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immigon portfolioabbau ag / Forecast for year end results 2015; low three-digit million figure expected as year end result (27 August 2015)

Published: August 27, 2015; 15:45 · (FriedlNews)

immigon portfolio ag has achieved a positive effect on its results deriving from the buyback programme for non-subordinated liabilities offered from 10 July through 28 July 2015 resulting from the repurchase below the repayment amount and the subsequent termination of de-rivatives (see ad hoc release dated 31 July 2015).

adhoc disclosure transmitted by euro adhoc with the aim of a Europewide distribution. The issuer is solely responsible for the content of this announcement.

Earnings Forecast/Company Information
27.08.2015

Ad-hoc release pursuant to the Austrian Stock Exchange Act (Börsegesetz -
BörseG) / immigon portfolioabbau ag
immigon: Forecast for year end results 2015; low three-digit million figure
expected as year end result (27 August 2015)

immigon portfolio ag has achieved a positive effect on its results deriving from
the buyback programme for non-subordinated liabilities offered from 10 July
through 28 July 2015 resulting from the repurchase below the repayment amount
and the subsequent termination of de-rivatives (see ad hoc release dated 31 July
2015). Following the final calculation of the amounts due resulting from the
termination of the derivatives, which were entered into in connection with the
repurchased issuances, and determination of the effects thereof on the profit
and loss statement and taking into account the results of the wind-down
measures, the sale of shareholdings and further valuation assessments, the
management board has pre-pared a new forecast for 2015 on 27 August 2015.
Based on its current estimate, the management board is expecting a low
three-digit million figure as annual net profit after taxes for immigon
portfolioabbau ag's individual financial statements (Austrian Commercial Code -
UGB). So far, an amount of approximately EUR 25 million was expected as annual
net profit after taxes for immigon portfolioabbau ag's individual financial
statements (see the presentation Neuordnung Volksbanken-Verbund, Spaltung,
Abbaugesellschaft published on immigon portfolioabbau ag's homepage - as
referred to in the ad hoc release dated 24 June 2015).

immigon portfolioabbau ag is a wind-down company in accordance with the Federal
Act on the Recovery and Resolution of Banks (BaSAG) and is thus exposed to
uncertainties and risks of its wind-down process, such as risks related to the
proceeds achievable in the course of the sale of its assets, outstanding loans,
higher expenses and warranty claims.

As far as the likelihood of payments in respect of certain profit-related
instruments (in accordance with the terms and conditions of such instruments)
for the financial year 2015 is concerned, immigon portfolioabbau ag may refer to
its ad hoc release dated 31 July 2015. As of today, it is envisaged that, in
order to protect itself against the risks in the wind-down process, immigon (in
particular due to its business activity as wind-down company) will transfer its
net profit to its reserves to the largest extent possible.

Mandatory information pursuant to the disclosure and notification regulation
(Verö-ffentlichungs- und Meldeverordnung - VMV)

The following issues of participation capital (Partizipationskapital) of immigon
portfolioabbau ag (formerly Österreichische Volksbanken-Aktiengesellschaft) are
admitted to trading on a regulated market in a Member State of the European
Economic Area:

ISIN:
AT0000755665 Österreichische Volksbanken-AG Participation Certificates
XS0359924643 EUR 500,000,000 Perpetual Non Cumulative Participation Capital
Certifica-tes (issued by Banque de Luxembourg as trustee)

The five bonds issued by immigon portfolioabbau ag (formerly Österreichische
Volksbanken-Aktiengesellschaft) with the highest nominal volume:

ISIN:
AT000B056544
AT000B053442
XS0275528627
AT000B060462
AT0000439690

Securities issued by immigon portfolioabbau ag (formerly Österreichische
Volksbanken-Aktiengesellschaft) are admitted to trading on the following stock
exchanges:

Geregelter Freiverkehr of the Vienna Stock Exchange (Wiener Börse AG)
Amtlicher Handel 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

Press contact:
Thomas Heimhofer
immigon portfolioabbau ag
mobile: +43 (676) 790 7890
email: thomas.heimhofer@immigon.com

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

Digital press kit: http://www.ots.at/pressemappe/1267/aom

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