EANS-Adhoc: Investkredit Bank AG / ÖSTERREICHISCHE VOLKSBANKEN-AG AND INVESTKREDIT ANNOUNCE RESULTS OF INVITATION FOR OFFERS TO SELL NOTES

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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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29.06.2012

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO ANY PERSON RESIDENT
AND/OR LOCATED IN THE UNITED STATES OR TO ANY U.S. PERSON On 14 June
2012, Österreichische Volksbanken-Aktiengesellschaft ("ÖVAG") and
Investkredit Funding Ltd ("Investkredit") announced that ÖVAG was
inviting holders of the EUR50,000,000 subordinated non-cumulative
Limited Recourse Notes (ISIN: DE0009576108 and WKN: 957 610) issued
by Investkredit on 28 November 2002 (the "Notes") to offer to sell
any and all of their Notes to ÖVAG for cash (the "Invitation"). The
terms and conditions of the Invitation are set out in the Invitation
Memorandum dated 14 June 2012 (the "Invitation Memorandum").
Capitalised terms used in this announcement have the meanings
ascribed to them in the Invitation Memorandum. Invitation The
Invitation expired at 5 p.m., CET, on 28 June 2012. ÖVAG intends to
accept for purchase all Notes validly offered for sale. Accordingly,
ÖVAG accepts for purchase EUR24,931,000 in aggregate nominal amount
of the Notes. Noteholders whose offers to sell have been accepted by
ÖVAG will receive EUR400 per EUR1,000 nominal amount of the Notes and
the Accrued Interest Payment, in immediately available funds in cash
on the Settlement Date. Following the completion of the Invitation,
the aggregate nominal amount of the Notes that will remain
outstanding will be EUR25,069,000. The Settlement Date is expected to
be 4 July 2012.

The five biggest listed issues of Investkredit Bank AG
in terms of issue volume:
ISIN:
AT0000A0SNL2
AT0000A0SNJ6
AT0000A0SNG2
AT0000A0SNF4
AT0000A0SNH0

The issues of Investkredit Bank AG are admitted on the
following stock exchanges:

Second Regulated market of Wiener Börse AG
Official trading of Wiener Börse AG
Regulated market of the Luxembourg Stock Exchange
Open Market of Frankfurt Stock Exchange

Further inquiry note:
Investkredit Bank AG
Mag. Julius Wallner
Tel.: +43 0 50 4004 - 4211
mailto:julius.wallner@investkredit.at

end of announcement euro adhoc
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issuer: Investkredit Bank AG
Kolingasse 14 - 16
A-1090 Wien
phone: +43 1 504004 - 4207
FAX: +43 1 504004 84207
mail: invest@investkredit.at
WWW: www.investkredit.at
sector: Banking
ISIN: -
indexes:
stockmarkets: stock market: Wien
language: English