Österreichische Volksbanken-Aktiengesellschaft

EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft
Preparation of buyback programme for non-subordinated liabilities has begun

  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
Strategic management decisions/C.E.O. Interviews

Oesterreichische Volksbanken-Aktiengesellschaft, Kolingasse 14-16, 1090 Wien,
company register number 116476p (VBAG) is now in the process of preparing for
the demerger and continued operation of VBAG as a wind-down entity pursuant to
Section 162 of the Federal Act on the Recovery and Resolution of Banks
(Bundesgesetz über die Sanierung und Abwicklung von Banken). The regulatory and
official approvals needed for this purpose are not yet available. Concerning the
envisaged procedure for the demerger and continued operation of VBAG as a
wind-down entity, VBAG refers to information published on its website.
Provided the demerger is legally effective and the continued operation of VBAG
as a wind-down entity is approved by the relevant authorities, VBAG must reduce
the portfolio optimally and as quickly as possible. Therefore, VBAG's Managing
Board has today prudentially decided to begin preparing a buyback programme for
liabilities. In this context, VBAG is also publishing updated information about
the institution, particularly planning assumptions for those business areas that
will remain part of the wind-down entity "immigon portfolioabbau ag" after the
demerger. Due to the fact, that the demerger of VBAG is still subject to
regulatory approval, and it will not be known until the end of the 2015 business
year whether the planning assumptions have been realised, no definite statement
can be made at the present time regarding the development of earnings set out in
the planning.

The information mentioned above is available on VBAG's website,
http://www.volksbank.com/investor-relations under Group
information/Presentations. VBAG will continually update this information about
the institution and publish it on VBAG's website as appropriate. Any buyback
will take place by way of a public offer to investors and will only concern
non-subordinated liabilities. VBAG will make a separate announcement in due
course regarding the actual implementation of a buyback programme, including the
liabilities concerned.

Listed participation capital issues of Österreichische Volksbanken-AG:

AT0000755665 Österreichische Volksbanken-AG Partizipationsscheine XS0359924643  
    EUR 500,000,000 Perpetual Non Cumulative Participation Capital Certificates
(issued on a fiduciary basis by Banque de Luxembourg)

The five largest listed issues of Österreichische Volksbanken-AG by issuance


The issues of Österreichische Volksbanken-AG are admitted on the following stock
Second Regulated 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:
Petra Roth
Österreichische Volksbanken-AG
Mobil: 0664 6129223
Mail to: petra.roth@volksbank.com

Kontakt Institutional Investor Relations:
Karl Kinsky: 0043 504004-3338
Manuela Elsensohn-Pauser: 0043 504004-3187
Mail to: investorrelations@volksbank.com

end of announcement                               euro adhoc 

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 
language:   English

Weitere Meldungen: Österreichische Volksbanken-Aktiengesellschaft

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