EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft / Strengthening of business model through sale of Europolis, merger with Investkredit Bank AG

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distribution. The issuer is solely responsible for the content of this
announcement.
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24.06.2010

Österreichische Volksbanken-Aktiengesellschaft (VBAG) and CA Immo AG have agreed
on the sale of 100% of shares in the VBAG subsidiary Europolis AG to CA Immo.
The Management Board and Supervisory Board of ÖVAG approved the sale in their
meetings today. CA Immo AG will pay EUR 272 million for all shares in Europolis
AG. Among other things, the sale is subject to the suspensive conditions of
approval by the responsible authorities and the implementation of internal
restructuring measures agreed within the Group.

To further streamline the Group´s structure, the Management Board and
Supervisory Board of VBAG today resolved to combine the banking operations of
VBAG and those of Investkredit Bank AG. Details of the combination will be
analysed and drawn up in the coming weeks. Legal implementation will occur in
the first half of 2011.

The implementation of these strategic options will serve to further strengthen
the business model of VBAG.

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 (issued on a fiduciary basis by Banque de Luxembourg)

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:
Walter Gröblinger
Tel.: +43/ (0) 50 4004-0
E-Mail: [email protected]
end of announcement euro adhoc
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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

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