EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft expects negative result in single entity accounts for 2012 / no interest payments on supplement...

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09.11.2012

The board of directors of Österreichische Volksbanken-Aktiengesellschaft (VBAG) announces that the single entity result (according to local GAAP) for the business year 2012 will be negative within a clearly double-digit million euro bandwidth. Due to different accounting rules between the single entity accounts (local GAAP) and the consolidated group accounts (IFRS), the latter will show a triple-digit million euro profit. Mainly responsible for the difference between the single entity result (local GAAP) and the IFRS result is the different accounting treatment and timely realization of the capital reduction on the participation capital issue 2008. Contrary to the single entity result, the participation capital issue 2008 is treated as a liability in the IFRS consolidated group accounts. The capital reduction on this instrument is therefore realized in the IFRS consolidated profit and loss statement as per September 28, 2012. In the single entity accounts the capital reduction was realized retroactively as per December 31, 2012.

Due to the expected difficult economic environment and the resulting deductions on the run-down portfolio, interest payments on supplementary capital (Ergänzungskapital) should not be expected for the years 2013 and 2014.

Stock exchange listed issues of participation capital issued by Österreichische Volksbanken-Aktiengesellschaft:

ISIN: 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 biggest listed issues of Österreichische Volksbanken-Aktiengesellschaft in terms of issue volume:

ISIN: XS0417722393 AT000B053442 XS0275528627 AT000B114905 AT000B056544

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 Baden-Württembergische Wertpapierbörse Regulated market of the Prague Stock Exchange RM-SYSTÉM Czech Stock Exchange 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

end of announcement euro adhoc =-------------------------------------------------------------------------------

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   November 09, 2012 14:41 ET (19:41 GMT)- - 02 41 PM EST 11-09-12