EANS-Adhoc: Investkredit Bank AG / Resolution to transfer the banking business of Österreichische Volksbanken-Aktiengesellschaft (VBAG) to Investkredit Bank AG by way of de-merger planned for 19 May 2

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15.04.2011

It is planned that in the General Assembly on 19 May 2011 a
resolution will be passed on the transfer of VBAG´s banking business
to Investkredit Bank AG by means of a proportional de-merger. The
draft of the de-merger agreement stipulates (as set forth in detail
in the agreement) that VBAG as transferor company intends to transfer
its banking business to Investkredit Bank AG as assuming company by
way of an universal succession. The remaining EUR 700 million of the
state participation capital will be transferred to Investkredit Bank
AG. The company name of the unified bank will be changed to
Österreichische Volksbanken-AG. The de-merger is subject to approval
by the General Assemblies of both companies involved and by the FMA
(Austrian Financial Market Authority).The de-merger will be legally
effective when registered in the commercial register at the Vienna
Commercial Court which is expected to take place in the second half
of 2011. A separate notice will be published pursuant to the Austrian
De-Merger Act regarding the disclosure of the de-merger agreement as
required by law. The core shareholders of VBAG made the fundamental
decision on 15 April 2011 to acquire in 2011 part of the
participation capital of the Republic of Austria in an amount of EUR
300 million. This decision is subject to final approval by the
General Assembly in 2011 May.

The five biggest listed issues of Investkredit Bank AG in terms of issue volume:
ISIN:
XS0220043367

AT0000322458
AT0000322722
AT0000165873
AT0000479027

The issues of Investkredit Bank AG 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: Investkredit Bank AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Investkredit Bank AG
Mag. Julius Wallner
Tel.: +43 0 50 4004 - 4112
mailto:julius.wallner@investkredit.at

Branche: Banking
ISIN:
WKN:
Börsen: Wien / stock market