EANS-Adhoc

immigon portfolioabbau ag / immigon portfolioabbau ag commences sale of up to approximately 9.92 million shares in Raiffeisen Bank International AG by way of an accelerated bookbuilding (21 March 2017)

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) 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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other/Company Information
21.03.2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

immigon portfolioabbau ag commences sale of up to approximately 9.92
million shares in Raiffeisen Bank International AG by way of an
accelerated bookbuilding (21 March 2017)

On 21 March 2017, the management board of immigon portfolioabbau ag
(formerly Österreichische Volksbanken-Aktiengesellschaft),
Peregringasse 2, 1090 Vienna, FN 116476p ("immigon"), has decided as
part of its statutory obligation to wind down its assets to sell up
to approximately 9,92 million shares (the "Offer Shares") in
Raiffeisen Bank International AG ("RBI"), ISIN AT0000606306, subject
to investor demand. The Offer Shares represent approximately 3.02% of
RBI's stated share capital and represent the entire indirect
shareholding of immigon (held via its 100% subsidiary
Unternehmensbeteiligungs Gesellschaft mit beschränkter Haftung) in
RBI. The Offer Shares are being offered exclusively to institutional
investors through a private placement by way of an accelerated
bookbuilding (the "Placement"), which will be launched immediately
following this announcement. The final number of Offer Shares to be
placed will be determined after closing of the bookbuilding process,
and the results of the Placement will be announced as soon as
practicable thereafter.

Legal Notice/Disclaimer This announcement does not contain or
constitute an offer of, or the solicitation of an of-fer to buy or
subscribe for, securities to any person in the United States,
Australia, Canada, Japan or in any jurisdiction to whom or in which
such offer or solicitation is unlawful. This announcement does not
contain an offer of securities for sale in the United States of
America. Any securities referred to herein will not be and have not
been registered under the U.S. Securities Act of 1933, as amended
(the "Securities Act") and may not be of-fered or sold in the United
States of America absent registration or an applicable exemp-tion
from registration under the Securities Act. There will be no public
offer of the securities in the United States of America. The
securities referred to herein may not be offered or sold in
Australia, Canada or Japan or to, or for the account or benefit of,
any national, resident or citizen of Australia, Canada or Japan. In
Member States of the European Economic Area, this announcement is
only addressed to and directed at persons who are "qualified
investors" within the meaning of Article 2(1)(e) of directive
2003/71/EC as amended. Any securities referred to herein will
exclusively be offered or sold in reliance on applicable exemptions
from prospectus or registration requirements.

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 out-standing are: ISIN: AT000B056544, AT000B053442,
AT000B115902, AT000B060462, AT000B059456 Securities issued by immigon
are admitted to trading on the following stock exchanges: Geregelter
Freiverkehr of the Vienna Stock Exchange (Wiener Börse AG); Regulated
Mar-ket of Luxembourg Stock Exchange; Open market (Freiverkehr) of
Berlin Stock Ex-change; 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