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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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13.10.2011

The board of directors of Investkredit Bank AG announced today, that the planned
transfer of the banking business of Österreichische
Volksbanken-Aktiengesellschaft to Investkredit Bank AG by way of demerger
(announced on April 15, 2011) will not be effected in 2011. Regarding a possible
future combination of both companies no statement can be made at present.

The following issues are the five largest issues of Investkredit Bank AG
according to volume:

ISIN:
XS0220043367
AT0000322458
AT0000322722
AT0000165873
AT0000479027

Issues of Investkredit Bank AG are listed on the following stock exchanges:
Geregelter Freiverkehr der Wiener Börse AG 
Amtlicher Handel der Wiener Börse AG 
Geregelter Mart der Luxemburger Börse
Open Market der Börse Frankfurt


Further inquiry note:
Investkredit Bank AG
Mag. Julius Wallner
Tel.: +43 0 50 4004 - 4112
mailto:julius.wallner@investkredit.at

end of announcement                               euro adhoc 
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issuer:      Investkredit Bank AG
             Kolingasse 14 - 16
             A-1090 Wien
phone:       +43 1 504004 - 4207
FAX:         +43 1 504004 84207
mail:         invest@investkredit.at
WWW:      www.investkredit.at
sector:      Banking
ISIN:        -
indexes:     
stockmarkets: stock market: Wien 
language:   English