EANS-News: FMA Austrian Financial Market Authority / notice according to Art 116 para 6 BaSAG

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Company Information/FMA Measure

The Austrian Financial Market Authority (FMA) in its function as the
resolution authority under the Austrian Bank Recovery and Resolution
Act (BaSAG) transposing the EU Bank Recovery and Resolution Directive
(BRRD) into national law hereby notifies the application of the
bail-in tool in respect of HETA ASSET RESOLUTION AG by emergency
administrative decision of 10 April 2016.

* The Common Equity Tier 1 positions, the principle amount of Tier 2
capital and all other subordinated debt as well as the interest
accrued thereon up to 28 February 2015 has been written down to
zero. * The principal amount or outstanding amount of the remaining
eligible liabilities, including for those liabilities for which the
facts had already been substantiated as of 01 March 2015, but for
which the eligibility or amount remains unclear, as well as the
interest accrued thereon up to 28 February 2015 has been written
down to a quota of 46.02 percent.

In parallel, additional resolution powers have been applied.

* The maturity of all debt instruments issued by HETA ASSET
RESOLUTION AG, other eligible liabilities and outstanding amounts,
which already existed before 01 March 2015, has been altered to the
date when the decision to liquidate HETA ASSET RESOLUTION AG
pursuant to Art. 84 para. 9 BaSAG will be taken, or to 31 December
2023, whichever is earlier. * The interest rate for eligible
liabilities and relevant HETA-issued capital instruments was set at
zero percent with effect from 01 March 2015. * The rights and
obligations attached to the existing shares and other instruments
of ownership in HETA ASSET RESOLUTION AG have been cancelled except
for the rights of interest that have been conferred upon the FMA. The
FMA has exercised the power to take control of HETA ASSET RESOLUTION
AG and exercises the rights of influence conferred upon its
shareholders.

The edict including a list of the eligible liabilities concerned is
accessible at https://www.fma.gv.at/typo3conf/ext/dam_download/secure
.php?u=0&file=13884&t=1460383292&hash=0f28cb47f2ee865712aa4c52bdbfa33
7

The emergency administrative decision of 1 March 2015, which was
subject to the legal challenge procedure according to BaSAG, has been
upheld by the decision of 10 April 2016: https://www.fma.gv.at/typo3c
onf/ext/dam_download/secure.php?u=0&file=16294&t=1460383292&hash=4012
36408eca30b33c310d13355a8101

For questions regarding the individual issuances please be referred
to the issuer.

Further inquiry note:
Elisabeth Pechmann, BA
HETA ASSET RESOLUTION AG
Corporate Communications / Investor Relations
+43 (0) 50209 4623
Holding@heta-asset-resolution.com

end of announcement euro adhoc
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company: FMA Österreichische Finanzmarktaufsicht
Otto-Wagner-Platz 5
A-1090 Wien
phone: +43(1)249 59-0
FAX: +43(1)249 59-5499
mail: fma@fma.gv.at
WWW: www.fma.gv.at
sector: Economy, Business & Finance
ISIN: -
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language: English