Peter Lennkh follows Heinz Hoedl in the Board of RaiffeisenInternational.

On 1 January 2005, Peter Lennkh will take over the assignments in theManaging Board of Raiffeisen International Bank-Holding AG (RaiffeisenInternational) from Heinz Hoedl. Lennkh is responsible– currently jointly with Hoedl – for corporate customers and products, network banking services, leasing and coordination of alliances. As of 1 January, he will be in charge of these business areas on his own. Heinz Hoedl, who will retire, was born in 1941. He startedhis banking career in Raiffeisen Zentralbank Oesterreich AG (RZB) in 1961 and has been on Raiffeisen International''s Managing Board since 2001.

Peter Lennkh started his career by joining RZB in 1988. In 1990, hemoved to the leasing-subsidiary of a local competitor and returned tothe RZB Group two years later, being assigned with the task of buildingup business as Division Head of Corporate Banking in Raiffeisenbank,Prague. In 1996, he came back to Vienna and took over the responsibilityof founding RZB''s subsidiary banks in Russia and Ukraine. He advanced toDivision Head Trade& Export Finance in 1999, leading the departmentsExport Finance, Commodity and Structured Trade Finance, Letters ofCredit and Guarantees.

Peter Lennkh, 41, is married and father of two daughters.

You can download a 300dpi-photo of Mr. Lennkh fromhttp://www.rzbfiles.at/peterlennkh.jpg.

Raiffeisen International is a fully consolidated subsidiary of RZB andthe holding company for the RZB Group''s most important subsidiaries(above all banking and leasing units) in Central and Eastern Europe(CEE). Minority interest in Raiffeisen International is held by theInternational Finance Corporation (IFC) and the European Bank forReconstruction and Development (EBRD). RZB is the central institution ofthe Raiffeisen Banking Group, Austria''s most powerful banking group. Itis a leading corporate and investment bank in Austria and also considersCEE as its home market, where it operates, via Raiffeisen International,a network of 15 subsidiary banks with more than 820 banking outlets, aswell as two representative offices, in 16 markets of the region. RZB''snetwork banks are among the three largest banks in eight CEE markets.