EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft / VBI Owner and Sberbank Signed Acquisition Agreement in Vienna

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Company Information

08.09.2011

The owners of Volksbank International AG (VBI) and the
representatives of the Sberbank of Russia (Sberbank) signed an
agreement relating to the acquisition of the VBI Group today in
Vienna. Until now, Österreichische Volksbanken-AG (VBAG) has held a
51% shareholding in VBI, whereas the German banking groups DZ BANK AG
/ WGZ BANK AG and the French BPCE S.A. have each held a 24.5% stake
in VBI. With the signing of the agreement, Sberbank agreed to acquire
a 100% stake in Volksbank International AG. VB Romania is not
included in the transaction. The deal price will be 1.0x VBI equity
(excluding VB Romania) ranging from EUR 585 million to EUR 645
million depending on business performance of VBI in 2011. In addition
to the sales price, Sberbank will assume financings provided by the
current owners in an amount of almost EUR 2.5 billion. Also at
closing, VBAG or a group of banks led by VBAG will provide Sberbank
with five-year funding in an amount of EUR 500 million. Closing of
the transaction is expected by the end of the year - after certain
conditions precedent are fulfilled.

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

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

Further inquiry note:
Ansprechpartner:

Walter Gröblinger

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

E-Mail: walter.groeblinger@volksbank.com

end of announcement euro adhoc
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issuer: Österreichische Volksbanken-Aktiengesellschaft
Kolingasse 19
A-1090 Wien
phone: +43 0 50 4004-0
WWW: www.volksbank.com
sector: Banking
ISIN: AT0000755665
indexes: Standard Market Auction
stockmarkets: stock market: Prague Stock Exchange, official market: Wien
language: English