EANS-Adhoc: Österreichische Post AG / Reaches Agreement with the Austrian Government on Basis for Transferring Civil Servants to the Police Force

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Company Information

26.11.2009

Austrian Post Reaches Agreement with the Austrian Government on Basis
for Transferring Civil Servants to the Police Force

On November 12, 2009, the Supervisory Board of Austrian Post approved
the potential transfer of civil servants working for Austrian Post
whose jobs have been lost or are threatened to the federal
government. Before this actually occurs, the prerequisites have been
established to enable up to 1,000 civil servants employed by the two
companies Austrian Post and Telekom Austria to voluntarily transfer
to the Austrian Ministry of Internal Affairs in the years to come.

"This agreement is a significant step in the right direction. We now
have the opportunity to give civil servants losing their jobs at
Austrian Post new perspectives for the future. Austrian Post requires
a decreasing number of employees due to the ongoing reduction in mail
volumes. Now we will be able to more effectively deal with the
current structural change", says Austrian Post CEO Georg Pölzl.

The transfer to employment at the Ministry of Internal Affairs will
take place exclusively on a voluntary basis. Similar to the situation
of the 35 civil servants of Austrian Post who have already been
assigned to the ministry, they will only carry out administrative
duties on behalf of the police force. Following a training period,
these civil servants at Austrian Post will be permanently assigned to
work for the Austrian police after a maximum of nine months. Staff
costs will continue to be borne by Austrian Post until June 2014, and
then assumed by the federal government.

The expected positive financial effects on Austrian Post from 2014
onwards will depend on several different parameters, for example how
long the respective employees has been working for the company, and
how many employees accept employment at the Ministry of Internal
Affairs in reality. Any potential future consequences on the balance
sheet of Austrian Post in the next years will also depend on these
parameters, for example the necessity to allocate provisions for the
cost of employees transferring to the police force and whose salaries
will have to be assumed by Austrian Post until the middle of 2014. In
the case of affected employees for whom a provision for employee
under- utilisation was allocated in the past, this provision could be
released.

Vienna, November 26, 2009

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

Further inquiry note:

Österreichische Post AG

Leitung Investor Relations

DI Harald Hagenauer

Tel.: +43 57767-30400

harald.hagenauer@post.at

Leitung Konzernkommunikation

Mag. Manuela Bruck

Tel.: +43 577 67-21897

manuela.bruck@post.at

Konzernkommunikation/Pressesprecher

Michael Homola

Tel.: +43 577 67-32010

michael.homola@post.at

Branche: Transport
ISIN: AT0000APOST4
WKN: A0JML5
Index: ATX Prime, ATX
Börsen: Wien / stock market