EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft / Clarification

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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28.02.2012

For clarification purposes VBAG announces that due to the strategic
corporate decision agreed by the Republic of Austria, the owners and
VBAG to approve a cut in capital effective 31 December 2011 and to
reduce the participation capital held by the Republic of Austria not
more than 70 %, this cut in capital will as well affect the investors
of other participation capital issues of VBAG (ISIN AT0000755665,
XS0359924643 and AT0000A018V0). These issues will be reduced by the
same ratio as the participation capital held by the Republic of
Austria.

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:
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: Regulated free trade: Wien, stock market: Prague Stock Exchange
language: English