The Articles of Association of the Bank, the Export Guarantees Act (Ausfuhrförderungsgesetz), the Export Guarantees Decree 1981 (Ausfuhrförderungsverordnung 1981) and the Export Financing Guarantees Act (Ausfuhrfinanzierungsförderungsgesetz)

A photocopy of the resolution by the Board of Executive Directors of the Bank passed 3 September 2025 no. 7401 and a photocopy of the circular resolution by the Executive Committee of the Supervisory Board of the Bank dated 4 June 2025, no. 996

A photocopy of the Fiscal Agency Agreement dated 11 May 1998 as amended by the Supplemental Agency Agreement dated 30 September 2000

A photocopy of the underwriting agreement and purchase agreement dated 3 September 2025, the “Underwriting Agreement”

the Bank is a corporation (Aktiengesellschaft) duly incorporated and validly existing under the laws of Austria and has the corporate power and authority under such laws to incur the indebtedness evidenced by the Securities and to execute and deliver, and to perform all of its obligations under the Fiscal Agency Agreement and such Securities;

the Securities have been duly authorized by the Bank; on the assumption that (A) the Securities are in the form set forth as an exhibit to the Fiscal Agency Agreement examined by us, (B) the manual or facsimile signature of two members of the Board of Executive Directors (Vorstand) of the Bank, Mag. Helmut Bernkopf and Mag.^a Angelika Sommer-Hemetsberger, appear where contemplated on the Securities, and (C) the Securities have been duly authenticated by the Principal Paying and Fiscal Agent in accordance with the Fiscal Agency Agreement, when such Securities have been delivered and paid for as provided in the Underwriting Agreement, such Securities will have been duly issued, and, assuming the Securities are legal, valid, binding and enforceable under New York law, will be enforceable against the Bank in accordance with their terms, the civil procedure- and enforcement rules of Austria, except that the enforceability of the Securities may be limited by the effect of applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws affecting the enforcement of creditors’ rights generally;

the Guarantees have been duly authorized by the Republic in accordance with the Austrian Federal Constitution of 1920, as amended, and the laws, regulations and other legislative, administrative, governmental and judicial acts and determinations of the Republic subject to the compliance with the conditions set forth in Section 2 of the Export Financing Guarantees Act (Ausfuhrfinanzierungsförderungsgesetz); on the assumptions set forth in clause (ii) and on the further assumption that (A) the Guarantees are in the form set forth as an exhibit to the Fiscal Agency Agreement examined by us, (B) the manual or facsimile signature of Christoph Kreutler who is duly authorized by the Republic to execute and deliver the Guarantees appears where contemplated on the Guarantees, (C) the Securities have been delivered and paid for as provided in the Underwriting Agreement and (D) upon issuance of the Securities by the Bank the conditions of Section 2 of the Export Financing Guarantees Act are met with respect to such Securities, the Guarantees will have been duly issued, and, assuming the Guarantees are legal, valid, binding and enforceable under New York law, will be enforceable against the Republic in accordance with their terms, the civil procedure- and enforcement rules of Austria;

Mag. Helmut Bernkopf and Mag.^a Angelika Sommer-Hemetsberger, who are two members of the Board of Executive Directors (Vorstand) of the Bank, acting jointly, have the full power and authority to execute and deliver the Securities and the execution of the Securities by their manual or facsimile signatures is legal and valid;

the official of the Ministry of Finance of the Republic, duly authorized by the Republic to execute the Fiscal Agency Agreement and the Guarantees has full power and authority to execute the Fiscal Agency Agreement and the Guarantees.

/s/ Alexander Russ