EANS-Adhoc: KA Finanz AG / Result for the year 2011 / Capital cut / Capital increase

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25.04.2012

General Meeting of KA Finanz AG:
Capital cut with simultaneous capital increase

In accordance with its published agenda, today's General Meeting of
KA Finanz AG formally adopted the result for the year 2011 of KA
Finanz AG (KF). The decisions taken become legally effective upon
entry in the Companies' Register.

The business year closes with a net loss of EUR 534.4 million, after
an extraordinary income of EUR 609.5 million from a shareholder
contribution and a surety granted by the Republic of Austria, which
was recognised as income in the amount of EUR 235.0 million. The
result for the year includes impairment charges of EUR 1,034.3
million for the Greek exposure reported at the end of the year.

For further capitalisation of the bank, the general meeting decided
in favour of a simplified capital reduction (capital cut) with
simultaneous capital increase pursuant to §§ 182 ff in conjunction
with § 181 of the Companies Act, retroactive as of 31 December 2011.
The share capital and the participation capital of EUR 22.3 million
and EUR 434.1 million, respectively, were set to zero and EUR 337.0
million of appropriated and non-appropriated reserves were released.
Subsequently, the share capital was increased by the Republic of
Austria by EUR 389.0 million. Through these measures, the loss
carried forward from the 2011 result in the amount of EUR 534.4
million and from previous years in the amount of EUR 345.8 million
was reduced to EUR 85.8 million. Thus, KF's own funds as of 31
December 2011 total EUR 836.5 million, with a core capital of EUR
474.3 million. The total capital ratio is 12.9%, with a core capital
ratio of 7.3%.

After the required entry into the Companies' Register, the annual
report of KF will be published on the homepage of KA Finanz AG under
http://www.kafinanz.at.

Further information: German and English version
http://www.kafinanz.at

Language: Gerrman, English

Issuer: KA Finanz AG

Tuerkenstrasse 9
1092 Vienna
Austria
Phone: +43/1/310 06 06-678
E-mail: investorrelations@kafinanz.at
Internet:www.kafinanz.at

ISIN:
XS0285503248, XS0252707624, XS0270579856, AT0000320890, XS0431077550,
XS0422281252, AT0000329941, XS0354530593, XS0354531211, XS0354530916,
XS0286975973, XS0279423775, XS0257275098, AT0000441209, XS0185015541,
XS0144772927, XS0140045302, XS0518439756, XS0494852717, XS0472796076

Stock exchanges: Vienna, Luxembourg

For enquiries:
KA Finanz AG
Treasury - Investor Relations
Dinah Reiss
1092 Vienna, Tuerkenstrasse 9
Phone: +43/1/310 06 06-678
Fax: +43/1/310 06 06-404
E-mail: d.reiss@kafinanz.at

Issuer: KA Finanz AG

Further inquiry note:
KA Finanz AG
For enquiries:
KA Finanz AG
Treasury - Investor Relations
Dinah Reiss
1092 Vienna, Tuerkenstrasse 9
Phone: +43/1/310 06 06-678
Fax: +43/1/310 06 06-404
E-mail: d.reiss@kafinanz.at

end of announcement euro adhoc
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issuer: KA Finanz AG
Türkenstraße 9
A-1092 Wien
phone: +43/1/310 06 06
FAX: +43/1/310 06 06 - 404
mail: info@kafinanz.at
WWW: www.kafinanz.at
sector: Banking
ISIN: -
indexes:
stockmarkets: Regulated free trade: Wien, stock market: Luxembourg Stock Exchange
language: English