EANS-Adhoc: KA Finanz AG / Supervisory board approves refinancing framework with ABBAG

Next step for possible surrender of banking licence and organisation
of KA Finanz AG as a „wind-down entity“ pursuant to the Austrian
Bank Recovery and Resolution Act =

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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 responsible for the content of this announcement.
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Next step for possible surrender of banking licence and organisation of KA
Finanz AG as a „wind-down entity“ pursuant to the Austrian Bank Recovery and
Resolution Act

Company Information
08.06.2017

Vienna - With reference to the ad-hoc announcement dated 26 April 2017, KA
Finanz AG (KF) announces that the supervisory board of KF today approved the
conclusion of a framework agreement with ABBAG - Abbaumanagementgesellschaft
des Bundes (ABBAG), which is solely owned by the Republic of Austria, for the
future refinancing of KF by ABBAG. The framework agreement provides for
refinancing facilities in a total volume of EUR 8.2 billion. These facilities
are intended to replace in future the entire current refinancing of KF.
Obligations of KF under existing bonds and private placements will continue to
be satisfied, including redemption at full nominal value when due.

The framework agreement with ABBAG is scheduled to be concluded on 9 June 2017.

After such approval by the supervisory board of KF, the general meeting of KF
resolved that the company - subject to the required approval by the Austrian
Financial Market Authority (Finanzmarktaufsicht, FMA) - be operated permanently
as a "wind-down entity" (Abbaugesellschaft) pursuant to section 162 of the
Austrian Bank Recovery and Resolution Act (Bundesgesetz über die Sanierung und
Abwicklung von Banken, BaSAG). For such purpose, KF has to file a corresponding
application with the FMA. Upon approval of the application by the FMA, the
banking licence of KF will cease.

The application for the operation of KF as "wind-down unit" pursuant to the
BaSAG with the FMA is scheduled to be filed on 9 June 2017.

ISIN(s): AT0000329859; AT0000441209; XS0140045302; XS0144772927; XS0185015541;
XS0236776877; XS0257275098; XS0279423775; XS0973424152; XS1013581274;
XS1033673440; XS1270771006; XS1288050799; XS1288050872; XS1325164132;
XS1331664679; XS1460837732

Stock exchange(s):
Vienna, Luxembourg




Further inquiry note:
KA Finanz AG
A-1092 Vienna, Tuerkenstrasse 9
Helmut Urban, Chairman of the Management Board
Phone: +43(0)1/310 06 06-600
Mail: [email protected]

end of announcement euro adhoc
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issuer:       KA Finanz AG Türkenstraße 9 A-1092 Wien
phone:        +43/1/310 06 06
FAX:          +43/1/310 06 06 - 404
mail:         [email protected]
WWW:          www.kafinanz.at
ISIN:         -
stockmarkets: Wien, Luxembourg Stock Exchange
language:     English

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | EAE

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