balance sheet as of december 31, 2003 - Raiffeisenlandesbank ...

CONFIRMATION OF THE MANAGEMENT BOARD
The Management Board approved this annual report during a board meeting on February 23, 2004.
THE MANAGEMENT BOARD
Chairman of the Management Board
Peter PÜSPÖK
Managing Director
Georg KRAFT-KINZ
Deputy Chairman
Robert GRUBER
Managing Director
Gerhard REHOR
AUDITOR'S CERTIFICATE
As there are no objections to report, the auditors grant an unrestricted audit certificate in accordance with § 274 Par. 1
of the Austrian Commercial Code to the unabbreviated German version of
RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG's annual report as of December 31, 2003.
After due examination, we certify that the accounting practices and annual financial statements comply with applicable legal regulations.
The financial statements provide a true and accurate picture of the company's assets, finances and earnings in accordance with
generally accepted principles. The operational review is consistent with the annual financial statements.
Vienna, March 8, 2004
ÖSTERREICHISCHER RAIFFEISENVERBAND
Olaf FUCHS
Association auditor
Manfred OEBEL
Association auditor, public accountant
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EXTERNAL AUDITOR'S CERTIFICATE
We have audited the annual financial statements and books of RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG
as of December 31, 2003 according to applicable regulations in Austria. The preparation and content of these financial statements
are the sole responsibility of the legal representatives of the company. Our responsibility lies in providing an audit statement
for these accounts on the basis of our audit.
We have audited these financial statements according to current Austrian regulations and business practices. These principles
set out that the audit be planned and carried out in order to provide an accurate judgment of whether the report is free of
false material statements. The audit was completed using random sampling to verify the amounts and other entries provided
in the financial statements, along with an assessment of the accounting principles applied and essential estimates made by
the company's legal representatives, as well as an approval of the financial statements' overall content.
We are of the opinion that our audit gives a reasonable basis for the auditor's judgment. As a result of the audit carried out,
we hereby grant the following unrestricted audit certificate:
"According to our audit, the bookkeeping records and financial statements comply with applicable legal regulations.
The financial statements provide a true and accurate picture of the company's assets, finances and earnings in accordance with
generally accepted principles. The operational review is consistent with the annual financial statements."
Vienna, March 8, 2004
ERNST & YOUNG
WIRTSCHAFTSPRÜFUNGS- UND STEUERBERATUNGSGESELLSCHAFT MBH
Alfred BROGYÁNYI
Auditor
Friedrich O. HIEF
Auditor
In accordance with § 277 Par. 2 of the Austrian Commercial Code, the financial statements will also be published
in the Official Gazette of the Wiener Zeitung and in the Raiffeisen Zeitung.