OTE0001 5 WB 0516 EAE0001 WA Di, 06.Dez 2016
euro adhoc / Earnings Forecast / Company Information

EANS-Adhoc: immigon portfolioabbau ag / immigon portfolioabbau ag updates the plan and outlook for 2017 (6 December 2016)

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 solely responsible for the content of this announcement.

Earnings Forecast/Company Information 06.12.2016

immigon portfolioabbau ag (formerly Österreichische Volksbanken-Aktiengesellschaft), Peregringasse 2, 1090 Vienna, FN116476p ("immigon"), is a wind-down company in accordance with § 162 of the Federal Act on the Recovery and Resolution of Banks ("BaSAG"). immigon reviews the legally required wind-down plan on a regular basis. On 6 December 2016, the management board (Vorstand) of immigon has resolved to adopt an updated plan based, inter alia, on the results successfully achieved so far in the wind-down. According to this updated plan immigon expects that it will have a positive annual net profit (Jahresüberschuss) despite negative interest income in the solo financial statements in accordance with the Austrian Commercial Code (UGB) (i.e. results before changes in reserves). Such profit is expected to be sufficient to pay interest on the outstanding supplementary capital (Ergänzungskapital), subject to the respective terms and conditions, but not on other profit dependent own funds instruments, as for example the issues of ÖVAG Finance (Jersey) Limited and Investkredit Funding Limited.

immigon as wind-down company continues to be exposed to uncertainties and risks in its wind-down process, including, inter alia, risks related to the proceeds achievable in the course of the sale of its assets, outstanding loans, higher expenses and warranty claims.

Mandatory information pursuant to the Disclosure and Notification Regulation (Veröffentlichungs- und Meldeverordnung - VMV): The following issues of participation capital (Partizipationskapital) of immigon are admitted to trading on a regulated market in a Member State of the European

Economic Area: ISIN: XS0359924643

EUR 500.000.000 Perpetual Non Cumulative Participation Capital Certificates (issued by Banque de Luxembourg as trustee) The five exchange-listed bonds issued by immigon with the highest nominal volume outstanding are: ISIN:
AT000B056544; AT000B053442; AT000B115902; AT000B060462; AT000B059456 Securities issued by immigon are admitted to trading on the following stock exchanges:
Geregelter Freiverkehr of the Vienna Stock Exchange (Wiener Börse AG) Regulated Market of Luxembourg Stock Exchange Open market (Freiverkehr) of Berlin Stock Exchange Open market (Freiverkehr) of Stuttgart Stock Exchange Open Market (Freiverkehr) of Frankfurt Stock Exchange

end of announcement euro adhoc

issuer: immigon portfolioabbau ag Peregringasse 2 A-1090 Wien phone: +43 (0)1 313 40-0 mail: info@immigon.com WWW: www.immigon.com sector: Banking

ISIN: AT000B056544, AT000B053442, XS0275528627, AT000B060462,

AT000B115902 indexes:

stockmarkets: free trade: Berlin, Stuttgart, regulated dealing: Luxembourg Stock Exchange, Regulated free trade: Wien language: English

Digital press kit: http://www.ots.at/pressemappe/18035/aom

Rückfragen & Kontakt:

Thomas Heimhofer
immigon portfolioabbau ag
Mobil: +43 (0) 676 790 7890
Mail to: thomas.heimhofer@immigon.com


OTE0001 2016-12-06/08:37