Ã–sterreichische Volksbanken-Aktiengesellschaft ... - Volksbank AG

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VBAG, Investkredit, Kommunalkredit and the Austrian Volksbanken present themselves as Volksbank Group ("Volksbank Gruppe"). Dependence within the group VBAG is a joint stock corporation and dependent on its shareholders (see "Major Shareholders"). The Austrian Volksbanken are (indirectly) shareholders of VBAG and therefore have the possibility of exercising influence over VBAG to a certain extent, among other things, by appointing or dismissing members of the supervisory board or by changing the articles of association in shareholders’ meetings. Trend information Statement Since the publication of the last audited financial statement as of 31 December 2006 on 27 March 2007, no material changes have occurred which could have a negative impact on the prospects of VBAG. Material influences on the prospects of VBAG In July 2005, VBAG acquired approximately 94 per cent. of Investkredit. The remaining shares of Investkredit were acquired in December 2005 by VBAG. It expects that this acquisition will strengthen its profiles in the commercial, leasing and real estate business segments. The predominant feature in the 2006 accounts was the integration of the Investkredit. Following completion of the acquisition of Investkredit, VBAG indirectly holds 50.78 per cent. of Kommunalkredit's ordinary share capital, the biggest financing company for municipalities in Austria (Source: www.kommunalkredit.at). Profit forecasts or estimates No profit forecasts or profit estimates are being included in the Prospectus. 45
Administrative, Management, and Supervisory Bodies Members of the administrative, management and supervisory bodies Name Activities outside VBAG Management Board (Vorstand) Franz PINKL Chairman of the Management Board Supervisory Board - ARZ Allgemeines Rechenzentrum GmbH - Dexia Kommunalkredit Bank AG - Investkredit Bank AG - Kommunalkredit Austria AG - Niederösterreichische Landesbank-Hypothekenbank Aktiengesellschaft - Österreichische Lotterien Gesellschaft m.b.H. - Raiffeisen Zentralbank Österreich Aktiengesellschaft - VICTORIA-VOLKSBANKEN Versicherungsaktiengesellschaft - Volksbank-Quadrat Bank AG - Volksbanken-Beteiligungsgesellschaft m.b.H. - Österreichische Kontrollbank Aktiengesellschaft - Schulze-Delitzsch-Haftungsgenossenschaft reg. GnmbH - Volksbank Niederösterreich Süd - D.A.S. Österreichische Allgemeine Rechtsschutz- Versicherungs-AG Advisory Council - ARZ Allgemeines Rechenzentrum GmbH - DZ Bank, Frankfurt Staff Council - ARZ Allgemeines Rechenzentrum GmbH - Dexia Kommunalkredit Bank AG - Kommunalkredit Austria AG Erich HACKL Member of the Management Board Supervisory Board - Allgemeine Bausparkasse reg.Gen.m.b.H. - Bank für Ärzte und Freie Berufe Aktiengesellschaft - Europay Austria Zahlungsverkehrssysteme GmbH - Investkredit Bank AG - Niederösterreichische Landesbank-Hypothekenbank Aktiengesellschaft - Schulze-Delitzsch-Haftungsgenossenschaft registrierte Genossenschaft mit beschränkter Haftung - VB Partner-Kapital Beteiligungs AG - Venture for Business Beteiligungs AG - Verwaltungsgenossenschaft der Volksbank Wien, registrierte Genossenschaft mit beschränkter Haftung - Verwaltungsgenossenschaft der Volksbank in Wien 46
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This document constitutes the base
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spectus nor to advise any investor
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SOURCES OF INFORMATION Statistical
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9. GENERAL INFORMATION ............
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the price specified in the Final Te
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Terms and Conditions of the Notes).
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or Covered Bonds, as described in "
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Operational risk There is a risk of
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No active liquid trading market - R
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1.4 German translation of the summa
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Optionsscheine und Turbo-Zertifikat
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Nicht-nachrangige Schuldverschreibu
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Herabstufung des Rating Es besteht
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punkten und in welcher Höhe Zinsen
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Summe der Aktiva 67,429,317 Zinsüb
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Měny: Pod podmínkou dodržení v
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le dluhopisu, u Krátkodobých pod
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ude vypracována pouze nezávazná
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Společnost VBAG vystavila podpůrn
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jako jsou například dluhové či
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právnymi alebo regulačnými obmed
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notes počas prvých dvoch rokov ic
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anglický jazyk a podľa určenia v
Page 47 and 48: Rizikové faktory týkajúce sa Not
Page 49 and 50: (equity securities), vrátane ale n
Page 51 and 52: 1.7 Slovenian translation of the su
Page 53 and 54: Nakupni boni in Certifikati: Vredno
Page 55 and 56: jev: morajo biti poplačani pred dr
Page 57 and 58: Tveganja, ki se nanašajo na izdaja
Page 59 and 60: pa dogovorjeni pogoji ne nastopijo,
Page 61 and 62: Pregled poslovanja VBAG je splošna
Page 63 and 64: Pénznemek: A vonatkozó jogi és s
Page 65 and 66: telek vonatkoznak. Az Alárendelt T
Page 67 and 68: ák jog az irányadó. Joghatóság
Page 69 and 70: A VBAG-ra vonatkozó kockázati té
Page 71 and 72: szege részvények, hitelviszonyt m
Page 73 and 74: 2. RISK FACTORS Prospective investo
Page 75 and 76: equire more time, management attent
Page 77 and 78: The trading market for debt securit
Page 79 and 80: In addition, there is a risk that a
Page 81 and 82: price risk and, if there are change
Page 83 and 84: Instalment Notes The Issuer may iss
Page 85 and 86: Index Linked Notes Index linked Not
Page 87 and 88: ket of shares), index (or basket of
Page 89 and 90: 3. DESCRIPTION OF THE ISSUER Busine
Page 91 and 92: Retail This business division provi
Page 93 and 94: The plausibility and reliability of
Page 95 and 96: In 2006, special emphasis was place
Page 97: Rank Name of Bank 1 Bank Austria Cr
Page 101 and 102: Advisory Council - Volksbank Invest
Page 103 and 104: Members: Harald BERGER Edwin REITER
Page 105 and 106: Walter ROTHENSTEINER Thomas WIESER
Page 107 and 108: Michael PESCHKA Gerhard REINER Othm
Page 109 and 110: Major shareholders Shareholder stru
Page 111 and 112: Consolidated Income Statement of VB
Page 113 and 114: 4. THE AUSTRIAN BANKING SYSTEM Over
Page 115 and 116: In addition to its functions within
Page 117 and 118: all Austrian provincial mortgage ba
Page 119 and 120: 5. TERMS AND CONDITIONS OF THE NOTE
Page 121 and 122: (2) Senior Notes. Notes that are sp
Page 123 and 124: Interest Payment Date following imm
Page 125 and 126: (ii) Underlying is an index. For Un
Page 127 and 128: If on any determination date in rel
Page 129 and 130: Part F - Notes with other interest
Page 131 and 132: time in the case of EURIBOR, or the
Page 133 and 134: The number of days in the Calculati
Page 135 and 136: time at its Early Redemption Amount
Page 137 and 138: Subordinated Capital Notes shall ha
Page 139 and 140: If on the date the Notes are actual
Page 141 and 142: deemed to be, derived from sources
Page 143 and 144: Calculation Agent: The Calculation
Page 145 and 146: Notes. In the case of such substitu
Page 147 and 148: 5.2 Supplementary Terms and Conditi
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earlier of (i) the actual closing t
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§ 4c (Delivery of Underlyings) (1)
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5.3 Form of Final Terms for Notes D
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7. Business Day Convention: Followi
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17. Method of distribution: non-syn
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- Interest commencement date: [�]
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[the begin] [the end] of each Inter
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justment of underlyings / market di
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(iii) IRR-period Amount. - commence
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(i) Redemption amount linked to the
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(i) Redemption Date(s): [�] (ii)
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36. Form of Notes: Permanent Global
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amount [�] (give details) 44. Not
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LISTING AND ADMISSION TO TRADING AP
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[[Other]: [�]] [Need to include a
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8. DUAL REDEMPTION NOTES 11 not app
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(4) Verbriefung. Je nachdem, wie in
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(a) Fundierte Schuldverschreibungen
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(4) Basiswertabhängige Verzinsung.
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(A) anstatt von der ursprünglichen
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den, wird der Feststellungstag gem
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den in den Endgültigen Bedingungen
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ternational Swap and Derivatives As
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iode kann in den Endgültigen Bedin
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(c) Bei "Rückzahlung mindestens zu
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(7) Vorzeitige Rückzahlung bei Vor
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tin ist (i) nach Ablauf von zwei Ja
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tentin nicht unter das Mindesteigen
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(b) wegen gegenwärtiger oder früh
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§ 9 (Beauftragte Stellen) (1) Best
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(2) Bezugnahmen. von dem Land (oder
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(2) Gerichtsstand. Nicht-ausschlie
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Berechnungsstelle festgestellt, vor
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oder Maßgeblichen Optionenbörse a
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der Berechnungsstelle auf der Grund
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5.6 German version of form of Final
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3. Art der Emission: Daueremission
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14. Vorzeitige Rückzahlung nach Wa
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(iv) Sonstige Einzelheiten zur Zins
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(viii) Zinsberechnungsbasis (A) Zin
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andere (Details einfügen) (vii) Fe
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(iv) Sonstige Einzelheiten zur Zins
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vierteljährlich monatlich [�] (a
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30. Vorzeitige Rückzahlung nach Wa
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ZUSÄTZLICHE BESTIMMUNGEN FÜR AKTI
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39. Finanzzentrum (-zentren) oder a
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Wien Clearstream Banking AG, Frankf
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[ANNEX - Zusätzliche Steuerinforma
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[S&P: [�] [Moody's: [�]] [ander
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7. INDEXGEBUNDENE SCHULDVERSCHREIBU
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specified denominations) specified
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(3) Minimum redemption amount ("Flo
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If the Underlyings (or components o
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(b) Underlying is an index. For Und
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Early Redemption Amount for the Cer
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(2) Payments on a Business Day. If
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Calculation Agent: The Calculation
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are listed. Publications relating t
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Form of Term Sheet for Index-Certif
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Form of Term Sheet for Bonus-Certif
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5.8 Form of Final Terms for Certifi
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(i) Start Date: See Offer Table (ii
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(viii) Minimum Redemption Amount ("
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24. ISIN Code: See Offer Table 25.
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1. LISTING PART B - OTHER INFORMATI
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(ii) Estimated net proceeds: 27 [
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(3) Stückelung. Die Zertifikate we
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Tilgungsbetrag = (Ausübungskurs -
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kontrakten an der Maßgeblichen Opt
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oder Wandelrechten auf Aktien, Auss
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oder mehrerer in einem Basiswertkor
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Betrag (wenn nicht in EB Punkt 19(i
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(4) Kosten. Alle im Zusammenhang mi
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§ 15 (Schuldnerersetzung) (1) Erse
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che Irrtümer zu berichtigen, wider
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Muster des Angebotsblattes für Dis
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Muster des Angebotsblattes für Tur
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Diese Endgültigen Bedingungen stel
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14. Bestimmungen zur Tilgung (i) Ba
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(i) Kündigungstag(e): [�] terabs
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[�] (andere einfügen) 30. Anwend
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Zusicherungen wird keine weitergehe
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(4) Representation. The Warrants ar
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Exercise Notice to the Warrant Agen
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Exchange Business Days mean days on
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The Issuer shall be authorised in a
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§ 11 (Early redemption) (1) Waiver
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(7) Repurchase. The Issuer has the
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(4) No obligation. Neither the Issu
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city or country. Notice of all chan
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notice shall be deemed to have been
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Form of Term Sheet for Warrants Ter
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change in the affairs of the Issuer
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(ii) Germany: not applicable no pub
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Aktiengesellschaft [�] (insert na
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RESPONSIBILITY The Issuer accepts r
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[[Other]: [�]] [Need to include a
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5.13 German version of the Terms an
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zeichnet wird, kann das Optionsrech
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§ 8 (Schlusskurs. Ersatzkurs) (1)
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§ 9 (Marktstörung) (1) Marktstör
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der Maßgeblichen Optionenbörse ge
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§ 11 (Kündigung) (1) Kündigungsa
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(siehe EB Punkt 25(i)) (jeweils ein
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spätestens am fünften Geschäftst
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Zahlstelle: Eine (oder mehrere) in
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(3) Bekanntmachung und Wirksamwerde
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Muster des Angebotsblattes für Opt
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Diese Endgültigen Bedingungen stel
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gemäß § 3 (1) Z 9 Kapitalmarktge
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Nachtrag zum Prospekt gemäß Artik
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sten Jahresberichts oder Zwischenbe
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diesen Zusicherungen wird keine wei
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7. TAXATION This section on taxatio
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Non Residents Interest, including A
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only if the Original Issue Discount
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of the underlying is only taxable i
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Corporations and individuals holdin
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Corporations There is no withholdin
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worldwide basis that is both on the
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In the case of capital gains earned
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Where the interest are made on Note
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3. other persons. The succession of
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Capital gains (i.e. the difference
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Slovak income tax regarding warrant
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if the Slovenian resident would pay
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the use of exemption method for avo
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contract. Property shall mean real
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3. at any time to any legal entity
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9. GENERAL INFORMATION 1. Applicati
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10. STATEMENT PURSUANT TO COMMISSIO
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Ã–sterreichische Volksbanken-Aktiengesellschaft ... - Volksbank AG

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