Covered Bonds Key Facts

☑ Raiffeisen BANK Client inspired banking CRR eligibility Covered Bonds issued by Raiffeisenbank a.s. are subject to treatment according to Article 161(1)(d) of the CRR and therefore are less capital consumptive for potential investors. Article 129 of the CRR sets out requirements on the collateral of covered bonds which are subject to preferential treatment, relevant eligibility criteria for assets in cover pool of the Bonds are: (i) (mortgage) loans secured by residential property up to the lesser of the principal amount of the liens that are combined with any prior liens and 80% of the value of the pledged properties (the 80 per cent. LTV Limit) pursuant to Article 129(1)(d)(i) of the CRR (ii) alternative eligible assets specified in Article 129(1)(a) to (c) of the CRR (the Alternative Assets). - This condition (i) is ensured by comparison of Outstanding of the Bonds with total current balances of Mortgage Loans in the Cover Pool with LTV limit below or equal to 80 per cent.: CZK bln eq. 60 50 LTV >80% 40 LTV >70% <= 80% LTV >60% <= 70% 20 20 EUR Bonds (pledged/repoed) LTV >50% <= 60% 10 LTV >40% <= 50% 0 LTV <= 40% Cover Assets EUR Bonds (sold) Covered Bonds - Cover pool doesn't contain any alternative eligible assets as of 31.03.2020 Requirement on reqular publishing of information concerning cover pool, which is set out by Article 129(7) of CRR is ensured by this Investor Report, which is published on quarterly basis. - Requirements on valuation of mortgaged properties, which are set out by Article 208 and Article 229(1) of CRR are ensured by internal procedures of Raiffeisenbank a.s., which are aligned with ECB recommendations and guidelines and which are even more conservative in certain aspects: - Value of collateral is revaluated only in case of depreciation of the mortgaged property, in the other case evidenced value of collateral remains unchanged - Value of property is monitored and revaluated with annual frequency for residential properties Raiffeisenbank a.s. can provide on request a Memorandum by Allen & Overy (Czech Republic) LLP, which covers the CRR eligibility in more detail. 4

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