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OMV has reached an agreement with Uniper for the acquisition of 24.99% of the economic rights in the production of the Yuzhno Russkoye field in Western Siberia for a purchase price of USD 1,850 mn (EUR 1,749 mn)

Published: March 5, 2017; 21:44 · (FriedlNews)

OMV has reached an agreement with Uniper SE for the acquisition of shares in two Russian companies (OJSC Severneftegazprom and JSC Gazprom YRGM Development) for a purchase price USD 1,850 million (approx. EUR 1,749 million based on an agreed exchange rate of EUR 1 = USD 1.0575) plus cash on balance sheet per December 31, 2016.

 

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Mergers - Acquisitions - Takeovers/Austria/Russia/Gas 05.03.3017 05.03.2017

Today, OMV has reached an agreement with Uniper SE for the acquisition of
shares in two Russian companies (OJSC Severneftegazprom and JSC Gazprom YRGM
Development) for a purchase price USD 1,850 million (approx. EUR 1,749 million
based on an agreed exchange rate of EUR 1 = USD 1.0575) plus cash on balance
sheet per December 31, 2016. The transaction provides for OMV receiving 24.99%
of the economic rights in the production of the Yuzhno Russkoye field in
Western Siberia. The execution and implementation of the transaction has
already been approved by the Supervisory Board of OMV. The transaction is 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 Yuzhno
Russkoye field is one of the largest gas fields in Russia, situated in the
Yamal-Nenets region. OMV's share of the remaining recoverable reserves during
the license term (lasting until the end of the year 2043) amounts to
approximately 580 mn barrels of oil equivalents ("boe"). OMV's share of the
daily production is estimated to be 100,000 boe/day. The capital expenditures
(CAPEX) are expected toamountto USD 20 mn per year until license expiry. The
implementation of the transaction is subject to further conditions, including
co-shareholder consent as well as merger control and foreign investment control
clearance in Russia. The transaction is anticipated to close by year end and
will be retroactively effective as of January 1, 2017.

Further inquiry note:
OMV
Magdalena Moll, Investor Relations

Tel.: +43 (1) 40 440-23056; e-mail: investor.relations@omv.com Robert Lechner,
Media Relations Tel.: +43 (1) 40 440-21472; e-mail: robert.lechner@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

Digital press kit: http://www.ots.at/pressemappe/145/aom

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