EANS-Adhoc: Oesterreichische Volksbanken-AG (VBAG): Draft conclusion of recent JRAD audit received from FMA - requirement for total capital ratio 13.6% fo...

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other 19.12.2013

Oesterreichische Volksbanken-AG( VBAG) as central organisation of Volksbanken-Verbund announces that it was informed by the Austrian Financial Market Authority (FMA) on the result of the draft report of the Joint Risk Assessment and Decision-Process (JRAD) as per 31 Dec. 2012.

The FMA notes in this draft decision that Volksbanken-Verbund will have to ensure fulfillment of a total capital ratio of 13.6%. The exact date as per which Volksbanken-Verbund will have to comply with the ratio will be set by the FMA at a later stage.

In its last reporting to the Austrian National Bank on 31 Oct. 2013 Volksbanken-Verbund had a total capital ratio according to Basel II of 15%. This ratio will decline in future due to the changeover from Basel II to Basel III, as well as the loss of VBAG on a single entity level for the business year 2013, which will likely exceed euro 200 million. Additional capital measures are being evaluated in order to meet a possible capital requirement.

Stock exchange listed issues of participation capital issued by Österreichische Volksbanken-Aktiengesellschaft:

ISIN: AT0000755665 Österreichische Volksbanken-AG Partizipationsscheine XS0359924643 EUR 500,000,000 Perpetual Non Cumulative Participation Capital Certificates (emittiert auf treuhändischer Basis durch die Banque de Luxembourg) The five biggest listed issues of Österreichische Volksbanken-Aktiengesellschaft:

ISIN: AT000B115704, AT000B053442, AT000B056544, AT000B058011, AT000B057492

The issues of Österreichische Volksbanken-Aktiengesellschaft are admitted on the following exchanges: Geregelter Freiverkehr der Wiener Börse AG Amtlicher Handel der Wiener Börse AG Geregelter Markt der Luxemburger Börse Freiverkehr der Berliner Börse Freiverkehr der Börse Stuttgart

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   December 19, 2013 15:39 ET (20:39 GMT)- - 03 39 PM EST 12-19-13