OMV Aktiengesellschaft

euro adhoc: OMV Aktiengesellschaft
Restructuring & Recapitalisations
OMV announces prices and volumes of share capital increase and convertible bond issue

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- Share Price: EUR 219 - The issue and initial conversion price of the convertible bond was set at EUR 306.6 and the coupon was set at 1.5%

The Executive Board of OMV Aktiengesellschaft (ISIN AT0000743059), with the approval of the Supervisory Board, has decided to increase the share capital through the issuance of 3 million new shares. The issue price per share was set at EUR 219. Further, the Executive Board of OMV Aktiengesellschaft, with the approval of the Supervisory Board, has decided to issue 1,793,868  convertible bonds (ISIN AT0000342647) in an aggregate principal amount of approximately EUR 550 million, each bond initially convertible into one share of OMV Aktiengesellschaft.  The issue price, initial conversion price and principal amount per convertible bond was set at EUR 306.6. The coupon was set at 1.5%.

12% of the offering of the new shares and 2% of the offering of the convertible bonds were taken up by existing shareholders through an exercise of subscription rights.

The new shares and the convertible bonds are expected to start trading in the Official Market of the Vienna Stock Exchange on December 22, 2004.

This statement does not constitute an offer or invitation to subscribe for or purchase any securities.  The securities offered by OMV Aktiengesellschaft have not been and will not be registered under the United States securities laws and may not be offered, sold or delivered within the United States or to United States persons absent registration under or an applicable exemption from the registration requirements of the United States securities laws.

end of announcement                                euro adhoc 17.12.2004 07:36:28
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Further inquiry note: OMV Investor Relations: Ana-Barbara Kuncic Tel. +43 1 40 440-21443; e-mail: investor.relations@omv.com Press: Bettina Gneisz-Al-Ani Tel. +43 1 40 440-21660; e-mail: bettina.gneisz@omv.com Thomas Huemer Tel. +43 1 40 440-21660; e-mail: thomas.huemer@omv.com

Internet Homepage: http://www.omv.com

Branche: Oil & Gas - Downstream activities
ISIN:      AT0000743059
WKN:        
Index:    ATX Prime, ATX
Börsen:  London Stock Exchange / official dealing
              Frankfurter Wertpapierbörse / official dealing
              Bayerische Börse / official dealing
              Wiener Börse AG / official dealing



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