EANS-Adhoc

immigon portfolioabbau ag / Results of the buyback programme for subordinated notes (20 May 2016)

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other/Company Information
20.05.2016

Results of the buyback programme for subordinated notes (20 May 2016)

On 12 April 2016 immigon portfolioabbau ag (formerly Österreichische
Volksbanken-Aktiengesellschaft), Peregringasse 2, 1090 Vienna,
FN116476p ("immigon") announced the launch of a buyback programme for
subordinated notes and published the same on 13 April 2016. Creditors
of a total of 14 subordinated notes (the "Notes") were addressed and
invited to offer immigon their outstanding Notes for repurchase. On
18 May 2016, 17:00 CET the offer period expired. The anticipated
total consideration amount was EUR 150 million.

Offers received from investors comprised Notes with a total nominal
volume of around EUR 195 million. Following evaluation of offers
received and prices offered, the management board (Vorstand) of
immigon resolved on 20 May 2016 to accept offers for a total
consideration amount including accrued interest of EUR 162 million.

Details of the results of the tender offer, of offers accepted as
well as of the Notes and their ISINs 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 VB Services für Banken Ges.m.b.H.

Mandatory information pursuant to the Disclosure and Notification
Regulation (Veröffentlichungs- und Meldeverordnung - VMV)

The following issues of participation capital (Partizipationskapital)
of immigon are admitted to trading on a regulated market in a Member
State of the European Economic Area:

ISIN: XS0359924643 EUR 500,000,000 Perpetual Non Cumulative
Participation Capital Certificates (issued by Banque de Luxembourg as
trustee)

The five exchange-listed bonds issued by immigon with the highest
nominal volume outstanding are:

ISIN:
AT000B056544
AT000B053442
AT000B115902
AT000B060462
AT0000322458

Securities issued by immigon 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: [phone]
Mail to: [e-mail]

end of announcement euro adhoc
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issuer: immigon portfolioabbau ag
Peregringasse 2
A-1090 Wien
phone: [phone]
mail: [e-mail]
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