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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
16.06.2016


S&P revised the outlook of HYPO Oberösterreich from stable to positive.
At the same time the A long- and the A-1 short-term ratings were affirmed.
The positive outlook reflects the  expected continuing  improvement of the
capital ratios through retained earnings as well as the status as
government-related entity (GRE) and the link to the State of Upper Austria.


The following ISINs of HYPO Oberösterreich are listed at the Vienna Stock
Exchange:  
AT0000A02YD5, AT0000A00B00, AT0000A03H84, XS0282374643, AT0000A0MS66, 
AT0000A09UX6, XS0289451246, AT0000A0T8Q2, AT0000A0UMY3, AT0000A01KH7,
AT0000A0RN41, AT0000A0R1N6, AT0000356704, AT0000358205, AT0000358189, 
AT0000133459, AT0000131966, AT0000356795, AT0000133467, XS0271859752, 
AT0000A1CJR9, AT0000A1BSR2, AT0000A1G7T2, AT0000A1G841, AT0000A1KJG5, 
AT0000A1GD60, AT0000A19SF6, AT0000A18S68, AT0000A16TL8, AT0000A14K52,
AT0000A16WS7, AT0000A174Q1, AT0000A18PY5, AT0000A18A01, AT0000A0X665

The following ISINs of HYPO Oberösterreich are listed at Luxembourg Stock
Exchange:  
XS0268054227, XS0266474799, XS0119033800, XS0274525319, XS0282133445, 
XS0282133874, XS0147573413, XS0272255869, XS0233951184

The following ISINs of HYPO Oberösterreich are listed at SIX Swiss Exchange:
CH0028695820
CH0027886453


Further inquiry note:
HYPO Oberösterreich
Christoph Zoitl 
Head of Treasury
+43 732 7639 54391  
christoph.zoitl@hypo-ooe.at
www.hypo.at

end of announcement                               euro adhoc 
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issuer:      Oberösterreichische Landesbank Aktiengesellschaft
             Landstraße  38
             A-4020 Linz
phone:       +43(0)732/7639
WWW:      www.hypo.at
sector:      Banking
ISIN:        -
indexes:     
stockmarkets: stock market: Luxembourg Stock Exchange, Wien, SIX Swiss Exchange 
language:   English