EANS-Adhoc: KA Finanz AG / Notification of termination of the over-collateralisation agreement as a result of the termination of Moody's rating regarding the covered bank bonds taken over by KA Finanz

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12.11.2015

12.11.2015

KA Finanz AG, Commercial Register number FN 128283b (KF), referring
to its ad-hoc announcements dated 25/09/2015 and 16/10/2015, herewith
informs that Moody's Rating Agency today communicated the termination
of its rating of those covered bank bonds (as listed below) which
were transferred to KF by way of the merger of Kommunalkredit Austria
AG "Old" (KA Old) into KF as of 26/09/2015.

Thus, the agreement regarding the over-collateralisation (28% nominal
over-collateralisation in the cover pool) of the below listed covered
bank bonds issued by KA Old (the Over-Collateralisation Agreement),
concluded by KA Old on 27/01/2011, is automatically terminated.

KF herewith notifies, that it will continue to hold a voluntary
nominal over-collateralisation of 28% for the below listed covered
bank bonds.

For newly issued covered bank bonds, KF aims to hold a voluntary
nominal over-collateralisation of about 10%, as communicated in its
ad-hoc announcement dated 16/10/2015.

A rating for KF's covered bank bonds by the rating agency Standard &
Poor's is currently in preparation.

ISINs of the covered bank bonds concerned:
XS1202230204 XS1189108340 XS1045121784 XS1045221063 XS1046170699
XS0236776877 XS0592235187 XS0973424152 XS1033673440

ISINs of all securities issued by KF which are admitted to trading on
a regulated market: AT0000329859; AT0000441209; XS0140045302;
XS0144772927; XS0180539420; XS0185015541; XS0235597068; XS0236776877;
XS0255439803; XS0257275098; XS0261832942; XS0279423775; XS0286975973;
XS0354530916; XS0592235187; XS0973424152; XS1003354252; XS1016032457;
XS1020014608; XS1033673440; XS1040273267; XS1045121784; XS1045221063;
XS1046170699; XS1072804484; XS1270771006

Further inquiry note:
KA Finanz AG
Treasury - Investor Relations
Dinah Reiss
A-1092 Wien, Türkenstraße 9
Tel.: ++43(0)1/310 06 06-678
Fax : ++43(0)1/310 06 06-505 or 99678
Mail: d.reiss@kafinanz.at

end of announcement euro adhoc
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issuer: KA Finanz AG
Türkenstraße 9
A-1092 Wien
phone: +43/1/310 06 06
FAX: +43/1/310 06 06 - 404
mail: info@kafinanz.at
WWW: www.kafinanz.at
sector: Banking
ISIN: -
indexes:
stockmarkets: stock market: Luxembourg Stock Exchange, Wien
language: English