscal Agent is to be appoi
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These Terms and Conditions are writ
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on which the Notes may be redeemed
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B. PFANDBRIEFE IN REGISTERED FORMTh
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appointment or change shall only ta
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104Teil I - GRUNDBEDINGUNGENA. ANLE
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Schuldverschreibungen zur gleichen
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(ii)(iii)(iv)Zinsen dürfen auf die
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Prozent, wobei 0,000005] aufgerunde
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[Falls Actual/Actual (ISDA) anwendb
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(2) Vorzeitige Rückzahlung aus ste
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[(5)] Vorzeitiger Rückzahlungsbetr
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118Republik Österreich oder die Eu
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§ [10]ERSETZUNG(1) Ersetzung. Die
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Emittentin eine Veröffentlichung n
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B. ANLEIHEBEDINGUNGENFÜR AUF DEN I
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Monate][andere festgelegte Zeiträu
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diesem Zeitpunkt notiert sind und d
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[im Fall von Raten-Schuldverschreib
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(3) Beauftragte der Emittentin. Die
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134TEIL II - ZUSÄTZE ZU DEN GRUNDB
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[falls der Gläubiger ein Wahlrecht
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B. NAMENSPFANDBRIEFEDie unten aufge
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§ 6DIE EMISSIONSSTELLE [,] [UND] D
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DESCRIPTION OF RULES REGARDING RESO
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In case of Notes listed on the offi
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Part I.: Terms and ConditionsTeil I
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Aggregate Principal Amount [ ]Gesam
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INTEREST (§ 3)ZINSEN (§ 3) Fixed
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Maximum Rate of Interest [ ] per ce
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Minimum Notice to Holders 18 [ ]Min
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Austria (Amtsblatt zur Wiener Zeitu
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Securities Identification NumbersWe
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are most evident 39Umfassende Erlä
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subscription rights and the treatme
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Name und Anschrift der Institute, d
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TaxationThe following is a general
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Other TaxesNo stamp, issue, registr
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If interest payments are made by a
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Under the Luxembourg laws of 21 Jun
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an application of any third party,
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Rules") (or, after 18 March 2012, a
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General InformationCovered Bonds"Co
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Documents incorporated by Reference
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ADDRESSESIssuerHYPO TIROL BANK AGMe
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HYPO TIROL BANK AG

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