EANS-Adhoc

immigon portfolioabbau ag / - immigon portfolioabbau ag announces successful completion of the disposal of 9.92 million shares in Raiffeisen Bank International AG through an accelerated bookbuilding; sales price set at EUR 21.00 per share - M - Seite 2

the total of the losses attributed to such supplementary capital
exceeds the total of the profits allocated to the supplementary
capital over the term of the supplementary capital; such net loss
needs to be deducted from the redemption amount (nominal value).
Following placement of the Sale Shares, immigon's updated planning
shows that upon completion of the liquidation of immigon, a
redemption amount of the preferred securities of 100% of the nominal
amount can be expected (instead of, as previously assumed, more than
50% but significantly less than 100% of the nominal amount). The
inside information published on 20 January 2017 is thus amended
accordingly. immigon is a wind-down company in accordance with the
Austrian Federal Act on the Recovery and Resolution of Banks (BaSAG)
and is thus exposed to uncertainties and risks in its wind-down
process, including risks related to the proceeds achievable in the
course of the sale of its assets, outstanding loans, higher expenses
and warranty claims.

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