EANS-Adhoc: ÖSTERREICHISCHE VOLKSBANKEN-AKTIENGESELLSCHAFT PUBLISHES THE RESULTS OF THE OFFER TO EXCHANGE SUPPLEMENTARY NOTES

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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other
23.07.2013

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO ANY PERSON RESIDENT
AND/OR LOCATED IN THE UNITED STATES OR TO ANY OTHER U.S. PERSON 23
July 2013 ÖSTERREICHISCHE VOLKSBANKEN-AKTIENGESELLSCHAFT (the
"Issuer") hereby announces the results of the invitation to make
offers to exchange (the "Offer")the

following notes (the "Existing Notes")
4% bis 7% OEVAG ERG.KAP.ANL.04/14 (ISIN: AT0000438569)
10J.FRN Ergänzungskapitalanleihe 05-15 (ISIN: AT0000439708)
4,17% Ergänzungskapitalanleihe 05-15 (ISIN: AT0000439716)
Callable 13J.FRN Ergänzungskapitalanleihe 2005-2018 (ISIN: AT0000439732)
Kündbare 4,35% Ergänzungskapital 2005-2018 (ISIN: AT0000440029)
5,45% ÖVAG-Kündbare Ergänzungskapitalanleihe 2004-2019 (ISIN: AT0000438767)
Callable FRN Ergänzungskapitalanleihe 2006-2019 (ISIN: AT000B052840)
Step up to 8% Ergänzungskapital-Anleihe 2005-2020 (ISIN: AT0000439765)
5,5% / 6,375% OEVAG kündbare ERG.KAP.ANL. 04/24 (ISIN: AT0000438551)
5,65% / 6,375% OEVAG KB.ERG.KAP.AN.04/24 (ISIN: AT0000438577)
Kündbare 4,81% Ergänzungskapitalanleihe 05-2025 (ISIN: AT0000439724)
Kündbare 4,90% Ergänzungskapitalanleihe 2005-2025 (ISIN: AT0000439807)

into the following newly to be issued notes (the "New Notes"):
Nachrangige FRN Schuldverschreibungen Volksbank AG 2013 - 2018 (ISIN:
AT000B115902)
Nachrangige FRN Schuldverschreibungen Volksbank AG 2013 - 2019 (ISIN:
AT000B115910)
Nachrangige FRN Schuldverschreibungen Volksbank AG 2013 - 2020 (ISIN:
AT000B115928)
Nachrangige FRN Schuldverschreibungen Volksbank AG 2013 - 2024 (ISIN:
AT000B115936)
Nachrangige FRN Schuldverschreibungen Volksbank AG 2013 - 2025 (ISIN:
AT000B115944)

The conditions of the Offer were set out in the exchange offer memorandum dated
26 June 2013 (the "Exchange Offer Memorandum"). Terms used herein shall have the
same meaning as in the Exchange Offer Memorandum.
The Offer ended at 5:00 pm (CET) on 18 July 2013. The Issuer herewith publishes

the total principal amount of the Existing Notes exchanged in the
Offer and the newly to be issued New Notes pursuant to the Offer as
follows: ___________________________________________________________
___________________

| Existing Notes | Total |Exchange ratio| New Notes | Total |
| | principal | (%) | | principal |
| |amount of the | | |amount of the |
| |Existing Notes| | | New Notes to |
| | that have | | | be issued in |
| | participated | | | the Offer |
| |in the Offer | | | (EUR) |
|__________________|____(EUR)_____|______________|______________|______________|
|4% bis 7% OEVAG | 15.656.000| 49.97|Nachrangige | |
|ERG.KAP.ANL.04/14 | | |FRN Schuldver-| 7.823.303,20|
| | | |schreibungen | |
| | | |Volksbank AG | |
| | | |2013 - 2018 | |
|__________________|______________|______________|______________|______________|
|10J.FRN | 13.000.000| 35.83|Nachrangige | |
|Ergänzungs- | | |FRN Schuldver-| 4.657.900,00|
|kapitalanleihe | | |schreibungen | |
|05.15 | | |Volksbank AG | |
| | | |2013 - 2018 | |
|__________________|______________|______________|______________|______________|
|4,17% Ergänzungs- | 20.000.000| 38.13|Nachrangige | |
|kapitalanleihe 05-| | |FRN Schuldver-| 7.626.000,00|
|15 | | |schreibungen | |
| | | |Volksbank AG | |
| | | |2013 - 2018 | |
|__________________|______________|______________|______________|______________|
|Callable 13J.FRN | 60.300.000| 31.38|Nachrangige | |
|Ergänzungs- | | |FRN Schuldver-| 18.922.140,00|
|kapitalanleihe | | |schreibungen | |
|2005-2018 | | |Volksbank AG | |
| | | |2013 - 2018 | |
|__________________|______________|______________|______________|______________|
|Kündbare 4,35% | 10.000.000| 37.28|Nachrangige | |
|Ergänzungs- | | |FRN Schuldver-| 3.728.000,00|
|kapitalanleihe | | |schreibungen | |
|2005-2018 | | |Volksbank AG | |
| | | |2013 - 2018 | |
|__________________|______________|______________|______________|______________|
|5,45% ÖVAG- | 4.720.000| 48.35|Nachrangige | |
|Kündbare | | |FRN Schuldver-| 2.282.120,00|
|Ergänzungs- | | |schreibungen | |
|kapitalanleihe | | |Volksbank AG | |
|2004-2019 | | |2013 - 2019 | |
|__________________|______________|______________|______________|______________|
|Callable FRN | 12.000.000| 23.80|Nachrangige | 2.856.000,00|
|Ergänzungs- | | |FRN Schuldver-| |
|kapitalanleihe | | |schreibungen | |
|2006-2019 | | |Volksbank AG | |
| | | |2013 - 2019 | |
|__________________|______________|______________|______________|______________|
|Step up to 8% | 1.835.000| 43.64|Nachrangige | |
|Ergänzungskapital-| | |FRN Schuldver-| 800.794,00|
|Anleihe 2005-2020 | | |schreibungen | |
| | | |Volksbank AG | |
| | | |2013 - 2020 | |
|__________________|______________|______________|______________|______________|
|5,5% / 6,375% | 32.900.000| 55.11|Nachrangige | |
|OEVAG kündbare | | |FRN Schuldver-| 18.131.190,00|
|ERG.KAP.ANL. 04/24| | |schreibungen | |
| | | |Volksbank AG | |
| | | |2013 - 2024 | |
|__________________|______________|______________|______________|______________|
|5,65% / 6,375% | 21.000.000| 54.77|Nachrangige | |
|OEVAG | | |FRN Schuldver-| 11.501.700,00|
|KB.ERG.KAP.AN.04/ | | |schreibungen | |
|24 | | |Volksbank AG | |
| | | |2013 - 2024 | |
|__________________|______________|______________|______________|______________|
|Kündbare 4,81% | 33.400.000| 42.04|Nachrangige | |
|Ergänzungs- | | |FRN Schuldver-| 14.041.360,00|
|kapitalanleihe 05-| | |schreibungen | |
|2025 | | |Volksbank AG | |
| | | |2013 - 2025 | |
|__________________|______________|______________|______________|______________|
|Kündbare 4,90% | 7.000.000| 42.22|Nachrangige | |
|Ergänzungs- | | |FRN Schuldver-| 2.955.400,00|
|kapitalanleihe | | |schreibungen | |
|2005-2025 | | |Volksbank AG | |
| | | |2013 - 2025 | |
|__________________|______________|______________|______________|______________|

The day of the expected settlement of the Offer is 26 July 2013.
Holders whose exchange offer has been accepted by the Issuer will
receive the New Notes by way of book transfer on the settlement day
in accordance with the Exchange Offer Memorandum. After the
conclusion of the Offer, the Existing Notes will remain outstanding
in the following principal amounts:

_____________________________________________________________________
________

| Existing Notes | Total principal amount of the |
| | outstanding Existing Notes after |
| | conclusion of the Offer (EUR) |

|________________________________________|___________________________
_________| |4% bis 7% OEVAG ERG.KAP.ANL.04/14 |16.380.000
| |________________________________________|_________________________
___________| |10J.FRN Ergänzungskapitalanleihe 05.15 |4.100.000
| |________________________________________|_________________________
___________| |4,17% Ergänzungskapitalanleihe 05-15 |1.000.000
| |________________________________________|_________________________
___________| |Callable 13J.FRN |2.900.000
| |Ergänzungskapitalanleihe 2005-2018 |
| |________________________________________|_________________________
___________| |Kündbare 4,35% Ergänzungskapital 2005- |0
| |2018 |
| |________________________________________|_________________________
___________| |5,45% ÖVAG-Kündbare |30.000
| |Ergänzungskapitalanleihe 2004-2019 |
| |________________________________________|_________________________
___________| |Callable FRN Ergänzungskapitalanleihe |0
| |2006-2019 |
| |________________________________________|_________________________
___________| |Step up to 8% Ergänzungskapital-Anleihe |4.685.000
| |2005-2020 |
| |________________________________________|_________________________
___________| |5,5% / 6,375% OEVAG kündbare |0
| |ERG.KAP.ANL. 04/24 |
| |________________________________________|_________________________
___________| |5,65% / 6,375% OEVAG KB.ERG.KAP.AN.04/24|0
| |________________________________________|_________________________
___________| |Kündbare 4,81% Ergänzungskapitalanleihe |1.100.000
| |05-2025 |
| |________________________________________|_________________________
___________| |Kündbare 4,90% Ergänzungskapitalanleihe |500.000
| |2005-2025 |
| |________________________________________|_________________________
___________|

Further Information A comprehensive description of the terms and
conditions of the Offer may be found in the Exchange Offer
Memorandum. Questions in connection with the Offer shall be directed
to the Issuer:

ISSUER
Österreichische Volksbanken-Aktiengesellschaft
Kolingasse 14-16
1090 Vienna
Austria
http://www.volksbank.com/investor_relations
investorrelations@volksbank.com

This announcement must be read in conjunction with the Exchange Offer
Memorandum. No invitation to acquire or exchange any Notes or to make
such an offer is being made pursuant to this announcement. Selling
Restrictions This notice does not constitute an offer to exchange or
buy or a solicitation of an offer to exchange or sell any Notes in
any jurisdiction. The distribution of this notice may in certain
jurisdictions be restricted by law or regulation. Persons into whose
possession this notice comes are required by the Issuer and the
Tender Agent to inform themselves about, and to observe, any such
restrictions. The five biggest listed issues of Österreichische
Volksbanken-Aktiengesellschaft in terms of issue volume: ISIN:
AT000B053442 AT000B115704 AT000B056544 AT000B058011 AT000B057492

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
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:
Walter Gröblinger Tel.: +43/ (0) 50 4004-3864
E-Mail: walter.groeblinger@volksbank.com

end of announcement euro adhoc
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issuer: Österreichische Volksbanken-Aktiengesellschaft
Kolingasse 14-16
A-1090 Wien
phone: +43 0 50 4004-0
WWW: www.volksbank.com
sector: Banking
ISIN: AT0000755665
indexes: Standard Market Auction
stockmarkets: Regulated free trade: Wien, stock market: Prague Stock Exchange
language: English