EQS-Adhoc: Raiffeisen Bank International AG: AO Raiffeisenbank (Russia) will book a provision for Q4/2024 related to today’s Russian court decision

EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s):
   Miscellaneous/Miscellaneous
   Raiffeisen Bank International AG: AO Raiffeisenbank (Russia) will book a
   provision for Q4/2024 related to today’s Russian court decision

   20-Jan-2025 / 18:44 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
   Group.
   The issuer is solely responsible for the content of this announcement.

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   AO Raiffeisenbank (Russia) will book a provision for Q4/2024 related to
   today’s Russian court decision

   Vienna, 20 January 2025. In the legal proceedings initiated by Rasperia
   Trading Limited (“Rasperia”) against STRABAG SE, STRABAG SE’s Austrian
   core shareholders and RBI’s (Raiffeisen Bank International) wholly owned
   Russian subsidiary AO Raiffeisenbank, a Russian court has today rendered
   its verdict. The court has decided that STRABAG SE and its Austrian core
   shareholders are liable to pay EUR 2.044 billion to Rasperia and that the
   verdict can be enforced against AO Raiffeisenbank’s assets.

   AO Raiffeisenbank will appeal this verdict with suspensive effect. Subject
   to further developments in Russian courts, RBI Group will take legal
   actions in Austria, in full compliance with EU sanction law, to mitigate
   damages by seeking enforcement against Rasperia’s assets in Austria.

   AO Raiffeisenbank will book a provision for Q4/2024, in accordance with
   IFRS and Russian accounting standards. Pending an external audit opinion,
   the provision would reflect the amount awarded to Rasperia by the Russian
   court today (EUR 2.044 billion) minus the expected proceeds from
   enforcement of legal recourse against Rasperia’s assets in Austria. These
   consist of 28.5 million STRABAG SE shares, including the attached
   dividends from years 2021, 2022, and 2023, and the cash distribution from
   the March 2024 capital reduction.

   In its verdict, the Russian court has also acceded to Rasperia’s request
   according to which the ownership rights for the shares of STRABAG SE held
   by Rasperia are to be transferred to AO Raiffeisenbank. However, Russian
   verdicts have no binding effect in Austria and the transfer of shares is
   therefore not enforceable. Furthermore, Rasperia’s STRABAG SE shares are
   subject to an asset freeze under EU sanctions which also currently
   prevents their transfer.

   For further information please contact:

   John P. Carlson, CFA
   Head of Group Investor Relations
   Raiffeisen Bank International AG
   Am Stadtpark 9
   1030 Vienna, Austria
   ir@rbinternational.com
   phone +43 1 71 707 2089
   [1]www.rbinternational.com

    

   End of Inside Information

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   20-Jan-2025 CET/CEST News transmitted by EQS Group. www.eqs.com

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   Language:    English
   Company:     Raiffeisen Bank International AG
                Am Stadtpark 9
                A-1030 Vienna
                Austria
   Phone:       +43-1-71707-2089
   Fax:         +43-1-71707-2138
   E-mail:      ir@rbinternational.com
   Internet:    www.rbinternational.com
   ISIN:        AT0000606306
   WKN:         A0D9SU
   Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
                Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange;
                Luxembourg Stock Exchange, SIX, Vienna Stock Exchange
                (Official Market)
   EQS News ID: 2071175


    
   End of Announcement EQS News Service


   2071175  20-Jan-2025 CET/CEST

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