ParticiPation certificatesPrecious Metals

▪ Gold, silver, PalladiuM, PlatinuM

▪ 1:1 ParticiPation

▪ oPen-end investMent

▪ PerManent secondary Market

▪ no ManaGeMent fees

Product information July 2010 raiffeisen centrobank aG

raiffeisen centrobank aG Precious metals

Precious Metals BriGht ProsPects

commodity investments should be an integral part of every portfolio for broad and optimum risk diversification. commodities are an interesting investment alternative, particularly in times of a challenging market environment and inflation fears. Many experts recommend precious metals to protect value over a long term. since 2009 prices of gold, silver, palladium and platinum have steadily been increasing, very much to the delight of speculative investors.

Gold – the world‘s oldest store of valuefor thousands of years gold has been a store of value and a highly sought-after precious metal because it is the most malleable and ductile pure metal known. Moreover,gold has been as a standard for monetary exchange, and gold coins or gold bullions still serve as an international medium of exchange. Particularly in times of a crisis gold is considered a nest egg and a store of value. the gold price is particularly determined by demand from jewellery and electronics.

raiffeisen centrobank currently offers three Participation Certificates on gold (eur, usd and currency hedged, see next page).

Silver – the renaissance of an industrial metalsilver has lost its importance as a means of payment. it has, however, attracted attention not only for its value but also for its price stability during the past months. demand for silver from jewellery has been constant and silver has gained importance in chemistry, electronical engineering and pharmacy due to its high electrical conductivity and germicidal effects.

raiffeisen centrobank currently offers two Participation Certificates on silver (eur, usd see next page).

Precious metals Basket: Gold, Silver, Palladium and Platinumthe Precious Metals Basket of Raiffeisen Centrobank has been calculated since 2004 and combines the four precious metals gold, silver, palladium and platinum in one underlying, thereby enabling investors to get the four major precious metals in one investment. in addition to gold and silver, platinum and palladium provide further opportunities to protect the portfolio against rising inflation. Both metals are nickel metals and have numerous applications. Platinum is used in dentistry, jewellery and to manufacture catalytic converters. Palladium qualifies particularly for chemical reactions and can be beaten into a thin leaf form. its is very similar in its features to platinum and is therefore often referred to as “low price platinum“.

raiffeisen centrobank currently offers two Participation Certificates on the Precious Metals Basket (eur and usd, see next page).

Key factS

Issuer* raiffeisen centrobank aG

Offer continuous issuing

Quotes rcB01 / www.rcb.at

underlyinGS: PreciouS metalS

Gold 3 Particip. certificates

Silver 2 Particip. certificates

Precious Metals Basket 2 Part. certificates

* raiffeisen centrobank aG is a 99.99 %

owned subsidiary of rZB – rating:

www.rzb.at/investor

Participation certificates of raiffeisen centrobank enable investors to invest open-ended into the precious metals gold, silver, palladium and platinum, to benefit from their performance and to diversify risks in their portfolios.

In short:

PreciouS metalS BaSKet

at the fixing date all four precious metals

were equally weighted.

the basket is calculated on a continuous

basis.

GOLD

SILVE

R

PALLADIUMPLATINUM

Current weighting of the Precious Metals Basket as of July 01, 2010. Source: www.rcb.at.

Gold 30.8 %

silver 29.9 %

Palladium 21.2 %

Platinum 18.1 %

60

100

140

180

220

260

300

09.2004

01.2006

06.2007

10.2008

03.2010

PriceUSDOzs

8

10

12

14

16

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32005 2006 2007 2008 2009 2010

PriceUSDOzs

500

600

700

800

900

1.000

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32005 2006 2007 2008 2009 2010

www.rcb.at

oPPortunitieS ▫ 1:1 participation in the performance of the underlying ▫ Basic open-end investment ▫ transparent pricing ▫ Permanent secondary market ▫ no management feest

riSKS ▫ Potential currency risk ▫ investor bears the full market risk ▫ redemption is dependent on the solvency and liquidity of raiffeisen centrobank (issuer risk). in case of insolvency of the issuer the investor may incur a total loss.

additional products on these precious metals, such as Guarantee, Bonus, Discount and Turbo Certificates are available on www.rcb.at.

UnDeRlyInG ISIn MaTURITy CeRTIfICaTe QUOTe UnDeRlyInG QUOTe MUlTIPlIeR lISTInGGold at0000489398 open-end eur 101.14 usd 1,240.05 0.1 vienna, stuttgart, frankfurtGold1 at0000a07lt7 open-end usd 1,241.40 usd 1,240.05 1.0 –Gold (Quanto)1, 2 at0000a0dGW5 open-end eur 120.59 usd 1,240.05 0.1 –silver at0000489380 open-end eur 15.11 usd 18.50 1.0 vienna, stuttgart, frankfurtsilver1 at0000a08Xu8 open-end usd 18.56 usd 18.50 1.0 –Precious Metals Basket at0000489406 open-end eur 20.62 usd 254.49 0.1 vienna, stuttgart, frankfurtPrecious Metals Basket at0000a08Xt0 open-end usd 25.27 usd 254.49 0.1 vienna, stuttgart, frankfurt

1 … Certificates are tradable OTC with Raiffeisen Centrobank.

2 … currency hedged; key facts as of July 01, 2010

Participation certificates of raiffeisen centrobank on precious metalsParticipation certificates are open-ended and reflect the underlying 1:1. if the underlying is quoted in a currency different to that of the certificate, the investor bears the currency risk.

Precious MetalsBasket

Gold silver

Please note that past performances do not allow any inferences to be made about future performances. Source: Reuters.

riSK information

the mentioned opportunities and risks

display a selection of the most important

facts.

for further risks and terms see the base

prospectus (approved by and deposited at

the austrian financial Market authority and

published at our web site www.rcb.at).

Structured securities are risky instruments employed to invest into assets. Should the price of the respective underlying instrument of a certificate develop adversely, an investor may lose part or all of his or her invested capital. Structured securities move – aside from changes in foreign exchange rates – simultaneously with the underlying instrument. Any payments for structured securities at the maturity date depend on the solvency of the issuer. Further risk information – see Base Prospectus.

The value of the structured securities is additionally influenced by changes of prices for future deliveries of commodities traded on the futures market (forward curve).

This document is for information purposes only and does not constitute on offer or invitation to execute a transaction. The information contained in this document does neither substitute the necessary investment advice for the purchase or sale of investments, nor shall any investment decision be taken on the basis of this document. All products are subject to (i) the Base Prospectus of July 21, 2009 for the Issuance Programme 2009/2010, which has been approved by and deposited at the Austrian Financial Market Authority, in connection with the Supplements, Final Terms and the Securities Terms deposited at the Oesterreichische Kontrollbank AG or (ii) the Securities Terms deposited at the Oesterreichische Kontrollbank AG. Unless otherwise explicitly expressed in any of the documents above no measures were or are taken in any national legal system which should permit a public offering of the products described therein. All mentioned documents are published on the website of Raiffeisen Centrobank AG. Raiffeisen Centrobank AG explicitly excludes any liability in relation to the correctness, appropriateness and completeness of the information presented herein.

further information may be obtained from the consultant at your local bank, on the internet at www.rcb.at or through the product hotline of raiffeisen centrobank, phone +43 1 51520 – 484.

your contacts at raiffeisen centrobank aG, a-1015 vienna, tegetthoffstrasse 1:

Peter Tuli t.: +43 1/51520 - 391 tuli@rcb.atMartin Vonwald t.: +43 1/51520 - 338 vonwald@rcb.atWilhelmine Freudenthal t.: +43 1/51520 - 381 freudenthal@rcb.atRoman Bauer t.: +43 1/51520 - 384 bauer@rcb.atHeike Arbter (head of structured Products) t.: +43 1/51520 - 407 arbter@rcb.atStephanie Rainer t.: +43 1/51520 - 404 rainer@rcb.atPhilipp Arnold t.: +43 1/51520 - 469 arnold@rcb.atAngelika Waldingbrett t.: +43 1/51520 - 482 waldingbrett@rcb.atStefan Neubauer t.: +43 1/51520 - 486 neubauer@rcb.atWalter Friehsinger t.: +43 1/51520 - 392 friehsinger@rcb.at