Obbligazione Raiffeisen Landesbank OÖ AG 0.5% ( AT0000A2CFT1 ) in EUR

Raiffeisen Landesbank OÖ AG

100 EUR ▲

Austria

AT0000A2CFT1 ( in EUR )

0.5% per anno ( pagato 1 volta l'anno)

22/01/2035 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Raiffeisenlandesbank Oberösterreich AG AT0000A2CFT1 in EUR 0.5%, scaduta

Raiffeisenlandesbank Oberösterreich AG è la banca centrale del gruppo Raiffeisen in Alta Austria, offrendo una vasta gamma di servizi finanziari a privati, aziende e istituzioni.

The Obbligazione issued by Raiffeisen Landesbank OÖ AG ( Austria ) , in EUR, with the ISIN code AT0000A2CFT1, pays a coupon of 0.5% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 22/01/2035

Raiffeisenlandesbank Oberösterreich
Aktiengesellschaft
Debt Issuance Programme (unlimited in size)
(the "Programme")
Under the Programme, Raiffeisenlandesbank Oberösterreich Aktiengesellschaft ("RLB OÖ" or the "Issuer"), subject to compliance with all
relevant laws, regulations and directives, may issue debt securities as further specified in the relevant final terms (the "Final Terms") in the
German or English language under Austrian and/or German law (the "Notes"). The Programme foresees three different options of Terms and
Conditions (as defined herein) under which Notes may be issued depending on the type of interest which applies to the Notes as specified in the
relevant Final Terms. Accordingly, the following types of Notes may be issued under the Programme: (i) Notes with fixed interest rates (Option I);
(ii) Notes with variable and/or structured interest rates (Option II); and (iii) Notes without periodic interest payments (Option III). Subject to
compliance with all relevant laws, regulations and directives, the Notes will have a minimum maturity of twelve months and no maximum maturity.
This base prospectus (the "Prospectus") has been drawn up in accordance with Annexes V, XI, XIII, XXI, XXII and XXX of Commission
Regulation (EC) No 809/2004, as amended (the "Prospectus Regulation") and has been approved by the Austrian Financial Market Authority
(Finanzmarktaufsichtsbehörde - the "FMA") in its capacity as competent authority under the Austrian Capital Market Act (Kapitalmarktgesetz), as
amended ("KMG") for the approval of this Prospectus. The accuracy of the information contained in this Prospectus does not fall within the
scope of examination by the FMA under the KMG and the Directive 2003/71/EC, as amended (the "Prospectus Directive"). The FMA has
examined this Prospectus only in respect of its completeness, coherence and comprehensibility pursuant to § 8a KMG.
Application may be made for the Programme and/or the Notes to be admitted to the Official Market (Amtlicher Handel) (the "Austrian Market") of
the Vienna Stock Exchange (Wiener Börse). Application may also be made to list Notes on the official list of the Luxembourg Stock Exchange and
to admit to trading such Notes on the regulated market of the Luxembourg Stock Exchange (Bourse de Luxembourg) or on the professional
segment of the Regulated Market of the Luxembourg Stock Exchange (together with the Austrian Market, the "Markets"). References in this
Prospectus to Notes being listed (and all related references) shall mean that such Notes have been admitted to trading on one or more of the
Markets, each of which is a regulated market for the purposes of the Directive 2014/65/EU, as amended (Markets in Financial Instruments
Directive II "MiFID II"). Furthermore, application may also be made for the Notes to be included in the Third Market (Dritter Markt) of the Vienna
Stock Exchange which is a multilateral trading facility ("MTF"). Unlisted Notes may also be issued pursuant to this Programme. The relevant Final
Terms in respect of the issue of any Notes will specify whether or not such Notes will be admitted to trading on one or more of the Markets or
included in the Third Market.
The Issuer has requested the FMA to provide the competent authorities in other host Member States within the European Economic Area ("EEA")
including Germany and the Grand Duchy of Luxembourg with a certificate of approval attesting that this Prospectus has been drawn up in
accordance with Article 5(4) of the Prospectus Directive and the KMG. The Issuer may from time to time request the FMA to provide to competent
authorities of Member States of the EEA further notifications concerning the approval of this Prospectus.
Notes will be issued in tranches (each a "Tranche"), whereby each Tranche in bearer form will be represented on issue by (i) a global note
(Sammelurkunde) pursuant to Austrian law, (ii) a temporary global note in bearer form pursuant to German law (a "Temporary Global Note")
exchangeable for a permanent global note in bearer form (a "Permanent Global Note") or (iii) a Permanent Global Note in bearer form pursuant
to German law or Austrian law (each, a "Global Note"). A Temporary Global Note and a Permanent Global Note may also be in the form of new
global notes ("New Global Note" or "NGN"). NGNs will be delivered on or prior to the original issue date of the Tranche to a common safekeeper
(the "Common Safekeeper") for Euroclear Bank SA/NV ("Euroclear") and Clearstream Banking, S.A. ("CBL"). Global Notes which are issued in
the form of classical global notes ("Classical Global Note" or "CGN") will be deposited on the issue date with a common depositary on behalf of
Euroclear and CBL or may be deposited on the issue date with Clearstream Banking AG ("CBF") or OeKB CSD GmbH ("OeKB CSD") or with a
depositary on behalf of OeKB CSD or with or on behalf of the Issuer. Global Notes (in a CGN or NGN format) may be intended to be eligible
collateral for Eurosystem monetary policy.
Tranches of Notes may be rated or unrated. Where a Tranche of Notes is rated, such credit rating will be specified in the relevant Final Terms. A
credit rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the
assigning credit rating agency. Whether or not each credit rating applied for in relation to a relevant Tranche of Notes will be issued by a credit
rating agency established in the European Union and registered under Regulation (EC) No 1060/2009, as amended (the "CRA Regulation") will
be disclosed in the relevant Final Terms. The European Securities and Markets Authority (the "ESMA") is obliged to maintain on its website
("www .esma.europa.eu") a list of credit rating agencies registered and certified in accordance with the CRA Regulation. This list must be updated
within 5 working days of ESMA's adoption of any decision to withdraw the registration of a credit rating agency under the CRA Regulation. The
ESMA website is not incorporated by reference into, nor does it form part of, this Prospectus.
Prospective investors should have regard to the factors described under the section headed "Risk Factors" in this Prospectus. This Prospectus
does not describe all of the risks of an investment in the Notes, but the Issuer believes that all material risks relating to an investment in the Notes
have been described.
This Prospectus and all documents incorporated herein by reference will be published in electronic form on the Issuer's website (www .rlbooe.at).
This Prospectus succeeds the prospectus dated 28 June 2018. It is valid for a period of 12 months from the date of its approval. Printed copies of
this Prospectus are available at the Issuer's head office during normal business hours.
Arranger
Deutsche Bank
Dealers
Deutsche Bank
DZ BANK AG
Raiffeisen Bank International AG
Raiffeisenlandesbank Oberösterreich
Prospectus dated 29 May 2019

2
RESPONSIBILITY STATEMENT
The Issuer with its registered office in Linz, Austria, is solely responsible for the information given in
this Prospectus and for the information which wil be contained in the Final Terms. The Issuer hereby

declares that, having taken al reasonable care to ensure that such is the case, the information
contained in this Prospectus is, to the best of its knowledge, in accordance with the facts and contains
no omission likely to affect its import.
NOTICE
This Prospectus should be read and understood in conjunction with any supplement thereto and with
any document incorporated herein by reference. Full information on the Issuer and any Tranche of
Notes is only available on the basis of the combination of this Prospectus and the relevant Final
Terms.
The Issuer has confirmed to the Dealers set forth on the cover page of this Prospectus (each a
"Dealer" and together the "Dealers" which term includes any new dealer appointed from time to time
under the Programme) that this Prospectus contains al information which is material in the context of
the Programme and the issue and offering of Notes thereunder; that the information contained herein
is accurate in all material respects and is not misleading; that any opinions and intentions expressed
herein are honestly held; that there are no other facts, the omission of which would make this
Prospectus as a whole or any of such information or the expression of any such opinions or intentions
misleading in any material respect; and that al reasonable enquiries have been made to ascertain all
facts and to verify the accuracy of all statements contained herein.
No person has been authorised to give any information which is not contained in or not consistent with
this Prospectus or any other information supplied in connection with the Programme and, if given or
made, such information must not be relied upon as having been authorised by or on behalf of the
Issuer or any of the Dealers.
This Prospectus is valid for 12 months after its approval and this Prospectus and any supplement
hereto as well as any Final Terms reflect the status as of their respective date. The delivery of this
Prospectus or any Final Terms and the offering, sale or delivery of any Notes may not be taken as an
implication that the information contained in such documents is accurate and complete subsequent to
their respective dates of issue or that there has been no adverse change in the financial condition of
the Issuer since such date or that any other information supplied in connection with the Programme is
accurate at any time subsequent to the date on which it is supplied or, if different, the date indicated in
the document containing the same.
The Issuer has given an undertaking to the Dealers, and is obliged by the provisions of the Prospectus
Directive and the KMG, that if at any time during the duration of the Programme there is a significant
new factor, material mistake or inaccuracy relating to information contained in this Prospectus which is
capable of affecting the assessment of any Notes and which arises or is noted between the time when
this Prospectus is approved and the final closing of an offer of such Notes to the public or, as the case
may be, the time when trading on a regulated market begins, whichever occurs later, the Issuer shal
prepare a supplement to this Prospectus or publish a replacement prospectus for use in connection
with any subsequent offering of the Notes and shall supply to each Dealer and to the FMA and the
stock exchange operating the Markets such number of copies of such supplement or replacement
hereto as such Dealer may request and relevant applicable legislation require.
To the extent permitted by the laws of any relevant jurisdiction neither the Arranger (as defined herein)
nor any Dealer nor any person mentioned in this Prospectus, excluding the Issuer, is responsible for
the information contained in this Prospectus or any supplement thereof, or any Final Terms or any
other document incorporated herein by reference and, accordingly, and to the extent permitted by the
laws of any relevant jurisdiction, none of these persons accepts any responsibility for the accuracy and
completeness of the information contained in any of these documents.
The distribution of this Prospectus and of any Final Terms and the offering, sale and delivery of Notes
in certain jurisdictions may be restricted by law. Persons into whose possession this Prospectus or
any Final Terms come are required to inform themselves about and observe any such restrictions. For
a description of the restrictions applicable in the United States of America, the EEA, the United
Kingdom of Great Britain and Northern Ireland ("United Kingdom") and Japan see the section

3
"Selling Restrictions". In particular, the Notes have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "Securities Act"), and are subject to tax law
requirements of the United States of America; subject to certain exceptions, Notes may not be offered,
sold or delivered within the United States of America or to U.S. persons.
The Final Terms in respect of any Notes may include a legend entitled "MiFID II Product
Governance" which will outline the target market assessment in respect of the Notes and which
channels for distribution of the Notes are appropriate. Any person subsequently offering, selling or
recommending the Notes (a "distributor") should take into consideration the target market
assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target
market assessment in respect of the Notes (by either adopting or refining the target market
assessment) and determining appropriate distribution channels.
A determination wil be made in relation to each issue about whether, for the purpose of the MiFID
Product Governance rules under EU Delegated Directive 2017/593 (the "MiFID Product Governance
Rules"), any Dealer subscribing for any Notes is a manufacturer in respect of such Notes, but
otherwise neither the Arranger nor the Dealers nor any of their respective affiliates wil be a
manufacturer for the purpose of the MiFID Product Governance Rules.
If the Final Terms in respect of any Notes include a legend entitled "Prohibition of Sales to EEA
Retail Investors", the Notes are not intended to be offered, sold or otherwise made available to and
should not be offered, sold or otherwise made available to any retail investor in the EEA. For these
purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in
point (11) of Article 4(1) of MiFID II; or (i ) a customer within the meaning of Directive 2016/97/EU, as
amended ("Insurance Distribution Directive"), where that customer would not qualify as a
professional client as defined in point (10) of Article 4(1) of MiFID II; or (i i) not a qualified investor as
defined in the Prospectus Directive. Consequently, no key information document required by
Regulation (EU) No 1286/2014, as amended (the "PRIIPs Regulation") for offering or sel ing the
Notes or otherwise making them available to retail investors in the EEA has been prepared and
therefore offering or selling the Notes or otherwise making them available to any retail investor in the
EEA may be unlawful under the PRIIPs Regulation.
This Prospectus may only be used for the purpose for which it has been published.
This Prospectus and any Final Terms may not be used for the purpose of an offer or solicitation by
anyone in any jurisdiction in which such offer or solicitation is not authorised or to any person to whom
it is unlawful to make such an offer or solicitation.
This Prospectus and any Final Terms do not constitute an offer or an invitation by or on behalf of the
Issuer or the Dealers to any person to subscribe for or to purchase any Notes.
In connection with the issue of any Tranche of Notes, the Dealer or Dealers (if any) named as
the stabilising manager(s) (or persons acting on behalf of any stabilising manager(s)) in the
applicable Final Terms may over allot Notes or effect transactions with a view to supporting the
market price of the Notes at a level higher than that which might otherwise prevail. However,
stabilisation may not necessarily occur. Any stabilisation action may begin on or after the date
on which adequate public disclosure of the terms of the offer of the relevant Tranche of Notes
is made and, if begun, may cease at any time, but it must end no later than the earlier of
30 days after the issue date and 60 days after the date of the allotment of the relevant Tranche
of Notes. Any stabilisation action or over-allotment must be conducted by the relevant
stabilising manager(s) (or person(s) acting on behalf of any stabilising manager(s)) in
accordance with all applicable laws and rules.
Each financial intermediary (the "Financial Intermediary") subsequently reselling or finally
placing Notes issued under the Programme is entitled to use this Prospectus as set out in
section "Consent to the Use of the Prospectus".
Any websites included in this Prospectus, except where stated otherwise in this Prospectus, are for
information purposes only and do not form part of this Prospectus.
Amounts payable under Notes with variable and/or structured interest rates may be calculated by
reference to: (i) EURIBOR (Euro Interbank Offered Rate) which is provided by the European Money
Markets Institute ("EMMI"); (i ) LIBOR (London Interbank Offered Rate) which is provided by the ICE
Benchmark Administration ("IBA"); (i i) PRIBOR which is provided by the Czech Financial Benchmark

4
Facility s.r.o. ("CFBF"); or (iv) a EUR Swap Rate which is provided by EMMI. As at the date of this
Prospectus, IBA and CFBF appear whereas EMMI does not appear on the register of administrators
and benchmarks established and maintained by ESMA pursuant to Article 36 of
Regulation (EU) 2016/1011, as amended ("Benchmark Regulation"). As far as the Issuer is aware,
the transitional provisions in Article 51 of the Benchmark Regulation apply, such that EMMI is not
currently required to obtain authorisation or registration (or, if located outside the European Union,
recognition, endorsement or equivalence). The relevant Final Terms may set out specific (updated)
information in relation to the reference (interest) rate(s), administrator(s) and related information for
the respective issue of Notes.
FORWARD-LOOKING STATEMENTS
This Prospectus contains certain forward-looking statements. A forward-looking statement is a
statement that does not relate to historical facts and events. Forward-looking statements are based on
analyses or forecasts of future results and estimates of amounts not yet determinable or foreseeable.
These forward-looking statements may be identified by the use of terms and phrases such as
"anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will"
and similar terms and phrases, including references and assumptions. This applies, in particular, to
statements in this Prospectus containing information on future earning capacity, plans and
expectations regarding the Issuer's together with its consolidated subsidiaries' (together the "RLB OÖ
Group" or the "Group") business and management, growth and profitability, and general economic
and regulatory conditions and other factors that affect it.
Forward-looking statements in this Prospectus are based on current estimates and assumptions that
the Issuer makes to the best of its present knowledge. These forward-looking statements are subject
to risks, uncertainties and other factors which could cause actual results, including RLB OÖ Group's
financial condition and results of operations, to differ materially from and be worse than results that
have expressly or implicitly been assumed or described in these forward-looking statements. RLB OÖ
Group's business is also subject to a number of risks and uncertainties that could cause a forward-
looking statement, estimate or prediction in this Prospectus to become inaccurate. Accordingly,
investors are strongly advised to read the section "Risk Factors" in this Prospectus. This section
includes more detailed descriptions of factors that might have an impact on RLB OÖ Group's business
and the markets in which it operates.
In light of these risks, uncertainties and assumptions, future events described in this Prospectus may
not occur. In addition, neither the Issuer nor the Dealers assume any obligation, except as required by
law, to update any forward-looking statement or to conform these forward-looking statements to actual
events or developments.

5
TABLE OF CONTENTS

RESPONSIBILITY STATEMENT ............................................................................................................... 2
NOTICE
.......................................................................................................................................... 2
FORWARD-LOOKING STATEMENTS ...................................................................................................... 4
TABLE OF CONTENTS ............................................................................................................................. 5
SUMMARY
.......................................................................................................................................... 7
GERMAN TRANSLATION OF THE SUMMARY ...................................................................................... 25
RISK FACTORS ....................................................................................................................................... 47
RISK FACTORS REGARDING RLB OÖ ................................................................................................. 47
Risk factors regarding RLB OÖ Group's business operations ................................................................. 47
Risk factors regarding RLB OÖ Group's business outside Austria .......................................................... 52
Risk factors regarding the legal framework .............................................................................................. 53
RISK FACTORS REGARDING THE NOTES .......................................................................................... 59
Risk factors regarding Notes general y .................................................................................................... 59
Risk factors regarding the structure of particular Notes ........................................................................... 62
Risk factors regarding Eligible Notes ....................................................................................................... 69
Risk factors regarding Subordinated Notes .............................................................................................. 71
Risk factors regarding Covered Bank Bonds ........................................................................................... 73
CONSENT TO THE USE OF THE PROSPECTUS ................................................................................. 74
GENERAL DESCRIPTION OF THE PROGRAMME ............................................................................... 75
ISSUE PROCEDURES ............................................................................................................................ 77
TERMS AND CONDITIONS OF THE NOTES ENGLISH LANGUAGE VERSION .................................. 79
OPTION I Terms and Conditions that apply to Notes with fixed interest rates ..................................... 80
OPTION II Terms and Conditions that apply to Notes with variable and/or structured interest
rates ........................................................................................................................................................ 107
OPTION III Terms and Conditions that apply to zero coupon Notes .................................................. 142
TERMS AND CONDITIONS OF THE NOTES GERMAN LANGUAGE VERSION ............................... 170
OPTION I Anleihebedingungen für Schuldverschreibungen mit fester Verzinsung ............................ 171
OPTION II Anleihebedingungen für Schuldverschreibungen mit variabler und/oder
strukturierter Verzinsung ........................................................................................................................ 203
OPTION III Anleihebedingungen für Nul kupon-Schuldverschreibungen ........................................... 243
FORM OF FINAL TERMS (MUSTER ENDGÜLTIGE BEDINGUNGEN) ............................................ 276
DESCRIPTION OF RULES REGARDING RESOLUTIONS OF HOLDERS ......................................... 309
RAIFFEISENLANDESBANK OBERÖSTERREICH AKTIENGESELLSCHAFT .................................... 311
Independent Auditors ............................................................................................................................. 311
Incorporation ........................................................................................................................................... 311
Organisational Structure ......................................................................................................................... 311
Business Overview ................................................................................................................................. 312
Segment Reporting ................................................................................................................................. 312

6
Material adverse change in the prospects of the Issuer ......................................................................... 318
Management and Supervisory Bodies ................................................................................................... 318
Conflicts of Interest ................................................................................................................................. 320
Control ing Persons ................................................................................................................................ 322
Selected Historical Financial Information (based on IFRS consolidated financial statements) ............. 322
Financial Information concerning the Issuer's Assets and Liabilities, Financial Position and
Profits and Losses .................................................................................................................................. 323
Legal and Arbitration Proceedings ......................................................................................................... 323
Material Contracts .................................................................................................................................. 323
Third Party Information and Statement by Experts and Declarations of any Interest ............................ 325
Recent Events ........................................................................................................................................ 325
Known Trends affecting the Issuer and the Industries in which it operates ........................................... 325
TAXATION
...................................................................................................................................... 327
1. Federal Republic of Germany ............................................................................................................ 327
2. Republic of Austria ............................................................................................................................. 330
3. Grand Duchy of Luxembourg ............................................................................................................. 333
4. U.S. Foreign Account Tax Compliance Act Withholding .................................................................... 334
SELLING RESTRICTIONS..................................................................................................................... 335
General ................................................................................................................................................... 335
United States of America ........................................................................................................................ 335
European Economic Area....................................................................................................................... 336
United Kingdom of Great Britain and Northern Ireland .......................................................................... 337
Japan ................................................................................................................................................... 337
GENERAL INFORMATION .................................................................................................................... 338
Covered Bank Bonds .............................................................................................................................. 338
Use of Proceeds ..................................................................................................................................... 338
Green Bonds and Social Bonds ............................................................................................................. 338
Listing and Admission/Inclusion to Trading ............................................................................................ 338
Authorisation ........................................................................................................................................... 339
Interests of Natural and Legal Persons involved in the Issue/Offer ....................................................... 339
DOCUMENTS INCORPORATED BY REFERENCE ............................................................................. 340
DOCUMENTS AVAILABLE FOR INSPECTION .................................................................................... 342
GLOSSARY AND LIST OF ABBREVIATIONS ...................................................................................... 344

7
SUMMARY
Summaries are made up of disclosure requirements known as "Elements". These Elements are
numbered in Sections A E (A.1 E.7).
This summary (the "Summary") contains all the Elements required to be included in a summary for
this type of notes and issuer. Because some Elements are not required to be addressed, there may be
gaps in the numbering sequence of the Elements.
Even though an Element may be required to be inserted in this Summary because of the type of notes
and issuer, it is possible that no relevant information can be given regarding the Element. In this case,
a short description of the Element is included in this Summary with the mention of "Not applicable".
[The Summary contains options, characterised by square brackets or typesetting in italics (other than
the respective translations of specific legal terms), and placeholders regarding the Notes to be issued
under the Programme. The summary of the individual issue of Notes will include the options relevant
to this issue of Notes as determined by the applicable Final Terms and will contain the information,
which had been left blank, as completed by the applicable Final Terms.]1
Element
Section A Introduction and warnings
A.1
Warnings
Warning that:
this Summary should be read as an introduction to the
Prospectus;
any decision to invest in the Notes should be based on
consideration of the Prospectus as a whole by the
investor;
where a claim relating to the information contained in
the Prospectus is brought before a court, the plaintiff
investor might, under the national legislation of the
Member States, have to bear the costs of translating the
Prospectus, before the legal proceedings are initiated;
and
civil liability attaches only to Raiffeisenlandesbank
Oberösterreich Aktiengesel schaft (the "Issuer") which
has tabled this Summary including any translation
thereof, but only if this Summary is misleading,
inaccurate or inconsistent when read together with the
other parts of the Prospectus or it does not provide,
when read together with the other parts of the
Prospectus, key information in order to aid investors
when considering whether to invest in the Notes.
A.2
Consent to the use of the [Al credit institutions, which are authorised in the European
Prospectus
Union pursuant to the Directive 2013/36/EU, as amended
(the "Financial Intermediaries") and are subsequently
reselling or final y placing Notes issued under the Issuer's
Debt Issuance Programme (the "Programme") are entitled
to use the Prospectus in the Republic of Austria, the Grand
Duchy of Luxembourg, the Federal Republic of Germany or
such other Member State whose competent authorities
have been notified of the approval of the Prospectus in
accordance with the selling restrictions applicable for the
Programme for the subsequent resale or final placement of
the Notes during the offer period, as determined in the
applicable Final Terms, during which subsequent resale or

1 To be deleted in the issue-specific Summary.

8
final placement of the Notes can be made, provided
however, that the Prospectus is stil valid in accordance
with § 6a of the Austrian Capital Market Act
(Kapitalmarktgesetz KMG) which implements Directive
2003/71/EC, as amended. The Issuer accepts responsibility
for the information given in the Prospectus also with respect
to such subsequent resale or final placement of the Notes.
The Prospectus may only be delivered to potential investors
together with al supplements published before such
delivery. Any supplement to the Prospectus is available for
viewing in electronic form on the Issuer's website
(www .rlbooe.at).
When using the Prospectus, each Financial Intermediary
must make certain that it complies with al applicable laws
and regulations in force in the respective jurisdictions
[including with the restrictions specified in the
"PROHIBITION OF SALES TO EEA RETAIL INVESTORS"
legend set out on the cover page of the Final Terms]. The
Issuer is not liable for acts or omissions of Financial
Intermediaries.
In the event of an offer being made by a Financial
Intermediary the Financial Intermediary shall provide
information to investors on the terms and conditions of
the Notes at the time of that offer.]
[Not applicable. No consent has been given.]

Element
Section B Issuer
B.1
Legal and Commercial
Legal
Name:
Raiffeisenlandesbank
Oberösterreich
Name
Aktiengesel schaft
Commercial Name: RLB OÖ
B.2
Domicile / Legal Form /
Europaplatz 1a, A-4020 Linz / joint-stock company / Austria /
Legislation / Country of
Austria.
Incorporation / Legal
Entity Identifier (LEI)
RLB
OÖ's
Legal
Entity
Identifier
(LEI)
is
I6SS27Q1Q3385V753S50.
B.4b
Known Trends affecting
The European Central Bank ("ECB") directly supervises
the Issuer and the
RLB OÖ on a consolidated basis and at the level of the
Industries in which it
individual institution. Comprehensive supervisory powers,
operates
investigative powers, powers of intervention and the power
to impose sanctions have been conferred upon the ECB
under the Single Supervisory Mechanism (SSM). This may
significantly impair the business operations and financial
management of the Issuer and have a material effect on the
assets, business and results of operations of the Issuer.
Known trends affecting the Issuer and the industries in which
it operates are the difficult overal macroeconomic
environment with a further historically low level of interest
rates and the imminent technological changes in the financial
sector which have had and may continue to have a negative
impact on the Issuer's business activity and results of
operations, in particular also on the Issuer's capital costs.
Moreover, also any adverse developments of fully
consolidated or at equity reported subsidiaries could have a

9
negative impact on the Issuer's assets, financial position and
results of operations.
Further regulatory changes or enforcement initiatives could
affect the financial industry. New governmental or regulatory
requirements and changes in levels of adequate
capitalisation, liquidity and leverage could lead to increased
capital and liquidity requirements or standards. In addition,
stricter jurisdictions and interpretations of the courts and
administrative authorities may adversely affect the financial
sector.
B.5
Description of the Group
RLB OÖ is the parent undertaking. On 31 December 2018,
and the Issuer's position
the scope of consolidation of the Issuer has encompassed
within the Group
150 fully consolidated subsidiaries.
The Raiffeisen Banking Group Austria has a 3-tier structure:

The first tier is formed by independent and locally active
Raiffeisen banks.

The second tier consists of eight central provincial
banks
(Raiffeisen
Landesbanken,
the
"Raiffeisenlandesbanks") owned by the Raiffeisen
banks of the respective federal province. RLB OÖ is one
of the above mentioned Raiffeisenlandesbanks.

Raiffeisen Bank International AG ("RBI") forms the third
tier and is organised as a joint-stock company listed on
the
Vienna
Stock
Exchange.
The
Raiffeisen
Landesbanks as the majority shareholders of RBI hold
directly and/or indirectly about 58.8 per cent. of the
shares issued by RBI, whereby the Issuer holds around
9.51 per cent. The remaining RBI shares are in free
float. RBI defines Austria, where RBI operates as a
leading commercial and investment bank, and Central
and Eastern Europe as its home market.
B.9
Profit Forecast or
Not applicable. No profit forecasts or estimates are made.
estimate
B.10
Nature of any
Not applicable. The report of the independent auditor does
qualifications in the audit
not include any qualifications.
report on historical
financial information
B.12
Selected historical key financial information
Source: Annual Report 2018 of RLB OÖ, pages 41, 43
in mil ion EUR
31 December 2017
31 December 2018
Total assets
40,319
41,988
Liabilities*
35,915
37,535
Equity
4,404
4,453
Net interest income**
352
402
After-tax profit for the year
484
279
(of which attributable to equity
holders of the parent)
* Liabilities are calculated by subtracting equity from total assets.
** The amount of EUR 714 million disclosed in the Annual Report 2017 of the Issuer was adjusted by EUR 362
million (i.e. net income of companies accounted for using the at equity method) because the net income of

10
companies accounted for using the at equity method is separately disclosed as of the Annual Report 2018 of
the Issuer.
No material adverse
There has been no material adverse change in the prospects
change in the prospects
of the Issuer since 31 December 2018, the date of its last
of the Issuer
audited financial statements.
Significant change in the
Not applicable. There has been no significant change in the
financial and trading
financial and trading position of the Issuer since
position
31 December 2018.
B.13
Recent Events
Not applicable. There are no recent events particular to the
Issuer which are to a material extent relevant to the
evaluation of the Issuer's solvency.
B.14
Please see Element B.5
Statement of Dependency Not applicable. The Issuer is not dependent on other
companies of the group.
B.15
Principal Activities
RLB OÖ is a regional credit institute which is active as a
universal bank. The Issuer focuses its activities primarily on
its self-defined domestic market Austria and Southern
Germany. In addition, the Bank assists its customers with
export and international financing services.
RLB OÖ has divided its business into five core business
areas:
Corporates
Retail & Private Banking
Financial Markets
Equity Investments
Corporate Center
B.16
Controlling Persons

Raiffeisenbankengruppe OÖ Verbund eGen holds a direct participation of 98.92 per cent. in
RLB OÖ. Furthermore, RLB Holding eingetragene Genossenschaft OÖ holds directly 1.08
per cent. in RLB OÖ. RLB OÖ is indirectly controlled through Raiffeisenbankengruppe OÖ
Verbund eGen by the 80 Upper Austrian Raiffeisen banks, whereas none of them holds
more than 10 per cent. of the shares.
B.17
Credit Ratings of the
"Counterparty Risk Assessment Long-term": A3 (cr)
Issuer or its debt
"Counterparty Risk Assessment Short-term": P-2 (cr)