EANS-Adhoc: immigon portfolioabbau ag / Results of buyback programme for non-subordinated liabilities (15 October 2015)

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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Capital measures/Company Information
15.10.2015

Results of buyback programme for non-subordinated liabilities (15
October 2015)

On 7 September 2015, immigon portfolioabbau ag (formerly
Österreichische Volksbanken-Aktiengesellschaft), Peregringasse 2,
1090 Vienna, FN116476p ("immigon") announced and published the launch
of a buyback programme for non-subordinated liabilities. Creditors of
a total of 95 non-subordinated liabilities in the form of bonds
(Anleihen) (the "Instruments") were invited to offer such Instruments
to immigon for repurchase against payment in cash. This invitation to
submit offers for repurchase was primarily targeted at retail
investors, because (among other factors), in accordance with the
terms and conditions of the buyback programme, immigon treats tender
instructions in respect of Instruments in an aggregate principal
amount or unit value not surpassing EUR 250,000 (or the equivalent
amount in another currency, if applicable) as priority 1 tender
instructions ("Priority 1 Tender Instructions") and thus accepted in
priority. The offer period expired on 14 October 2015 at 16:00 hours
London time/ 17:00 hours CET.

The offers received from investors comprised Instruments with a total
principal amount or unit value of approximately EUR 49 m. Following
evaluation of offers received, the management board (Vorstand) of
immigon resolved on 15 October 2015 to accept offers for a total
consideration amount including accrued interest of approximately EUR
53 million. Therefore, offers that do not qualify as Priority 1
Tender Instruction have also been accepted for repurchase.

Details of the results of the tender offer, of offers accepted as
well as of the Instruments and their ISINs or ID-Numbers (as
applicable) are, subject to access and offer and distribution
restrictions, available on immigon's homepage under
http://www.immigon.com/investorrelations under the heading "Ad-hoc
releases" or from the Tender Agent Citibank, N.A., London Branch.

Mandatory information pursuant to the disclosure and notification
regulation (Veröffentlichungs- und Meldeverordnung - VMV)

The following issues of participation capital (Partizipationskapital)
of immigon portfolioabbau ag (formerly Österreichische
Volksbanken-Aktiengesellschaft) are admitted to trading on a
regulated market in a Member State of the European Economic Area:
ISIN: AT0000755665 Österreichische Volksbanken-AG Participation
Certificates XS0359924643 EUR 500,000,000 Perpetual Non Cumulative
Participation Capital Certifi-cates (issued by Banque de Luxembourg
as trustee) The five bonds issued by immigon portfolioabbau ag
(formerly Österreichische Volksbanken-Aktiengesellschaft) with the
highest nominal volume: ISIN: AT000B056544 AT000B053442 XS0275528627
AT000B060462 AT000B115902 Securities issued by immigon portfolioabbau
ag (formerly Österreichische Volksbanken-Aktiengesellschaft) are
admitted to trading on the following stock exchanges: Geregelter
Freiverkehr of the Vienna Stock Exchange (Wiener Börse AG) Amtlicher
Handel of the Vienna Stock Exchange (Wiener Börse AG) Regulated
Market of Luxembourg Stock Exchange Open market (Freiverkehr) of
Berlin Stock Exchange Open market (Freiverkehr) of Stuttgart Stock
Exchange Open Market (Freiverkehr) of Frankfurt Stock Exchange

Further inquiry note:
Thomas Heimhofer
immigon portfolioabbau ag
Mobil: +43 (0) 676 790 7890
Mail to: thomas.heimhofer@immigon.com

end of announcement euro adhoc
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issuer: immigon portfolioabbau ag
Peregringasse 2
A-1090 Wien
phone: +43 (0)1 313 40-0
mail: info@immigon.com
WWW: www.immigon.com
sector: Banking
ISIN: AT000B056544, AT000B053442, XS0275528627, AT000B060462,
AT000B115902
indexes:
stockmarkets: free trade: Berlin, Stuttgart, regulated dealing: Luxembourg Stock
Exchange, Regulated free trade: Wien
language: English