EANS-Adhoc: Kommunalkredit Austria AG / Mid-Year Results

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announcement.
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26.08.2009

Kommunalkredit Austria AG will present its results for the first half of 2009 by
31 August 2009.

As of mid-2009, the solo financial statements according to the new Austrian
Commercial Code show a negative result of EUR 115.9 million. The Company also
expects to close the full year as of 31 December 2009 with a negative result. On
the basis of the accounting rules of the new Austrian Commercial Code, the
results are of relevance for distributions on profit-dependent capital
instruments. Profit-building appropriations of reserves are not possible.
Consequently, coupon payments on profit-dependent capital instruments
(supplementary capital, hybrid capital, participation capital) of Kommunalkredit
Austria AG will presumably not be made in 2010.

Moreover, the participation capital of Kommunalkredit Austria AG will carry a
pro-rata share in the loss in the second half of 2009 according to the
accounting rules of the new Austrian Commercial Code.

The consolidated mid-year after-tax results according to IFRS will be positive.
This has no impact on distributions on profit-dependent capital instruments.
Consolidated equity according to IFRS as shown on the balance sheet is negative
at EUR 490.1 million, while regulatory own funds total EUR 1,035.5 million;
hence, the total capital ratio stands at 12.4%, with a core capital ratio of
8.3%.

As already reported and subject to approval by the European Commission,
Kommunalkredit Austria AG is to be split up in the second half of 2009 in the
course of the ongoing restructuring process, with equivalent rights being
granted to the holders of capital instruments of Kommunalkredit Austria AG. The
ultimate effect of the split-up on coupon payments on the profit-dependent
capital instruments of Kommunalkredit Austria AG is an open issue.

The 2009 Mid-Year Report will be available on the Internet by 31 August, at the
latest, under:
www.kommunalkredit.at/halbjahr (english site)

Language: English, German

Issuer: Kommunalkredit Austria AG
Türkenstraße 9
1092 Vienna
Austria
Phone: +43/1/31 6 31-640
Mail: [email protected]
Internet: www.kommunalkredit.at

ISIN: XS0285503248
XS0252707624
DE000A0DHT43
XS0270579856
AT0000320890
AT0000329966

Stock exchanges: Vienna, Luxembourg, Amsterdam, Frankfurt

Issuer: Kommunalkredit Austria AG

Further inquiry note:
Kommunalkredit Austria AG
Treasury - Financial Markets
Thomas Fendrich
1092 Vienna, Türkenstraße 9
Phone: +43/1/31 6 31-640
Fax: +43/1/31 6 31-505 or 99640
Mail: [email protected]

end of announcement euro adhoc
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emitter: Kommunalkredit Austria AG
Türkenstraße 9
A-1092 Wien
phone: +43 1 31 6 31
WWW: www.kommunalkredit.at
sector: Banking
ISIN: -
indexes:
stockmarkets: stock market: Wien
language: English

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