EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft / Strengthening of business model through sale of Europolis, merger with Investkredit Bank AG

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24.06.2010

Österreichische Volksbanken-Aktiengesellschaft (VBAG) and CA Immo AG
have agreed on the sale of 100% of shares in the VBAG subsidiary
Europolis AG to CA Immo. The Management Board and Supervisory Board
of ÖVAG approved the sale in their meetings today. CA Immo AG will
pay EUR 272 million for all shares in Europolis AG. Among other
things, the sale is subject to the suspensive conditions of approval
by the responsible authorities and the implementation of internal
restructuring measures agreed within the Group.

To further streamline the Group´s structure, the Management Board and
Supervisory Board of VBAG today resolved to combine the banking
operations of VBAG and those of Investkredit Bank AG. Details of the
combination will be analysed and drawn up in the coming weeks. Legal
implementation will occur in the first half of 2011.

The implementation of these strategic options will serve to further
strengthen the business model of VBAG.

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 (issued on a fiduciary
basis by Banque de Luxembourg)

The five biggest listed issues of Österreichische
Volksbanken-Aktiengesellschaft in terms of issue volume:

ISIN:
XS0451759012
XS0417722393
XS0412533399
XS0271095357

AT000B053442

The issues of Österreichische Volksbanken-Aktiengesellschaft are
admitted on the following stock exchanges: Regulated unofficial
market of Wiener Börse AG Official trading of Wiener Börse AG EUWAX
segment of Baden-Württembergische Wertpapierbörse Regulated market of
Baden-Württembergische Wertpapierbörse Regulated market of the Prague
Stock Exchange Regulated market of the Luxembourg Stock Exchange Open
Market of Berlin Stock Exchange Open Market of Stuttgart Stock
Exchange Open Market of Frankfurt Stock Exchange

end of announcement euro adhoc
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ots Originaltext: Österreichische Volksbanken-Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Walter Gröblinger

Tel.: +43/ (0) 50 4004-0

E-Mail: walter.groeblinger@volksbank.com

Branche: Banking
ISIN: AT0000755665
WKN:
Index: Standard Market Auction
Börsen: Prague Stock Exchange / stock market
Wien / official market