Hypo Alpe-Adria-Bank International AG was founded in 1896 as Landes- und Hypothekenbankanstalt. It operates as the parent company of the Hypo Group Alpe Adria. It is registered in the trade register (Firmenbuch) of Klagenfurt under reference number FN 108415i. The company’s registered office and the Group’s headquarters are located at Alpen-Adria-Platz 1, A-9020 Klagenfurt (Austria).

Hypo Group Alpe Adria is one of the leading banking groups in the Alpe Adria Region, where it operates 10 banks and 12 leasing companies. The Banking Division encompasses a comprehensive line of services that includes financing, payment transactions, documentary transaction, savings, deposit taking as well as complex investment advice and asset management services. The Leasing Division sells a complete range of financial and operating leasing products for cars, real estate, ships and movable assets and cross-border leasing. Hypo Group Alpe Adria positions itself as a provider of banking as well as other services and is committed to promoting development in the Alpe Adria region. It is this close proximity to the customer that allows Hypo Group Alpe Adria to develop customised products. It also implies a clear commitment for the future. Consequently, the actions of Hypo Group Alpe Adria in each country are based on a long-term strategy and follow a clearly defined philosophy: Hypo Group Alpe Adria is a partner with a long-term vision that provides tailored, solid and transparent products. The well established cooperation across language barriers and national borders is as important for the success as the knowledge of the cultural and economical variety of the region because it creates a solid foundation for the further dynamic growth of the Group.

The Hypo Group Alpe Adria currently operates in 12 countries or regions, namely Austria, Northern Italy, Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Southern Germany, Hungary, Bulgaria, Macedonia and the Ukraine. In banking and leasing, Hypo Group Alpe Adria now has approximately 7,000 employees at more than 350 sites, who serve over 1.2 million customers.

Since Bayerische Landesbank (BayernLB) acquired a majority stake, Hypo Group Alpe Adria has not only enjoyed the backing of a powerful partner with a long-term orientation, but also strengthened its capital base for the further joint expansion in East and South East Europe through a EUR 125 m capital increase in the first quarter of 2007 and a further capital increase of EUR 600 m in the fourth quarter of 2007.

At the end of 2007, the ownership situation of Hypo Alpe-Adria-Bank International AG was as follows:

57.31 % Bayerische Landesbank (BayernLB)

26.45 % Hypo-Bank Burgenland AG (member of GRAWE Group)

16.04 % Kärntner Landes- und Hypothekenbank-Holding

0.18 % Berlin & Co Capital S.à.r.l.

0.02 % Hypo Alpe Adria Mitarbeiter Privatstiftung (staff foundation)

As from 9 October 2007, Hypo Alpe-Adria-Bank International AG is included as a subsidiary in the consolidated financial statements according to IFRS of BayernLB Group.

The consolidated financial statements of BayernLB are published at www.bayernlb.de. Disclosure is made to the address of Bayerische Landesbank, Brienner Straße 18, 80333 Munich (Germany) and in the electronic federal gazette (www.ebundesanzeiger.de).