EANS-Adhoc: Oesterreichische Volksbanken-AG (VBAG): Draft conclusion of recent JRAD audit received from FMA - requirement for total capital ratio 13.6% for Volksbanken-Verbund - deadline for implementation not set

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19.12.2013

Oesterreichische Volksbanken-AG( VBAG) as central organisation of Volksbanken-Verbund announces that it was informed by the Austrian Financial Market Authority (FMA) on the result of the draft report of the Joint Risk Assessment and Decision-Process (JRAD) as per 31 Dec. 2012.

The FMA notes in this draft decision that Volksbanken-Verbund will have to ensure fulfillment of a total capital ratio of 13.6%. The exact date as per which Volksbanken-Verbund will have to comply with the ratio will be set by the FMA at a later stage.

In its last reporting to the Austrian National Bank on 31 Oct. 2013 Volksbanken-Verbund had a total capital ratio according to Basel II of 15%. This ratio will decline in future due to the changeover from Basel II to Basel III, as well as the loss of VBAG on a single entity level for the business year 2013, which will likely exceed euro 200 million. Additional capital measures are being evaluated in order to meet a possible capital requirement.

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 (emittiert auf treuhändischer Basis durch die Banque de Luxembourg) The five biggest listed issues of Österreichische Volksbanken-Aktiengesellschaft:

ISIN:
AT000B115704, AT000B053442, AT000B056544, AT000B058011, AT000B057492

The issues of Österreichische Volksbanken-Aktiengesellschaft are admitted on the following exchanges:
Geregelter Freiverkehr der Wiener Börse AG
Amtlicher Handel der Wiener Börse AG
Geregelter Markt der Luxemburger Börse
Freiverkehr der Berliner Börse
Freiverkehr der Börse Stuttgart

end of announcement euro adhoc

issuer: Österreichische Volksbanken-Aktiengesellschaft Kolingasse 14-16 A-1090 Wien phone: +43 0 50 4004-0 WWW: www.volksbank.com sector: Banking ISIN: AT0000755665 indexes: Standard Market Auction

stockmarkets: Regulated free trade: Wien, stock market: Prague Stock Exchange language: English

Digital press kit: http://www.ots.at/pressemappe/1267/aom

Rückfragen & Kontakt:

Walter Gröblinger Tel.: +43/ (0) 50 4004-3864
E-Mail: walter.groeblinger@volksbank.com

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