Österreichische Volksbanken-Aktiengesellschaft

EANS-Adhoc: ÖSTERREICHISCHE VOLKSBANKEN-AKTIENGESELLSCHAFT PUBLISHES THE RESULTS OF THE OFFER TO EXCHANGE SUPPLEMENTARY NOTES

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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
23.07.2013


NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO ANY PERSON RESIDENT AND/OR
LOCATED IN THE UNITED STATES OR TO ANY OTHER U.S. PERSON
23 July 2013
ÖSTERREICHISCHE VOLKSBANKEN-AKTIENGESELLSCHAFT (the "Issuer") hereby announces
the results of the invitation to make offers to exchange (the "Offer")the

following notes (the "Existing Notes")
            4% bis 7% OEVAG ERG.KAP.ANL.04/14  (ISIN: AT0000438569)
          10J.FRN Ergänzungskapitalanleihe 05-15 (ISIN: AT0000439708)
           4,17% Ergänzungskapitalanleihe 05-15 (ISIN: AT0000439716)
    Callable 13J.FRN Ergänzungskapitalanleihe 2005-2018 (ISIN: AT0000439732)
        Kündbare 4,35% Ergänzungskapital 2005-2018 (ISIN: AT0000440029)
  5,45% ÖVAG-Kündbare Ergänzungskapitalanleihe 2004-2019 (ISIN: AT0000438767)
  Callable FRN Ergänzungskapitalanleihe 2006-2019        (ISIN: AT000B052840)
     Step up to 8% Ergänzungskapital-Anleihe 2005-2020 (ISIN: AT0000439765)
      5,5% / 6,375% OEVAG kündbare ERG.KAP.ANL. 04/24 (ISIN: AT0000438551)
         5,65% / 6,375% OEVAG KB.ERG.KAP.AN.04/24 (ISIN: AT0000438577)
      Kündbare 4,81% Ergänzungskapitalanleihe 05-2025 (ISIN: AT0000439724)
     Kündbare 4,90% Ergänzungskapitalanleihe 2005-2025 (ISIN: AT0000439807)
 
into the following newly to be issued notes (the "New Notes"):
     Nachrangige FRN Schuldverschreibungen Volksbank AG 2013 - 2018  (ISIN:
                                 AT000B115902)
    Nachrangige FRN Schuldverschreibungen Volksbank AG 2013 - 2019   (ISIN:
                                 AT000B115910)
    Nachrangige FRN Schuldverschreibungen Volksbank AG 2013 - 2020   (ISIN:
                                 AT000B115928)
    Nachrangige FRN Schuldverschreibungen Volksbank AG 2013 - 2024   (ISIN:
                                 AT000B115936)
     Nachrangige FRN Schuldverschreibungen Volksbank AG 2013 - 2025  (ISIN:
                                 AT000B115944)
 
 
 
The conditions of the Offer were set out in the exchange offer memorandum dated
26 June 2013 (the "Exchange Offer Memorandum"). Terms used herein shall have the
same meaning as in the Exchange Offer Memorandum.
The Offer ended at 5:00 pm (CET) on 18 July 2013. The Issuer herewith publishes

the total principal amount of the Existing Notes exchanged in the Offer and the
newly to be issued New Notes pursuant to the Offer as follows:
 ______________________________________________________________________________

|  Existing Notes  |    Total     |Exchange ratio|  New Notes   |    Total     |
|                  |  principal   |     (%)      |              |  principal   |
|                  |amount of the |              |              |amount of the |
|                  |Existing Notes|              |              | New Notes to |
|                  |  that have   |              |              | be issued in |
|                  | participated |              |              |  the Offer   |
|                  |in the Offer  |              |              |    (EUR)     |
|__________________|____(EUR)_____|______________|______________|______________|
|4% bis 7% OEVAG   |    15.656.000|         49.97|Nachrangige   |              |
|ERG.KAP.ANL.04/14 |              |              |FRN Schuldver-|  7.823.303,20|
|                  |              |              |schreibungen  |              |
|                  |              |              |Volksbank AG  |              |
|                  |              |              |2013 - 2018   |              |
|__________________|______________|______________|______________|______________|
|10J.FRN           |    13.000.000|         35.83|Nachrangige   |              |
|Ergänzungs-       |              |              |FRN Schuldver-|  4.657.900,00|
|kapitalanleihe    |              |              |schreibungen  |              |
|05.15             |              |              |Volksbank AG  |              |
|                  |              |              |2013 - 2018   |              |
|__________________|______________|______________|______________|______________|
|4,17% Ergänzungs- |    20.000.000|         38.13|Nachrangige   |              |
|kapitalanleihe 05-|              |              |FRN Schuldver-|  7.626.000,00|
|15                |              |              |schreibungen  |              |
|                  |              |              |Volksbank AG  |              |
|                  |              |              |2013 - 2018   |              |
|__________________|______________|______________|______________|______________|
|Callable 13J.FRN  |    60.300.000|         31.38|Nachrangige   |              |
|Ergänzungs-       |              |              |FRN Schuldver-| 18.922.140,00|
|kapitalanleihe    |              |              |schreibungen  |              |
|2005-2018         |              |              |Volksbank AG  |              |
|                  |              |              |2013 - 2018   |              |
|__________________|______________|______________|______________|______________|
|Kündbare 4,35%    |    10.000.000|         37.28|Nachrangige   |              |
|Ergänzungs-       |              |              |FRN Schuldver-|  3.728.000,00|
|kapitalanleihe    |              |              |schreibungen  |              |
|2005-2018         |              |              |Volksbank AG  |              |
|                  |              |              |2013 - 2018   |              |
|__________________|______________|______________|______________|______________|
|5,45% ÖVAG-       |     4.720.000|         48.35|Nachrangige   |              |
|Kündbare          |              |              |FRN Schuldver-|  2.282.120,00|
|Ergänzungs-       |              |              |schreibungen  |              |
|kapitalanleihe    |              |              |Volksbank AG  |              |
|2004-2019         |              |              |2013 - 2019   |              |
|__________________|______________|______________|______________|______________|
|Callable FRN      |    12.000.000|         23.80|Nachrangige   |  2.856.000,00|
|Ergänzungs-       |              |              |FRN Schuldver-|              |
|kapitalanleihe    |              |              |schreibungen  |              |
|2006-2019         |              |              |Volksbank AG  |              |
|                  |              |              |2013 - 2019   |              |
|__________________|______________|______________|______________|______________|
|Step up to 8%     |     1.835.000|         43.64|Nachrangige   |              |
|Ergänzungskapital-|              |              |FRN Schuldver-|    800.794,00|
|Anleihe 2005-2020 |              |              |schreibungen  |              |
|                  |              |              |Volksbank AG  |              |
|                  |              |              |2013 - 2020   |              |
|__________________|______________|______________|______________|______________|
|5,5% / 6,375%     |    32.900.000|         55.11|Nachrangige   |              |
|OEVAG kündbare    |              |              |FRN Schuldver-| 18.131.190,00|
|ERG.KAP.ANL. 04/24|              |              |schreibungen  |              |
|                  |              |              |Volksbank AG  |              |
|                  |              |              |2013 - 2024   |              |
|__________________|______________|______________|______________|______________|
|5,65% / 6,375%    |    21.000.000|         54.77|Nachrangige   |              |
|OEVAG             |              |              |FRN Schuldver-| 11.501.700,00|
|KB.ERG.KAP.AN.04/ |              |              |schreibungen  |              |
|24                |              |              |Volksbank AG  |              |
|                  |              |              |2013 - 2024   |              |
|__________________|______________|______________|______________|______________|
|Kündbare 4,81%    |    33.400.000|         42.04|Nachrangige   |              |
|Ergänzungs-       |              |              |FRN Schuldver-| 14.041.360,00|
|kapitalanleihe 05-|              |              |schreibungen  |              |
|2025              |              |              |Volksbank AG  |              |
|                  |              |              |2013 - 2025   |              |
|__________________|______________|______________|______________|______________|
|Kündbare 4,90%    |     7.000.000|         42.22|Nachrangige   |              |
|Ergänzungs-       |              |              |FRN Schuldver-|  2.955.400,00|
|kapitalanleihe    |              |              |schreibungen  |              |
|2005-2025         |              |              |Volksbank AG  |              |
|                  |              |              |2013 - 2025   |              |
|__________________|______________|______________|______________|______________|


 
The day of the expected settlement of the Offer is 26 July 2013. Holders whose
exchange offer has been accepted by the Issuer will receive the New Notes by way
of book transfer on the settlement day in accordance with the Exchange Offer
Memorandum.
After the conclusion of the Offer, the Existing Notes will remain outstanding in
the following principal amounts:
 
 _____________________________________________________________________________

|             Existing Notes             |   Total principal amount of the    |
|                                        |  outstanding Existing Notes after  |
|                                        |   conclusion of the Offer (EUR)    |

|________________________________________|____________________________________|
|4% bis 7% OEVAG ERG.KAP.ANL.04/14       |16.380.000                          |
|________________________________________|____________________________________|
|10J.FRN Ergänzungskapitalanleihe 05.15  |4.100.000                           |
|________________________________________|____________________________________|
|4,17% Ergänzungskapitalanleihe 05-15    |1.000.000                           |
|________________________________________|____________________________________|
|Callable 13J.FRN                        |2.900.000                           |
|Ergänzungskapitalanleihe 2005-2018      |                                    |
|________________________________________|____________________________________|
|Kündbare 4,35% Ergänzungskapital 2005-  |0                                   |
|2018                                    |                                    |
|________________________________________|____________________________________|
|5,45% ÖVAG-Kündbare                     |30.000                              |
|Ergänzungskapitalanleihe 2004-2019      |                                    |
|________________________________________|____________________________________|
|Callable FRN Ergänzungskapitalanleihe   |0                                   |
|2006-2019                               |                                    |
|________________________________________|____________________________________|
|Step up to 8% Ergänzungskapital-Anleihe |4.685.000                           |
|2005-2020                               |                                    |
|________________________________________|____________________________________|
|5,5% / 6,375% OEVAG kündbare            |0                                   |
|ERG.KAP.ANL. 04/24                      |                                    |
|________________________________________|____________________________________|
|5,65% / 6,375% OEVAG KB.ERG.KAP.AN.04/24|0                                   |
|________________________________________|____________________________________|
|Kündbare 4,81% Ergänzungskapitalanleihe |1.100.000                           |
|05-2025                                 |                                    |
|________________________________________|____________________________________|
|Kündbare 4,90% Ergänzungskapitalanleihe |500.000                             |
|2005-2025                               |                                    |
|________________________________________|____________________________________|

 
Further Information
A comprehensive description of the terms and conditions of the Offer may be
found in the Exchange Offer Memorandum. Questions in connection with the Offer
shall be directed to the Issuer:
 

                                     ISSUER
                 Österreichische Volksbanken-Aktiengesellschaft
                                Kolingasse 14-16
                                  1090 Vienna
                                    Austria
               http://www.volksbank.com/investor_relations
                     investorrelations@volksbank.com
 

This announcement must be read in conjunction with the Exchange Offer
Memorandum. No invitation to acquire or exchange any Notes or to make such an
offer is being made pursuant to this announcement.
Selling Restrictions
This notice does not constitute an offer to exchange or buy or a solicitation of
an offer to exchange or sell any Notes in any jurisdiction. The distribution of
this notice may in certain jurisdictions be restricted by law or regulation.
Persons into whose possession this notice comes are required by the Issuer 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:
ISIN:
AT000B053442  
AT000B115704  
AT000B056544  
AT000B058011  
AT000B057492
 
The issues of Österreichische Volksbanken-Aktiengesellschaft are admitted on the
following stock exchanges:
 
Regulated unofficial market of Wiener Börse AG
Official trading of Wiener Börse AG  
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 4004-3864 
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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