EANS-Adhoc: immigon portfolioabbau ag / Results of the buyback programme for supplementary capital notes (2 November 2016)

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is solely responsible for the content of this announcement.
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other/Company Information
02.11.2016

Results of the buyback programme for supplementary capital notes
(2 November 2016)

On 6 October 2016, immigon portfolioabbau ag (formerly
Österreichische Volksbanken-Aktiengesellschaft), Peregringasse 2,
1090 Vienna, Republic of Austria, FN 116476p ("immigon") announced
the launch of a buyback programme for supplementary capital notes and
published the same on 6 October 2016. Creditors of 9 series of
supplementary capital notes (the "Notes") were addressed and invited
to offer immigon their outstanding Notes for repurchase. On 28
October 2016, 17:00 CET the offer period expired. The intended total
consideration amount was EUR 55 million.

Offers received from investors comprised Notes with a total nominal
volume of around EUR 67.5 million. Following an evaluation of the
offers received and prices offered, the management board (Vorstand)
of immigon resolved on 2 November 2016 to accept offers for a total
consideration amount including accrued interest of EUR 55.1 million.

The Settlement Date in respect of those Notes accepted for repurchase
was set to be on 4 November 2016.

Subject to access and offer and distribution restrictions, the
details of the results of the tender offers are:

_____________________________________________________________________
_____ | | | |Tender|Series
|Accrued | | |Description of Notes |ISIN |Price
|Acceptance|Interest | |____|________________________|____________
|[1]___|Amount[2]_|____________| |1. |7% Investkredit
|AT0000322458|90.00 | EUR| EUR| |
|Ergänzungskapital- | | %
|25,500,000|1,188,369.86| |____|Anleihe_2001-2021/PP____|____________
|______|__________|____________| |2. |7% Investkredit-
|AT0000322466|95.00 | EUR| EUR| |
|Ergänzungskapital- | | % |15,000,000|
688,333.33| |____|Obligation_2001-2021/P__|____________|______|______
____|____________|

|3. |6,70% / 7% |AT0000322557|87.95%| EUR| EUR|
| |Ergänzungskapital- | | | 8,000,000| 208,444.44|
| |Schuldverschreibung | | | | |
| |2002-2012/2022 der | | | | |
|____|Investkredit_bank_AG____|____________|______|__________|____________|
|4. |Euro CMS linked / 7% |AT0000322581|93.00 | EUR| EUR|
| |nachrangige | | % | 4,000,000| 77,777.78|
| |Ergänzungskapital- | | | | |
| |Schuldverschreibungen | | | | |
| |2002-2022/4 der | | | | |
|____|Investkredit_Bank_AG____|____________|______|__________|____________|
|5. |5,45% - ÖVAG -Kündbare |AT0000438767|65.10 |EUR 20,000| EUR 280.71|
| |Ergänzungskapital- | | % | | |
|____|Anleihe_2004-2019_______|____________|______|__________|____________|
|6. |Kündbare 4,81% |AT0000439724| - | -| -|
| |Ergänzungskapitalanleihe| | | | |
| |2005-2025 der | | | | |
| |Österreichische | | | | |
| |Volksbanken- | | | | |
|____|Aktiengesellschaft______|____________|______|__________|____________|
|7. |Callable 13 Jahre FRN |AT0000439732|72.50 | EUR|EUR 8,578.27|
| |Ergänzungskapitalanleihe| | % | 2,400,000| |
|__ _|2005-2018_______________|____________|______|__________|____________|
|8. |STEP UP TO 8% |AT0000439765|85.00 | EUR| EUR|
| |Ergänzungskapital - | | % | 3,514,000| 27,919.45|
| |Anleihe 2005-2020 der | | | | |
| |Österreichische | | | | |
| |Volksbanken- | | | | |
|____|Aktiengesellschaft______|____________|______|__________|____________|
|9. |Kündbare 4,90% |AT0000439807|36.90 | EUR|EUR 5,235.62|
| |Ergänzungskapitalanleihe| | % | 500,000| |
| |2005-2025 der | | | | |
| |Österreichische | | | | |
| |Volksbanken- | | | | |
|____|Aktiengesellschaft______|____________|______|__________|____________|

Mandatory information pursuant to the Disclosure and Notification
Regulation (Veröffentlichungs- und Meldeverordnung - VMV)

The following issues of participation capital (Partizipationskapital)
of immigon are admitted to trading on a regulated market in a Member
State of the European Economic Area:

ISIN: XS0359924643 EUR 500,000,000 Perpetual Non Cumulative
Participation Capital Certificates (issued by Banque de Luxembourg as
trustee)

The five exchange-listed bonds issued by immigon with the highest
nominal volume outstanding are:

ISIN: AT000B056544, AT000B053442, AT000B115902, AT000B060462,
AT0000322458

Securities issued by immigon are admitted to trading on the following
stock exchanges:

Geregelter Freiverkehr of the Vienna Stock Exchange (Wiener Börse AG)
Regulated Market of Luxembourg Stock Exchange
Open market (Freiverkehr) of Berlin Stock Exchange
Open market (Freiverkehr) of Stuttgart Stock Exchange
Open Market (Freiverkehr) of Frankfurt Stock Exchange

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[1] Expressed as a percentage of the principal amount of the relevant
Notes.
[2] The amount of Notes of the relevant Series in the relevant currency

elected for repurchase.

Further inquiry note:
Thomas Heimhofer
immigon portfolioabbau ag
Mobil: +43 (0) 676 790 7890
Mail to: thomas.heimhofer@immigon.com

end of announcement euro adhoc
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issuer: immigon portfolioabbau ag
Peregringasse 2
A-1090 Wien
phone: +43 (0)1 313 40-0
mail: info@immigon.com
WWW: www.immigon.com
sector: Banking
ISIN: AT000B056544, AT000B053442, XS0275528627, AT000B060462,
AT000B115902
indexes:
stockmarkets: free trade: Berlin, Stuttgart, regulated dealing: Luxembourg Stock
Exchange, Regulated free trade: Wien
language: English

Original-Content von: immigon portfolioabbau ag, übermittelt durch news aktuell