euro adhoc: OMV Aktiengesellschaft / Restructuring & Recapitalisations / OMV announces approval of share capital increase and convertible bond issue (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

The Executive Board of OMV Aktiengesellschaft (ISIN AT0000743059), with the approval of the Supervisory Board, has decided to increase OMV Aktiengesellschaft’s share capital through the issuance of up to 3 million new shares. Further, the Executive Board of OMV Aktiengesellschaft, with the approval of the Supervisory Board, has decided to issue up to 2 million convertible bonds in an aggregate principal amount of up to EUR 550 million, each bond initially convertible into one share of OMV Aktiengesellschaft. The new shares and the convertible bonds will be offered by granting pre-emptive rights to existing shareholders.

OMV Aktiengesellschaft has scheduled a press release with further information for tomorrow, December 1, 2004 at 8 am CET.

This statement does not constitute an offer or invitation to subscribe for or purchase any securities. Offers received before the start of the offer and subscription period will be rejected. The securities of OMV Aktiengesellschaft that will be offered as described herein have not been and will not be registered under the United States securities laws and may not be offered, sold or delivered within the United States or to United States persons absent registration under or an applicable exemption from the registration requirements of the United States securities laws.

Further inquiry note:
OMV
Investor Relations:
Ana-Barbara Kuncic
Tel. +43 1 40 440-21443; e-mail: investor.relations@omv.com
Press:
Bettina Gneisz-Al-Ani
Tel. +43 1 40 440-21660; e-mail: bettina.gneisz@omv.com
Thomas Huemer
Tel. +43 1 40 440-21660; e-mail: thomas.huemer@omv.com

Internet Homepage: http://www.omv.com

emitter: OMV Aktiengesellschaft Otto-Wagner-Platz 5 A-1090 Wien phone: +43 1 40440/21600 FAX: +43 1 40440/29496 mail: investor.relations@omv.com WWW: http://www.omv.com ISIN: AT0000743059

end of announcement euro adhoc

indexes:
stockmarkets:

sector: Oil & Gas - Downstream activities language: English

OTS-ORIGINALTEXT UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS | OTB0008