Österreichische Volksbanken-Aktiengesellschaft
EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft
VBI Owner and
Sberbank Signed Acquisition Agreement in Vienna
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- Company Information 08.09.2011 The owners of Volksbank International AG (VBI) and the representatives of the Sberbank of Russia (Sberbank) signed an agreement relating to the acquisition of the VBI Group today in Vienna. Until now, Österreichische Volksbanken-AG (VBAG) has held a 51% shareholding in VBI, whereas the German banking groups DZ BANK AG / WGZ BANK AG and the French BPCE S.A. have each held a 24.5% stake in VBI. With the signing of the agreement, Sberbank agreed to acquire a 100% stake in Volksbank International AG. VB Romania is not included in the transaction. The deal price will be 1.0x VBI equity (excluding VB Romania) ranging from EUR 585 million to EUR 645 million depending on business performance of VBI in 2011. In addition to the sales price, Sberbank will assume financings provided by the current owners in an amount of almost EUR 2.5 billion. Also at closing, VBAG or a group of banks led by VBAG will provide Sberbank with five-year funding in an amount of EUR 500 million. Closing of the transaction is expected by the end of the year - after certain conditions precedent are fulfilled. 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: Regulated unofficial 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: Ansprechpartner: Walter Gröblinger Tel.: +43/ (0) 50 4004-0 E-Mail: walter.groeblinger@volksbank.com end of announcement euro adhoc -------------------------------------------------------------------------------- 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: stock market: Prague Stock Exchange, official market: Wien language: English