A withdrawal must always be carried out in accordance with all requirements and provisions of the offer document of Raiffeisen Bank International AG. However, it should be noted that Section 5.9 of the RBI takeover offer (withdrawal declaration of shareholders in the event of competing offers) is incomplete and shareholders may also withdraw their acceptance of the RBI takeover offer pursuant to Section 17 second sentence of the Austrian Takeover Act (Übernahmegesetz) due to the improvement of the NLB takeover offer, and tender their shares into the NLB takeover offer. The steps above must therefore be read together with the steps in that offer document as well as this important note. The offer document is authoritative and is available on, among other places, the website of the Austrian Takeover Commission.
The decision whether to exercise the right of withdrawal is at the shareholders’ sole discretion. In making this decision, shareholders should take into account all circumstances relevant to them.