Österreichische Volksbanken-Aktiengesellschaft

EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft
RELATING TO THE RESULTS OF AN INVITATION TO OFFER TO SELL FOR CASH

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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other
19.12.2012


NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO ANY PERSON RESIDENT AND/OR
LOCATED IN THE UNITED STATES OR TO ANY U.S. PERSON

Final results of the invitation to holders of the "EUR 300,000,000 Subordinated
Lower Tier II Notes due November 2016" (ISIN: XS0275528627) issued by
ÖSTERREICHISCHE VOLKSBANKEN-AKTIENGESELLSCHAFT

Österreichische Volksbanken-Aktiengesellschaft announces (i) that the Regulatory
Condition (as defined in the Invitation Memorandum dated 10 December 2012(the
"Invitation Memorandum") has been fulfilled and (ii) the final results of its
invitation to the holders of its outstanding "EUR 300,000,000 Subordinated Lower
Tier II Notes due November 2016" (ISIN: XS0275528627) issued under the Euro
6,000,000,000 Debt Issuance Programme dated 14 June 2006 by the Issuer (the
"Notes") to tender for the purchase for cash (the "Offer") any and all of the
outstanding Notes.
 
Capitalised terms used in this announcement have the meanings ascribed to them
in the Invitation Memorandum.
 
The Offer expired at 5.00 p.m. (CET) on 18 December 2012. The Issuer hereby
announces the pricing and acceptance of the Offer as follows:
 
Aggregate principal amount of Notes accepted: EUR 211,600,000

Purchase Price   EUR 37,500 per EUR 50,000 in principal amount
Accrued Interest EUR 33.19 per EUR 50,000 in principal amount
 
The Settlement Date for the Offer is expected to be 21 December 2012.
 
Holders of Notes whose offers to purchase have been accepted by ÖVAG will
receive on the Settlement Date EUR 37,533.19 per EUR 50,000 principal amount.

Following the completion of the Offer, the aggregate principal amount of the
Notes that will remain outstanding will be EUR 88,400,000.

For further information:
A complete description of the terms and conditions of the Invitation is set out
in the Invitation Memorandum. Further details about the transaction can be
obtained from:
                           THE JOINT DEALER MANAGERS


              BNP Paribas                    Österreichische Volksbanken-
          10 Harewood Avenue                      Aktiengesellschaft
            London NW1 6AA                         Kolingasse 14-16
            United Kingdom                            1090 Vienna
    For information by telephone:                       Austria
           +44 20 7595 8668                 For information by telephone:
Attention: Liability Management Group             +43(0)50 4004-3338
                email:                      Attention: Mr Karl Kinsky, MBA
  liability.management@bnpparibas.comemail: investorrelations@volksbank.com

 
                                THE TENDER AGENT
                         Lucid Issuer Services Limited
                         Leroy House, 436 Essex Road,
                            London N1 3QP, England,
                                 Great Britain
                 For information by telephone: +44 20 7704 0880
                     Attention: Yves Theis / Paul Kamminga

                          email:volksbank@lucid-is.com
 
Neither of the Joint Dealer Managers takes responsibility for the contents of
this announcement. This announcement must be read in conjunction with the
Invitation Memorandum. No Invitation to acquire any Notes is being made pursuant
to this announcement.
 
The distribution of the Invitation Memorandum in certain jurisdictions is
restricted by law. Persons into whose possession the Invitation Memorandum comes
are required by ÖVAG, the Dealer Managers and the Tender Agent to inform
themselves about, and to observe, any such restrictions.
 
The five biggest listed issues of Österreichische Volksbanken-Aktiengesellschaft
in terms of issue volume are:
ISIN:
XS0451759012
XS0417722393
AT000B053442
XS0275528627
AT000B061437

The issues of Österreichische Volksbanken-Aktiengesellschaft are admitted on the
following stock exchanges:
Second Regulated market of Wiener Börse AG
Official trading of Wiener Börse AG
Regulated market of Baden-Württembergische Wertpapierbörse
Regulated market of the Prague Stock Exchange
Regulated market of the Luxembourg Stock Exchange
Open Market of Berlin Stock Exchange
Open Market of Stuttgart Stock Exchange
Open Market of Frankfurt Stock Exchange


Further inquiry note:
Walter Gröblinger
Tel.: +43/ (0) 50 4004-0
E-Mail: walter.groeblinger@volksbank.com

end of announcement                               euro adhoc 
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issuer:      Österreichische Volksbanken-Aktiengesellschaft
             Kolingasse  14-16
             A-1090 Wien
phone:       +43 0 50 4004-0
WWW:      www.volksbank.com
sector:      Banking
ISIN:        AT0000755665
indexes:     Standard Market Auction
stockmarkets: Regulated free trade: Wien, stock market: Prague Stock Exchange 
language:   English
 



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