DGAP-Adhoc

Raiffeisen Zentralbank Österreich Aktiengesellschaft: RZB plans to reduce its participation in UNIQA

Raiffeisen Zentralbank Österreich Aktiengesellschaft / Key word(s): Investment

25.07.2016 18:30

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Vienna, 25 July 2016. Raiffeisen Zentralbank Österreich AG (RZB) and UNIQA
Versicherungsverein Privatstiftung (UNIQA Privatstiftung) are in advanced
negotiations to conclude an agreement (Memorandum of Understanding), after
which UNIQA Privatstiftung is to acquire part, around 17.64 per cent in
total, of RZB's participation in UNIQA Insurance Group AG. The Supervisory
Board of RZB approved the key points of the intended transaction on 25 July
2016. Following completion of the transaction, RZB would continue to hold a
participation of around 8.64 per cent in UNIQA Insurance Group AG. It was
agreed that the potential purchase price would be kept confidential. The
implementation should take place in 2016.

The planned transaction would have a positive effect on RZB's common equity
tier 1 ratio (fully loaded) of around 60 basis points and on RZB's common
equity tier 1 ratio (transitional) of around 40 basis points. The reduction
in the UNIQA participation is expected to have a negative effect of
approximately EUR 130 million on RZB's 2016 consolidated profit pursuant to
IFRS.

The intended transaction is part of the measures currently under evaluation
by RZB to simplify the corporate structure and to adapt the Group to
increasing regulatory capital requirements. UNIQA is an important partner
in insurance business for the Raiffeisen Banking Group. There will be no
changes made to the proven business cooperation within Austria or abroad.

In the event of full agreement between the negotiating parties, the
conclusion of implementing contracts and authorization or approval by the
responsible authorities, including a positive assessment by the Austrian
Takeover Commission, would still be required for the execution of the
transaction.

For further information please contact:

Susanne E. Langer
Head of Group Investor Relations
Raiffeisen Zentralbank Österreich AG
Am Stadtpark 9
1030 Vienna, Austria
[e-mail]
phone [phone]
www.rzb.at


25.07.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

---------------------------------------------------------------------------

Language: English
Company: Raiffeisen Zentralbank Österreich Aktiengesellschaft
Am Stadtpark 9
1030 Vienna
Austria
Phone: [phone] - 0
Fax: [phone] - 1715
E-mail: [e-mail]
Internet: www.rzb.at
ISIN: AT0000A1DNL2
WKN: A1ZY1B
Listed: Wien

End of Announcement DGAP News-Service

---------------------------------------------------------------------------