Ad Hoc Information

During the business year 2009, Österreichische Volksbanken-AG (VBAG) has introduced comprehensive restructuring measures. One of these was the sale of the retail subsidiaries VB Wien, Immobank, Ärztebank and VB Linz-Mühlviertel to the Volksbank sector which has been put on track successfully.

During the Group´s repositioning in 2010 VBAG continues with the implementation of further measures. A formal process to evaluate all strategic options including strategic partnerships was established. Lazard & Co GmbH was mandated to accompany VBAG in this evaluation process.

Further inquiry note:
Walter Gröblinger
Tel.: +43/ (0) 50 4004-0
E-Mail: walter.groeblinger@volksbank.com
issuer: Österreichische Volksbanken-Aktiengesellschaft
Kolingasse 19
A-1090 Wien
phone: +43 0 50 4004-0
WWW: www.volksbank.com