HYPO TIROL BANK AG

Responsibility StatementHYPO TIROL BANK AG (or the "Issuer") with its registered office in Innsbruck, Austria, is solelyresponsible for the information given in this Prospectus. The Issuer hereby declares that, having taken allreasonable care to ensure that such is the case, the information contained in this Prospectus is, to the bestof its knowledge, in accordance with the facts and contains no omission likely to affect its import.NoticeThis Prospectus should be read and understood in conjunction with any supplement to the Prospectus andwith any document incorporated herein by reference. Full information on the Issuer and any tranche ofNotes is only available on the basis of the combination of the Prospectus and the relevant final terms (the"Final Terms").The Issuer accepts responsibility for the information contained in this Prospectus and has confirmed to theDealers (as defined herein) that this Prospectus contains all information with regard to the Issuer and theNotes which is necessary to enable investors to make an informed assessment of the assets and liabilities,financial position, profit and losses and prospects of the Issuer and the rights attaching to such Notes andall information which is material in the context of the Programme and the issue and offering of Notes thereunder;that the information contained herein is accurate and complete in all material respects and is notmisleading; that any opinions and intentions expressed herein are honestly held; that there are no otherfacts, the omission of which would make this Prospectus as a whole or any of such information or theexpression of any such opinions or intentions misleading in any material respect; and that the Issuer hasmade all reasonable enquiries to ascertain all facts material for the purposes aforesaid.The Issuer has undertaken with the Dealers to publish a supplement to this Prospectus or to publish a newProspectus if and when the information herein should become materially inaccurate or incomplete or in theevent of a significant new factor, material mistake or inaccuracy relating to the information included in thisProspectus which is capable of affecting the assessment of the Notes and, where approval by the CSSF ofany such document is required, upon such approval having been given.No person has been authorised to give any information which is not contained in or not consistent with thisProspectus or any other document entered into in relation to the Programme or any other informationsupplied by the Issuer or such other information as is in the public domain and, if given or made, suchinformation must not be relied upon as having been authorised by or on behalf of the Issuer or any of theDealers.To the extent permitted by the laws of any relevant jurisdiction neither the Arranger nor any Dealer nor anyother person mentioned in this Prospectus, excluding the Issuer, is responsible for the informationcontained in this Prospectus or any supplement to the Prospectus, or any Final Terms or any otherdocument incorporated herein by reference.This Prospectus is valid for twelve months following its publication and it and any supplement to theProspectus as well as any Final Terms reflect the status as of their respective dates of issue. The deliveryof this Prospectus or any Final Terms and the offering, sale or delivery of any Notes may not be taken as animplication that the information contained in such documents is accurate and complete subsequent to theirrespective dates of issue or that there has been no adverse change in the financial condition of the Issuersince such date or that any other information supplied in connection with the Programme is accurate at anytime subsequent to the date on which it is supplied or, if different, the date indicated in the documentcontaining the same.The distribution of this Prospectus and any Final Terms and the offering, sale and delivery of Notes incertain jurisdictions may be restricted by law. Persons into whose possession this Prospectus or any FinalTerms come are required by the Issuer and the Dealers to inform themselves about and observe any suchrestrictions. For a description of the restrictions on offers, sales and deliveries of Notes and on thedistribution of the Prospectus or any Final Terms and other offering material relating to the Notes in theUnited States of America, the European Economic Area in general, the United Kingdom and Japan see"Selling Restrictions" below. In particular, the Notes have not been and will not be registered under theUnited States Securities Act of 1933, as amended, and will include Notes in bearer form that are subject totax law requirements of the United States of America; subject to certain exceptions, Notes may not beoffered, sold or delivered within the United States of America or to U. S. persons.2