Joint offer made by Austrian Airlines and Raiffeisenbank Austria, ZAO:special discounts and a free trip to Vienna.

1 October - 30 November 2004 Raiffeisenbank Austria, ZAO together withAustrian Airlines offer a unique opportunity to the Bank clientele touse special offers from the Airline, and also take part in specialdrawing of free trips to Vienna for 2 people.

Buying tickets in Austrian Airlines offices (in Moscow office or inSheremetjevo 2) and paying with Raiffeisenbank plastic card,participants of the advertising campaign may take advantage of followingdiscounts:

- 50 USD– discount for any direction economy-class ticket;

-100 USD - discount for any direction business-class ticket;

and alsoa free taxi for business-class passengers of OS606 flight from Moscow.

Each client registered on Internet site of the Bank, in“Special offers” section automatically becomesa participant of the campaign and gets an opportunity to win a free trip:

- 3 trips to Vienna for 2 people for a week;

- 2 trips to Vienna for2 people for a Weekend.

The winners will become participants of the campaign, having filled inthe registration form and having made the largest amount of purchaseswith a plastic card issued by Raiffeisenbank.

The holders of all Raiffeisenbank’s card types can take part in the campaign.

Raiffeisenbank Austria is a subsidiary of Raiffeisen InternationalBank-Holding AG (Raiffeisen International). Raiffeisen International,100 per cent owned by Raiffeisen Zentralbank Oesterreich AG (RZB), isthe holding company for RZB’s most important subsidiaries in Central and Eastern Europe (CEE). RZB is the central institution of the Austrian Raiffeisen Banking Group, the country''s most powerful banking group.

Retaining the position of a leading foreign bank on the local marketRaiffeisenbank is ranked 8th in terms of private deposits among theRussian banks with private deposit base of more than USD 532 mln (RAInterfax, H1 2004 results). The Bank is also the 4th largest bank inRussia in terms of consumer lending (Interfax as of H1 2004), theprivate loan portfolio amounting to USD 219 mln, which illustrates 54,2%growth from 2003 year-end figure (USD 142 mln).

Austrian Airlines AG was founded in 1958. 1979 Lauda Air company wasfounded within the Group, it was specializing on long-distance touristdirections, and in 1980– Austrian Arrows ( the former Tyrolean Airways) for domestic and short routs. All the three airlines belong to the Austrian Airlines Group.

Austrian disposes of a route network of 130 destination in 60 countriesacross 5 continents. Stuff of the company exceeds 7000 people. The fleetof the company consists of 76 short range and 15 long-houl planes. Thecompany is a member of the Star Alliance network, providing for theintegration in Central and Eastern Europe macro-region.

In Russia and CIS Austrian Airlines operate flights to Moscow,Saint-Petersburg, Krasnodar, Rostov-na-Donu, Minsk, Kiev, Odessa,Dnepropetrovsk, Kharkov, Tbilisi, Baku, Erevan and Kishinev.