EANS-Adhoc: Oesterreichische Volksbanken-AG (VBAG): Draft conclusion of recent JRAD audit received from FMA - requirement for total capital ratio 13.6% for Volksbanken-Verbund - deadline for implement

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19.12.2013

Oesterreichische Volksbanken-AG( VBAG) as central organisation of
Volksbanken-Verbund announces that it was informed by the Austrian
Financial Market Authority (FMA) on the result of the draft report of
the Joint Risk Assessment and Decision-Process (JRAD) as per 31 Dec.
2012.

The FMA notes in this draft decision that Volksbanken-Verbund will
have to ensure fulfillment of a total capital ratio of 13.6%. The
exact date as per which Volksbanken-Verbund will have to comply with
the ratio will be set by the FMA at a later stage.

In its last reporting to the Austrian National Bank on 31 Oct. 2013
Volksbanken-Verbund had a total capital ratio according to Basel II
of 15%. This ratio will decline in future due to the changeover from
Basel II to Basel III, as well as the loss of VBAG on a single entity
level for the business year 2013, which will likely exceed euro 200
million. Additional capital measures are being evaluated in order to
meet a possible capital requirement.

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 (emittiert auf
treuhändischer Basis durch die Banque de Luxembourg) The five biggest
listed issues of Österreichische Volksbanken-Aktiengesellschaft:

ISIN:
AT000B115704, AT000B053442, AT000B056544, AT000B058011, AT000B057492

The issues of Österreichische Volksbanken-Aktiengesellschaft are
admitted on the following exchanges: Geregelter Freiverkehr der
Wiener Börse AG Amtlicher Handel der Wiener Börse AG Geregelter Markt
der Luxemburger Börse Freiverkehr der Berliner Börse Freiverkehr der
Börse Stuttgart

Further inquiry note:
Walter Gröblinger Tel.: +43/ (0) 50 4004-3864
E-Mail: walter.groeblinger@volksbank.com

end of announcement euro adhoc
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issuer: Österreichische Volksbanken-Aktiengesellschaft
Kolingasse 14-16
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