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Österreichische Volksbanken-Aktiengesellschaft

EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft
Clarification

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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28.02.2012

For clarification purposes VBAG announces that due to the strategic corporate
decision agreed by the Republic of Austria, the owners and VBAG to approve a cut
in capital effective 31 December 2011 and to reduce the participation capital
held by the Republic of Austria not more than 70 %, this cut in capital will as
well affect the investors of other  participation capital issues of VBAG (ISIN
AT0000755665, XS0359924643 and AT0000A018V0). These issues will be reduced by
the same ratio as the participation capital held by the Republic of Austria.

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

The five biggest listed issues of Österreichische Volksbanken-Aktiengesellschaft
in terms of issue volume:

ISIN:                  
XS0451759012    
XS0417722393    
XS0412533399    
XS0271095357    

AT000B053442

The issues of Österreichische Volksbanken-Aktiengesellschaft are admitted on the
following stock exchanges:

Second Regulated market of Wiener Börse AG
Official trading of Wiener Börse AG
EUWAX segment of Baden-Württembergische Wertpapierbörse
Regulated market of Baden-Württembergische Wertpapierbörse
Regulated market of the Prague Stock Exchange
Regulated market of the Luxembourg Stock Exchange
Open Market of Berlin Stock Exchange
Open Market of Stuttgart Stock Exchange
Open Market of Frankfurt Stock Exchange


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

end of announcement                               euro adhoc 
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issuer:      Österreichische Volksbanken-Aktiengesellschaft
             Kolingasse  19
             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

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