EANS-Adhoc: Kommunalkredit Austria AG / Mid-Year Results

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announcement.
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6-month report

26.08.2009

Kommunalkredit Austria AG will present its results for the first half
of 2009 by 31 August 2009.

As of mid-2009, the solo financial statements according to the new
Austrian Commercial Code show a negative result of EUR 115.9 million.
The Company also expects to close the full year as of 31 December
2009 with a negative result. On the basis of the accounting rules of
the new Austrian Commercial Code, the results are of relevance for
distributions on profit-dependent capital instruments.
Profit-building appropriations of reserves are not possible.
Consequently, coupon payments on profit-dependent capital instruments
(supplementary capital, hybrid capital, participation capital) of
Kommunalkredit Austria AG will presumably not be made in 2010.

Moreover, the participation capital of Kommunalkredit Austria AG will
carry a pro-rata share in the loss in the second half of 2009
according to the accounting rules of the new Austrian Commercial
Code.

The consolidated mid-year after-tax results according to IFRS will be
positive. This has no impact on distributions on profit-dependent
capital instruments. Consolidated equity according to IFRS as shown
on the balance sheet is negative at EUR 490.1 million, while
regulatory own funds total EUR 1,035.5 million; hence, the total
capital ratio stands at 12.4%, with a core capital ratio of 8.3%.

As already reported and subject to approval by the European
Commission, Kommunalkredit Austria AG is to be split up in the second
half of 2009 in the course of the ongoing restructuring process, with
equivalent rights being granted to the holders of capital instruments
of Kommunalkredit Austria AG. The ultimate effect of the split-up on
coupon payments on the profit-dependent capital instruments of
Kommunalkredit Austria AG is an open issue.

The 2009 Mid-Year Report will be available on the Internet by 31
August, at the latest, under: www.kommunalkredit.at/halbjahr (english
site)

Language: English, German

Issuer: Kommunalkredit Austria AG
Türkenstraße 9
1092 Vienna
Austria
Phone: +43/1/31 6 31-640
Mail: investorrelations@kommunalkredit.at
Internet: www.kommunalkredit.at

ISIN: XS0285503248
XS0252707624
DE000A0DHT43
XS0270579856
AT0000320890
AT0000329966

Stock exchanges: Vienna, Luxembourg, Amsterdam, Frankfurt

Issuer: Kommunalkredit Austria AG

end of announcement euro adhoc
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ots Originaltext: Kommunalkredit Austria AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Kommunalkredit Austria AG

Treasury - Financial Markets

Thomas Fendrich

1092 Vienna, Türkenstraße 9

Phone: +43/1/31 6 31-640

Fax: +43/1/31 6 31-505 or 99640

Mail: t.fendrich@kommunalkredit.at

Branche: Banking
ISIN:
WKN:
Börsen: Wien / stock market