OMV Aktiengesellschaft

EANS-News: OMV Aktiengesellschaft
OMV issues a Eurobond and extends its hedging strategy

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Capital measures/OMV / Oil / Gas / Austria


Wien (euro adhoc) - *OMV has further extended its average maturity of debt by
issuing a Eurobond with a volume of EUR 500 mn, a maturity of 10 years and a
coupon of 4.25%
*OMV is securing its strong liquidity position by extending its oil price and
USD hedging strategy into 2012

Today, OMV priced a Eurobond transaction, which is issued out of OMV's EUR 3 bn
Euro Medium Term Note Program (EMTN) - a funding program that allows OMV to
issue debt in the Euromarkets on a regular and continuous basis. The bond has a
volume of EUR 500 mn, a denomination of EUR 1,000, a coupon of 4.25% and a
maturity date of October 12, 2021. The order book was significantly
oversubscribed due to the strong interest from investors. OMV has applied for
listings in Luxembourg and Vienna. 

The proceeds are to be used for general corporate purposes and will extend the
average maturity of debt, therefore optimizing OMV´s debt structure.

In order to partly protect the Group's cash flow from the negative impact of
lower oil prices, derivative instruments have been used to hedge earnings in the
Exploration and Production business segment for 50,000 bbl/d in 2012. OMV has
entered into oil price swaps, locking in a Brent price of approx. USD 101.5/bbl
for a production volume of 50,000 bbl/d (thereof 30,000 bbl/d at Petrom level).
Furthermore, EUR-USD average rate forwards at USD 1.36 have been used to hedge
an exposure of approx. USD 750 mn, to reduce the currency volatility associated
with the Brent swap. 

David C. Davies, Deputy Chairman of the Executive Board and Chief Financial
Officer of OMV, said: "By taking the aforementioned measures, we are able to
strengthen our liquidity position and to maintain our competitive investment
grade credit rating. Through the bond issue, we have further improved our
maturity profile and again reduced the Group´s reliance on bank debt. Our
operational and financial strength as well as our healthy balance sheet allow us
to further pursue our growth strategy."
Background information: 

OMV Aktiengesellschaft
With Group sales of EUR 23.32 bn, a workforce of 31,398 employees in 2010, and a
current market capitalization of approximately EUR 7 bn, OMV Aktiengesellschaft
is one of Austria´s largest listed industrial companies. In Exploration and
Production, OMV is active in two core countries, Romania and Austria, and holds
a balanced international portfolio. OMV had proven oil and gas reserves of
approximately 1.15 bn boe as of year-end 2010 and a production of around 318,000
boe/d in 2010. In Gas and Power, OMV sold approximately 18 bcm of gas in 2010.
In Austria, OMV operates a 2,000 km long gas pipeline network with a marketed
capacity of around 89 bcm in 2010. With a trading volume of around 34 bcm in
2010, OMV´s gas trading platform, the Central European Gas Hub, is amongst the
most important hubs in Continental Europe. In Refining and Marketing, OMV has an
annual refining capacity of 22.3 mn t and, as of year-end 2010, approximately
4,800 filling stations in 13 countries including Turkey. OMV holds a 51% stake
in the Romanian energy company OMV Petrom S.A., a 36% stake in Borealis AG, one
of the world´s leading producers of polyolefins, in total 59% of EconGas GmbH
and 45% of the refining network Bayernoil. OMV further strengthened its position
through the ownership of a 97% stake in Petrol Ofisi, Turkey´s leading company
in the oil products retail and commercial business.

Disclaimer 
This press announcement constitutes neither an offer to sell nor a solicitation
to buy any securities. A prospectus according to directive 2003/71/EG and
regulation (EC) No. 809/2004, has been approved by the Commission de
Surveillance du Secteur Financier, Luxembourg (CSSF) on July 25, 2011 and
notified to the Austrian Financial Market Authority and the German Bundesanstalt
für Finanzdienstleistungsaufsicht. A prospectus supplement has been approved by
the Commission de Surveillance du Secteur Financier, Luxembourg (CSSF) on
October 4, 2011 and notified. The prospectus and the supplement have been
published on the homepage of the Luxembourg Stock Exchange (www.bourse.lu) and
is available free of charge at the principle office of OMV Aktiengesellschaft,
Trabrennstraße 6-8, 1020 Vienna. In connection with the offering of securities
of the issuer only the prospectus, as supplemented, shall be legally binding.
The information of this press announcement is not legally binding.

This press release and the information contained herein are not for distribution
in or into the United States of America and must not be distributed to U.S.
persons (as defined in Regulation S of the U.S. Securities Act of 1933, as
amended ("Securities Act")) or to publications with a general circulation in the
United States. This press release does not constitute an offer to sell or a
solicitation of an offer to purchase any securities in the United States. The
securities of OMV Aktiengesellschaft have not been and will not be registered
under the Securities Act and may not be offered, sold or delivered within the
United States or to U.S. persons absent registration under or an applicable
exemption from the registration requirements of the Securities Act. There will
be no public offer of securities of OMV Aktiengesellschaft in the United States.


Further inquiry note:
OMV
Investor Relations:
Tel. +43 1 40 440-21600
e-mail: investor.relations@omv.com

Media Relations:
Michaela Huber
Tel. +43 1 40 440-21661
e-mail: media.relations@omv.com
 
Internet Homepage: http://www.omv.com

end of announcement                               euro adhoc 
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company:     OMV Aktiengesellschaft
             Trabrennstraße  6-8
             A-1020 Wien
phone:       +43 1 40440/21600
FAX:         +43 1 40440/621600
mail:     investor.relations@omv.com
WWW:      http://www.omv.com
sector:      Oil & Gas - Downstream activities
ISIN:        AT0000743059
indexes:     ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English
 



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