EANS-Adhoc: OMV Aktiengesellschaft / OMV agreed on a major asset acquisition in Norway and the United Kingdom (UK) with Statoil. Purchase price amounts to USD 2.65 bn

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Mergers - Acquisitions - Takeovers/OMV / Oil / Gas / Austria / Norway
/ United Kingdom 19.08.2013

OMV agreed on a major asset acquisition in Norway and the United
Kingdom (UK) with Statoil. Purchase price amounts to USD 2.65 bn *

Today, OMV has agreed with Statoil on the acquisition of 19% in the
producing oil and gas field Gullfaks and 24% in the oil and gas
development project Gudrun on the Norwegian Continental Shelf as well
as 30% in the oil field development Rosebank and around 5.88% in the
oil field redevelopment project Schiehallion in the UK (West of
Shetland). OMV will gain access to 2P reserves of ~320 mn boe of oil
and associated gas and production net to OMV of ~40 kboe/d in 2014.
The purchase price will be largely funded out of the proceeds
generated by disposals and working capital reductions from the
downstream business segments realized over the last 18 months. The
development capital will be essentially financed by the operating
cash flows of the already producing assets which are part of the
portfolio.

Furthermore, OMV and Statoil have agreed on an optional participation
in 11 of Statoil's exploration licenses in the Faroe Islands, West of
Shetland and the Norwegian North Sea and have entered into a
strategic partnership on research and development in the field of
enhanced oil recovery.

The purchase price with the effective date January 1, 2013, amounts
to USD 2.65 bn and is subject to customary adjustments for the year
2013 which are expected to increase the purchase price by
approximately USD 500 mn. In addition, for the recent Shetland/Lista
discovery in the Gullfaks license, a contingent payment of USD 6 per
boe for reserves to be developed has been agreed depending on the
approval of the respective development plan.

Closing of the transaction is expected around year-end 2013 since the
transaction is subject to customary conditions, particularly approval
by the Norwegian Ministry of Petroleum and Energy and by the
Norwegian Ministry of Finance with respect to the Norwegian assets,
as well as approval by the UK Secretary of State and customary third
party consents regarding transfer of asset related agreements with
respect to the UK assets.

* Subject to customary adjustments for the year 2013 which are
expected to increase the purchase price by approximately USD 500 mn.

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

Media Relations:
Johannes Vetter
Tel. +43 1 40 440-21357
e-mail: media.relations@omv.com

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

end of announcement euro adhoc
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issuer: 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