EANS-News: OMV Aktiengesellschaft / OMV issues a Eurobond and extends its hedging strategy

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Capital measures/OMV / Oil / Gas / Austria

Wien (euro adhoc) - *OMV has further extended its average maturity of
debt by issuing a Eurobond with a volume of EUR 500 mn, a maturity of
10 years and a coupon of 4.25% *OMV is securing its strong liquidity
position by extending its oil price and USD hedging strategy into
2012

Today, OMV priced a Eurobond transaction, which is issued out of
OMV's EUR 3 bn Euro Medium Term Note Program (EMTN) - a funding
program that allows OMV to issue debt in the Euromarkets on a regular
and continuous basis. The bond has a volume of EUR 500 mn, a
denomination of EUR 1,000, a coupon of 4.25% and a maturity date of
October 12, 2021. The order book was significantly oversubscribed due
to the strong interest from investors. OMV has applied for listings
in Luxembourg and Vienna.

The proceeds are to be used for general corporate purposes and will
extend the average maturity of debt, therefore optimizing OMV´s debt
structure.

In order to partly protect the Group's cash flow from the negative
impact of lower oil prices, derivative instruments have been used to
hedge earnings in the Exploration and Production business segment for
50,000 bbl/d in 2012. OMV has entered into oil price swaps, locking
in a Brent price of approx. USD 101.5/bbl for a production volume of
50,000 bbl/d (thereof 30,000 bbl/d at Petrom level). Furthermore,
EUR-USD average rate forwards at USD 1.36 have been used to hedge an
exposure of approx. USD 750 mn, to reduce the currency volatility
associated with the Brent swap.

David C. Davies, Deputy Chairman of the Executive Board and Chief
Financial Officer of OMV, said: "By taking the aforementioned
measures, we are able to strengthen our liquidity position and to
maintain our competitive investment grade credit rating. Through the
bond issue, we have further improved our maturity profile and again
reduced the Group´s reliance on bank debt. Our operational and
financial strength as well as our healthy balance sheet allow us to
further pursue our growth strategy." Background information:

OMV Aktiengesellschaft With Group sales of EUR 23.32 bn, a workforce
of 31,398 employees in 2010, and a current market capitalization of
approximately EUR 7 bn, OMV Aktiengesellschaft is one of Austria´s
largest listed industrial companies. In Exploration and Production,
OMV is active in two core countries, Romania and Austria, and holds a
balanced international portfolio. OMV had proven oil and gas reserves
of approximately 1.15 bn boe as of year-end 2010 and a production of
around 318,000 boe/d in 2010. In Gas and Power, OMV sold
approximately 18 bcm of gas in 2010. In Austria, OMV operates a 2,000
km long gas pipeline network with a marketed capacity of around 89
bcm in 2010. With a trading volume of around 34 bcm in 2010, OMV´s
gas trading platform, the Central European Gas Hub, is amongst the
most important hubs in Continental Europe. In Refining and Marketing,
OMV has an annual refining capacity of 22.3 mn t and, as of year-end
2010, approximately 4,800 filling stations in 13 countries including
Turkey. OMV holds a 51% stake in the Romanian energy company OMV
Petrom S.A., a 36% stake in Borealis AG, one of the world´s leading
producers of polyolefins, in total 59% of EconGas GmbH and 45% of the
refining network Bayernoil. OMV further strengthened its position
through the ownership of a 97% stake in Petrol Ofisi, Turkey´s
leading company in the oil products retail and commercial business.

Disclaimer This press announcement constitutes neither an offer to
sell nor a solicitation to buy any securities. A prospectus according
to directive 2003/71/EG and regulation (EC) No. 809/2004, has been
approved by the Commission de Surveillance du Secteur Financier,
Luxembourg (CSSF) on July 25, 2011 and notified to the Austrian
Financial Market Authority and the German Bundesanstalt für
Finanzdienstleistungsaufsicht. A prospectus supplement has been
approved by the Commission de Surveillance du Secteur Financier,
Luxembourg (CSSF) on October 4, 2011 and notified. The prospectus and
the supplement have been published on the homepage of the Luxembourg
Stock Exchange (www.bourse.lu) and is available free of charge at the
principle office of OMV Aktiengesellschaft, Trabrennstraße 6-8, 1020
Vienna. In connection with the offering of securities of the issuer
only the prospectus, as supplemented, shall be legally binding. The
information of this press announcement is not legally binding.

This press release and the information contained herein are not for
distribution in or into the United States of America and must not be
distributed to U.S. persons (as defined in Regulation S of the U.S.
Securities Act of 1933, as amended ("Securities Act")) or to
publications with a general circulation in the United States. This
press release does not constitute an offer to sell or a solicitation
of an offer to purchase any securities in the United States. The
securities of OMV Aktiengesellschaft have not been and will not be
registered under the Securities Act and may not be offered, sold or
delivered within the United States or to U.S. persons absent
registration under or an applicable exemption from the registration
requirements of the Securities Act. There will be no public offer of
securities of OMV Aktiengesellschaft in the United States.

Further inquiry note:
OMV
Investor Relations:
Tel. +43 1 40 440-21600
e-mail: investor.relations@omv.com

Media Relations:
Michaela Huber
Tel. +43 1 40 440-21661
e-mail: media.relations@omv.com

Internet Homepage: http://www.omv.com

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

company: OMV Aktiengesellschaft
Trabrennstraße 6-8
A-1020 Wien
phone: +43 1 40440/21600
FAX: +43 1 40440/621600
mail: investor.relations@omv.com
WWW: http://www.omv.com
sector: Oil & Gas - Downstream activities
ISIN: AT0000743059
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English