EANS-Adhoc: OMV Aktiengesellschaft / OMV has reached an agreement for the sale of OMV (U.K.) Limited

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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/OMV / oil / gas / Austria / United Kingdom / Upstream / OMV
(U.K.) Limited 08.11.2016

OMV has reached an agreement for the sale of 100% of the shares in
its wholly owned subsidiary OMV (U.K.) Limited to Siccar Point Energy
Limited, Aberdeen. The transaction was approved in today's meeting of
the Supervisory Board of OMV but is, however, still subject to
signing of the relevant transaction documentation by the parties. The
signing is expected to take place during the course of today.

The overall transaction value is envisaged to amount to up to USD 1
billion. It consists of a firm payment of USD 750 million and a
contingent payment related to the Rosebank Final Investment Decision
in the amount of up to USD 125 million. On top, the parties agreed on
a purchase price adjustment with respect to CAPEX as of the effective
date of the transaction on January 1, 2016. This results in a further
consideration in the amount of approximately USD 125 million.

OMV expects a negative effect on OMV's Group EBIT according to IFRS
of approximately EUR 350 million at current exchange rates. This
includes a loss on sale of approximately EUR 458 million, envisaged
to be offset by foreign exchange gains of approximately EUR 100
million related to foreign operations that are expected to be
realized at closing.

The transaction is subject to conditions, including regulatory
approvals and is anticipated to close in Q1 2017.

Further inquiry note:
OMV
Investor Relations:
Magdalena Moll
Tel. +43 1 40 440-21600
e-mail: investor.relations@omv.com

Public Relations:
Robert Lechner
Tel. +43 1 40 440-21472
e-mail: public.relations@omv.com

Internet Homepage: http://www.omv.com

end of announcement euro adhoc
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issuer: OMV Aktiengesellschaft
Trabrennstraße 6-8
A-1020 Wien
phone: +43 1 40440/21600
FAX: +43 1 40440/621600
mail: investor.relations@omv.com
WWW: http://www.omv.com
sector: Oil & Gas - Downstream activities
ISIN: AT0000743059
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English

Original-Content von: OMV Aktiengesellschaft, übermittelt durch news aktuell