EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft / no payments on profit-related instruments for the 2011 business year

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Company Information

20.09.2011

The management board of Österreichische Volksbanken AG (VBAG)
announces that due to the increasingly difficult economic environment
a payment on profit-related instruments (shares, participation
capital, hybrid capital and supplementary capital) in 2012 for the
2011 business year is unlikely from today´s viewpoint.

According to a current forecast the main reasons for the profit
warning are an increasingly difficult economic environment which
negatively affected the valuation of participations (VB Romania), the
sale of participations as well as an earnings forecast impacted by
potential additional financial burdens (e.g. measures by the
Hungarian government with respect to foreign currency loans).

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

The five biggest listed issues of Österreichische Volksbanken-Aktiengesellschaft
in terms of issue volume:
ISIN:
XS0451759012
XS0417722393
XS0412533399
XS0271095357
AT000B053442

The issues of Österreichische Volksbanken-Aktiengesellschaft are
admitted on the following stock exchanges: Second Regulated market of
Wiener Börse AG Official trading of Wiener Börse AG EUWAX segment of
Baden-Württembergische Wertpapierbörse Regulated market of
Baden-Württembergische Wertpapierbörse Regulated market of the Prague
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

Further inquiry note:
Ansprechpartner:

Walter Gröblinger

Tel.: +43/ (0) 50 4004-0

E-Mail: walter.groeblinger@volksbank.com

end of announcement euro adhoc
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issuer: Österreichische Volksbanken-Aktiengesellschaft
Kolingasse 19
A-1090 Wien
phone: +43 0 50 4004-0
WWW: www.volksbank.com
sector: Banking
ISIN: AT0000755665
indexes: Standard Market Auction
stockmarkets: stock market: Prague Stock Exchange, official market: Wien
language: English