OTE0005 5 WB 0469 EAE0004 WA 09.Mär 12
euro adhoc / other / Kommunalkredit Austria AG

EANS-Adhoc: Kommunalkredit Austria AG / Private Sector Involvement - Greece

ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.

09.03.2012

Kommunalkredit Austria AG / Private Sector Involvement - Greece

The Republic of Greece has published the result of the debt restructuring votes under the Private Sector Involvement (PSI) programme agreed with the Institute of International Finance (IIF) and published on 24 February 2012 today. Kommunalkredit Austria AG (KA) has participated in the PSI programme with Greek government bonds of a nominal value of EUR 150 million. KA has no other Greek sovereign exposure and has not underwritten any credit default swaps (CDS).

For KA this measure, as well as the portfolio reduction since the 2011 Interim Report, results in an additional provisioning requirement in the amount of EUR 142.2 million, which will be taken into consideration in the result for the year 2011. The bank will publish its result for the year 2011 after the Supervisory Board meeting convened for the purpose of approving the annual accounts in April 2012. Due to the one-off charge resulting from participation in the PSI programme, KA expects to close 2011 with a negative result for the year of around EUR 120 million according to Austrian GAAP and approx. EUR 140 million according to IFRS. The preliminary operating result, amounting to about EUR 25 million, is above budget.

KA continues to have a sound capital position and will not require government support. The bank has sufficient strength to assume the burden of the Greek debt writedown on its own. After the above measures and based on its preliminary figures, the bank expects to report a tier-1 ratio of well above 11% and a total capital ratio of 14% as of 31 December 2011.

Further information: German and English version http://www.kommunalkredit.at

Language: German, English

Issuer: Kommunalkredit Austria AG
Tuerkenstrasse 9
1092 Vienna
Austria
Phone: +43/1/31 6 31-678
E-mail: investorrelations@kommunalkredit.at Internet:www.kommunalkredit.at

ISIN:
XS0285503248, XS0252707624, XS0437341307, AT0000329859, DE0002490505, XS0373257590, XS0340901908, XS0336932065, XS0302365134, XS0299062389, XS0289015777, XS0286031777, XS0271821513, XS0270872640, XS0267998481, XS0266826659, XS0261832942, XS0260020366, XS0255439803, CH0025662831, XS0253410236, XS0252786669, XS0252593198, DE000A0GPU96, XS0244843511, XS0241451581, CH0024015452, XS0236776877, XS0235597068, CH0022654518, CH0022280058, XS0219327524, XS0218834843, XS0218474533, XS0215839019, XS0215865287, XS0215246546, XS0214981812, XS0214564972, XS0213696916, XS0213230047, CH0020669583, XS0212122534, XS0211496590, XS0210167218, XS0205974701, XS0197387953, XS0187975262, XS0186736228, CH0017447787, XS0180539420, XS0176120268, XS0172076365, XS0166801174, XS0163624504, XS0160668181, XS0104786263, XS0100920353, AT0000A0H9X0, XS0495988072, XS0591640155, XS0592235187, XS0632936950, XS0641895577, XS0641895148, XS0641894927, XS0687890441

Stock exchanges: Vienna, Luxembourg, Frankfurt, Zurich

Issuer: Kommunalkredit Austria AG

end of announcement euro adhoc

issuer: Kommunalkredit Austria AG
Türkenstraße 9
A-1092 Wien
phone: +43 1 31 6 31
FAX: +43 1 31 6 31 105
mail: kommunal@kommunalkredit.at
WWW: www.kommunalkredit.at
sector: Banking
ISIN: -
indexes:
stockmarkets: stock market: Luxembourg Stock Exchange
language: English

Rückfragen & Kontakt:

Kommunalkredit Austria AG
Treasury - Investor Relations
Dinah Reiss
1092 Vienna, Tuerkenstrasse 9
Phone: +43/1/31 6 31-678
Fax: +43/1/31 6 31-505 or 99678
E-mail: d.reiss@kommunalkredit.at

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OTE0005 2012-03-09/18:02