EANS-Adhoc: Österreichische Post AG / AUSTRIAN POST ACQUIRES 25% STAKE IN ARAS KARGO, TURKEY

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Mergers - Acquisitions - Takeovers/Company Information
21.06.2013

Austrian Post has reached an agreement with the owners of the Turkish
parcel service provider Aras Kargo to acquire a 25% stake in the
company. 80% of the shares are currently in the hands of the
company's founders, the Aras family, and 20% is owned by the publicly
traded Turkish private equity company Is Private Equity. Provided
that approval is granted by antitrust authorities and other various
conditions are fulfilled, Austrian Post will acquire the 20% stake in
Aras Kargo from Is Private Equity along with 5% of the shares held by
the Aras family, which will thus continue to own a majority
shareholding of 75%. The purchase price for the 25% stake on the part
of Austrian Post amounts to a total of TRY 125m, corresponding to
about EUR 50m. Moreover, Austrian Post has a call option, which it
can exercise in 2016, entitling it to acquire a further 50% stake
from the Aras family on the basis of Aras Kargo's business results in
2015/16 and thus potentially increase its shareholding to 75%.

Aras Kargo is one of the leading Turkish parcel service providers
with annual revenue of approximately EUR 250m, delivering some 46m
parcels and 32m documents annually. The company has been operating in
the parcels business for more than 30 years, and has a market share
of over 25%. In recent years, Aras Kargo has been able to
disproportionately benefit from the growth of the Turkish market,
achieving revenue growth rates surpassing 15% p.a. The profitability
of the company has also continually improved, as demonstrated by an
EBITDA margin of over 10% in the 2012 financial year. The company
operates a nationwide network in Turkey, consisting of about 800
shops, 28 distribution centres and 2,600 delivery vehicles, with a
workforce of some 5,400 salaried employees.

"Thanks to this acquisition we have entered the prospective growth
market of Turkey, whose parcels market offers an enormous potential.
As a leading logistics provider, Aras Kargo has an excellent track
record in the Turkish market combined with a high level of service.
For these reasons, Aras Kargo optimally fits in the portfolio of
strategic shareholdings held by the Austrian Post Group", states
Austrian Post's Chief Executive Officer Georg Pölzl.

"The entry of Austrian Post into the Turkish market enables the
company to continue its profitable growth path and strive to further
increase its international market share. The outstanding reputation
and service quality of Aras Kargo is an excellent basis for the next
innovation and growth steps. Aras Kargo will offer best-in-class
solutions to its customers in its role as a pioneer of high quality
logistics services", Peter Umundum, head of Austrian Posts Parcel &
Logistics Division, adds.

"We are pleased to have attracted Austrian Post, a prominent European
parcel service provider, to be our partner. We are convinced that
Austrian Post, with its international and technological expertise,
will support Aras Kargo in further expanding its strong market
position. The clear objective is to become the number one provider in
the Turkish parcels market", says Evrim Aras, Chairman of the Board
of directors / CEO of Aras Kargo.

Further inquiry note:
Austrian Post
Head of Press & Internal Communications
Ms Ingeborg Gratzer
Tel.: +43 577677 24730
ingeborg.gratzer@post.at

Head of Investor Relations & Corp. Governance
Mr Harald Hagenauer
Tel.: +43 57767 30400
harald.hagenauer@post.at

end of announcement euro adhoc
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issuer: Österreichische Post AG
Haidingergasse 1
A-1030 Wien
phone: +43 (0)57767-0
mail: investor@post.at
WWW: www.post.at
sector: Transport
ISIN: AT0000APOST4
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English