Report of the Supervisory Board

Further Crosslinks

• Preface by Alessandro Profumo

• www.unicredito.it

Introduction

In 2006, the Supervisory Board of Bank Austria Creditanstalt AG performed all its duties as defined by the law and the bye-laws with due regard to the Austrian Code of Corporate Governance, and held seven meetings. In addition, in nine cases, resolutions were passed by written circular votes. The credit committee of the Supervisory Board held five meetings during the reporting period, and passed resolutions by written circular votes in five cases. The committee for the audit, and the preparation regarding the adoption, of the financial statements, the proposal for the appropriation of profits and the management report (audit committee) held one meeting and passed resolutions by written circular votes in two cases. The strategy and nominations committee held one meeting and passed a resolution by written circular votes in one case.