Erste Bank JPMorgan Merrill Lynch International

CERTAIN U.S. MATTERS
The Subscription Rights and the Offer Shares have not been and will not be registered under the
Securities Act and may not be exercised, offered or sold except pursuant to an exemption from, or in
a transaction not subject to, the registration requirements of the Securities Act and applicable state
securities laws.
Accordingly, the Subscription Rights and the Offer Shares are being offered and sold in the United
States only to QIBs in transactions exempt from the registration requirements of the Securities Act and
outside the United States in offshore transactions in reliance on Regulation S under the Securities Act.
Prospective purchasers are hereby notified that sellers of the Offer Shares may be relying on the
exemption from the registration requirements of Section 5 of the Securities Act provided by Rule 144A.
For a description of certain restrictions on offers, sales and transfer of the subscription rights and the
Offer Shares, see “Plan of Distribution – Selling Restrictions” and“Plan of Distribution – Restrictions on
Resale”.
The securities offered hereby have not been recommended by any United States federal or state
securities commission or regulatory authority. Furthermore, the foregoing authorities have not passed
upon the merits of the Offering or confirmed the accuracy or determined the adequacy of this
prospectus. Any representation to the contrary is a criminal offence in the United States.
NOTICE TO NEW HAMPSHIRE RESIDENTS ONLY
NEITHER THE FACT THAT A REGISTRATION STATEMENT OR AN APPLICATION FOR A
LICENSE HAS BEEN FILED UNDER CHAPTER 421-B OF THE NEW HAMPSHIRE REVISED
STATUTES WITH THE STATE OF NEW HAMPSHIRE NOR THE FACT THAT A SECURITY IS
EFFECTIVELY REGISTERED OR A PERSON IS LICENSED IN THE STATE OF NEW HAMPSHIRE
CONSTITUTES A FINDING BY THE SECRETARY OF STATE OF NEW HAMPSHIRE THAT ANY
DOCUMENT FILED UNDER RSA 421-B IS TRUE, COMPLETE AND NOT MISLEADING. NEITHER
ANY SUCH FACT NOR THE FACT THAT AN EXEMPTION OR EXCEPTION IS AVAILABLE FOR A
SECURITY OR A TRANSACTION MEANS THAT THE SECRETARY OF STATE HAS PASSED IN
ANY WAY UPON THE MERITS OR QUALIFICATIONS OF, OR RECOMMENDED OR GIVEN
APPROVAL TO, ANY PERSONS, SECURITY OR TRANSACTION. IT IS UNLAWFUL TO MAKE OR
CAUSE TO BE MADE TO ANY PROSPECTIVE PURCHASER, CUSTOMER OR CLIENT, ANY
REPRESENTATION INCONSISTENT WITH THE PROVISIONS OF THIS PARAGRAPH.
AVAILABLE INFORMATION
If, at any time, Wiener Städtische AG is neither subject to Section 13 or 15(d) of the United
States Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor exempt from reporting
pursuant to Rule 12g3-2(b) under the Exchange Act, it will furnish, upon request, to any owner of
Offer Shares, or any prospective purchaser designated by any such owner, the information required to
be delivered pursuant to Rule 144(d)(4) under the Securities Act. In such cases, Wiener Städtische
AG will also furnish to each such owner all notices of shareholders’ meetings and other reports and
communications that are made generally available to shareholders by it.
ENFORCEMENT OF CIVIL LIABILITIES
Wiener Städtische AG is organized under the laws of the Republic of Austria. The members of
Wiener Städtische AG’s management and supervisory board and certain experts named in this
Prospectus are not residents of the United States and all or a substantial portion of the assets of such
persons and of Wiener Städtische AG are located outside of the United States. In addition, WST-
Versicherungsverein, the principal shareholder of Wiener Städtische AG, is organized under the laws
of the Republic of Austria, with substantially all of its assets located outside of the United States. As a
result, it may not be possible for investors to effect service of process within the United States upon
Wiener Städtische AG, WST-Versicherungsverein or such other persons or to enforce against them in
U.S. courts judgments obtained in such courts based on the civil liability provisions of the U.S. securities
laws. In general, the enforceability in Austrian courts of final judgments of U.S. courts would
require retrial of the case in the Republic of Austria.