EANS-Adhoc: Kommunalkredit Austria AG / Termination of Overcollateralization Agreement

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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other
02.10.2015

02.10.2015

Kommunalkredit Austria AG, Commercial Register number FN 439528s,
(KA) terminates the agreement concluded by Kommunalkredit Austria AG
"Old" (KA Old) on 27 January 2011 regarding the overcollateralization
of certain covered bank bonds issued by KA Old (the
Overcollateralization Agreement) as of today's date. The termination
of overcollateralization by KA applies to those covered bank bonds
(as indicated below) which were transferred to KA by way of the
demerger of KA Old effective as of 26/09/2015. Through the demerger,
the overcollateralization agreement regarding these covered bank
bonds was also transferred to KA.

The termination is based on the issuer's right to terminate the
agreement in the event of a demerger. The agreed period of notice of
three months begins today (02(10/2015) and ends on 02/01/2016. From
that time onwards, a nominal overcollateralization of about 10% of
the redemption amount of the outstanding covered bank bonds will be
maintained on a voluntary basis.

ISINs of the covered bank bonds concerned:
XS1265773116 QOXAH0900001 QOXAH0900000 XS0333613601 CH0020669583
CH0022280058 CH0024015452 CH0025662831

ISIN
XS0104786263; XS0163624504; XS0186736228; XS0187975262; XS0205974701;
XS0213230047; XS0214564972; XS0214981812; XS0215839019; XS0215865287;
XS0218474533; XS0219327524; XS0241451581; XS0252593198; XS0252786669;
XS0253410236; XS0267998481; XS0270872640; XS0271821513; XS0299062389;
XS0302365134; XS0340901908; XS0495988072; CH0020669583; CH0022280058;
CH0024015452; CH0025662831

Further inquiry note:
Kommunalkredit Austria AG
Treasury - Investor Relations
Dinah Reiss
1092 Wien/Vienna, Türkenstraße/Tuerkenstrasse 9
Tel./Phone: +43/1/31 6 31-678
Fax: +43/1/31 6 31-505 oder/or 99678
Mail: d.reiss@kommunalkredit.at

end of announcement euro adhoc
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issuer: Kommunalkredit Austria AG
Türkenstraße 9
A-1092 Wien
phone: +43 1 31 6 31
FAX: +43 1 31 6 31 105
mail: kommunal@kommunalkredit.at
WWW: www.kommunalkredit.at
sector: Banking
ISIN: -
indexes:
stockmarkets: stock market: Luxembourg Stock Exchange, Wien, SIX Swiss Exchange
language: English