26.08.2009 – 23:47

Kommunalkredit Austria AG

EANS-Adhoc: Kommunalkredit Austria AG
Mid-Year Results

  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.

6-month report

26.08.2009

Kommunalkredit Austria AG will present its results for the first half
of 2009 by 31 August 2009.

As of mid-2009, the solo financial statements according to the new 
Austrian Commercial Code show a negative result of EUR 115.9 million.
The Company also expects to close the full year as of 31 December 
2009 with a negative result. On the basis of the accounting rules of 
the new Austrian Commercial Code, the results are of relevance for 
distributions on profit-dependent capital instruments. 
Profit-building appropriations of reserves are not possible. 
Consequently, coupon payments on profit-dependent capital instruments
(supplementary capital, hybrid capital, participation capital) of 
Kommunalkredit Austria AG will presumably not be made in 2010.

Moreover, the participation capital of Kommunalkredit Austria AG will
carry a pro-rata share in the loss in the second half of 2009 
according to the accounting rules of the new Austrian Commercial 
Code.

The consolidated mid-year after-tax results according to IFRS will be
positive. This has no impact on distributions on profit-dependent 
capital instruments. Consolidated equity according to IFRS as shown 
on the balance sheet is negative at EUR 490.1 million, while 
regulatory own funds total EUR 1,035.5 million; hence, the total 
capital ratio stands at 12.4%, with a core capital ratio of 8.3%.

As already reported and subject to approval by the European 
Commission, Kommunalkredit Austria AG is to be split up in the second
half of 2009 in the course of the ongoing restructuring process, with
equivalent rights being granted to the holders of capital instruments
of Kommunalkredit Austria AG. The ultimate effect of the split-up on 
coupon payments on the profit-dependent capital instruments of 
Kommunalkredit Austria AG is an open issue.

The 2009 Mid-Year Report will be available on the Internet by 31 
August, at the latest, under: www.kommunalkredit.at/halbjahr (english
site)

Language:       English, German

Issuer:         Kommunalkredit Austria AG
                 Türkenstraße 9
                        1092 Vienna
                        Austria
Phone:                  +43/1/31 6 31-640
Mail:                    investorrelations@kommunalkredit.at
Internet:    www.kommunalkredit.at

ISIN:           XS0285503248
                 XS0252707624
                 DE000A0DHT43
                 XS0270579856
                 AT0000320890
                 AT0000329966

Stock exchanges:        Vienna, Luxembourg, Amsterdam, Frankfurt

Issuer:                 Kommunalkredit Austria AG

end of announcement                               euro adhoc

Further inquiry note:

Kommunalkredit Austria AG
Treasury - Financial Markets
Thomas Fendrich
1092 Vienna, Türkenstraße 9
Phone: +43/1/31 6 31-640
Fax: +43/1/31 6 31-505 or 99640
Mail: t.fendrich@kommunalkredit.at

Branche: Banking
ISIN:
WKN:
Börsen: Wien / stock market