HYPO TIROL BANK AG

The cash flow statement is audited and forms part of the Financial Statements of HYPO TIROL BANK AG,as incorporated into this Prospectus.The auditors have confirmed to the Dealers that the above figures have been derived from and prepared onthe basis of the Issuer's internal accounts which have been prepared in accordance with IFRS.The Notes to the financial statements of HYPO TIROL BANK AG as of 31 December 2009 and the auditopinion in respect of the Financial Statements as at 31 December 2009 contained in the Annual Report2009 of HYPO TIROL BANK AG are incorporated by reference into this Prospectus.The Notes to the financial statements of HYPO TIROL BANK AG as of 31 December 2010, the auditopinion in respect of the Financial Statements as at 31 December 2010 contained in the Annual Report2010 of HYPO TIROL BANK AG are incorporated by reference into this Prospectus.Interim Financial InformationThe consolidated semi annual report 2011 (January – June 2011) of the Issuer (unaudited) is incorporatedby reference into, and forms part of this Prospectus.HYPO TIROL BANK AGConsolidated Balance Sheet as at 30 June 2011Assetsin EUR 1,000 30.06.2011 2010 2009 Change 2011/2010in TEUR in %Cash Balance 119.494 94.736 123.969 24.758 26,1Loans and advances to banks 474.272 294.579 313.614 179.693 61,0Risk provision -1.253 -1.253 -1.253 0 0,0Loans and advances to banks after risk provision 473.019 293.326 312.361 179.693 61,3Loans and advances to customers 7.137.858 7.409.126 7.179.560 -271.268 -3,66Risk provision -217.601 -204.319 -155.127 -13.282 6,5Loans and advances to customers after risk provision 6.920.257 7.204.807 7.024.433 -284.550 -3,9Hedging derivatives 2.046 1.692 1.231 354 20,9Financial assets held for trading 547.258 636.464 459.411 -89.206 -14,0Financial assets designated at fair value 824.680 832.687 602.665 -8.007 -1,0Investment securities - Available for sale 1.183.184 1.231.275 1.529.632 -48.091 -3,9Investment securities - Held to maturity 729.100 923.885 1.397.613 -194.785 -21,1Investment securities - Loans and receivables 89.625 135.845 161.940 -46.220 -34,0Investment in associates using the equity method 39.018 39.018 37.129 0 0,0Investment properties 154.527 157.207 162.522 -2.680 -1,7Intangible assets 1.619 1.921 2.059 -302 -15,7Property, plant and equipment 93.873 96.042 97.621 -2.169 -2,3Other assets 41.516 52.333 46.330 -10.817 -20,7Deferred income tax assets 8.274 8.274 3.705 0 0,0TOTAL ASSETS 11.227.490 11.709.512 11.962.621 -482.022 -4,163