VERBUND AG

Earnings Release • May 31, 2021

31-May-2021 / 15:31 CET/CEST Disclosure of an inside information acc. toArticle 17 MARof the Regulation (EU) No 596/2014, transmitted byDGAP- a service of EQS GroupAG.

The issuer is solelyresponsible for the content of this announcement.

On 12 March 2020, VERBUNDAG("VERBUND") issued inside information announcing that VERBUNDwas examining the financial and strategic aspects of a possible acquisition ofOMV's 51%stake in Gas ConnectAustria GmbH.On 15 June 2020, VERBUNDissued inside information disclosing that, after examining the proposal, the Executive Board of VERBUNDhad decided to submit a binding offer to OMVfor the acquisition of its 51%stake in Gas ConnectAustria GmbH.On 23 September 2020, the Executive Board of VERBUNDissued inside information announcing thatOMVand VERBUNDhad reached agreement on the transaction contract and OMVhad accepted VERBUND's offer to acquire a 51%stake in Gas ConnectAustria GmbH. The contracts were signed on the same date.

The Executive Board of VERBUNDhas nowannounced that the acquisition was completed today.

The agreed purchase price for OMV's 51%stake in Gas ConnectAustria GmbHis €271m, less the distributed dividend for business year 2020 amounting to approx. €33m (for the 51%stake ofOMV). VERBUNDwill also assume anyoutstanding liabilities ofGas Connect Austria group to OMVin the amount of approx. €212m.

The completion of this acquisition has led VERBUNDto adjust its earnings forecast for financial year 2021. Based on expectations of average own generation from hydropower and wind power for the remainder of the year and the opportunities and risks identified (as of the end of March), VERBUNDexpects EBITDAof between approximately€1,180m and €1,350m and a Group result of between approximately€490m and €600m in financial year 2021. VERBUND's planned payout ratio for 2021 is between 45%and 55%of the Group result of between around €490m and €600m, after adjustment for non-recurring effects.

This transaction is an important strategic milestone for VERBUND. The acquisition of the stake in Gas ConnectAustria GmbHnot only sharpens VERBUND's business profile as the owner and operator of critical infrastructure due to the increased proportion of stable and regulated income as well as a positive trend in the KPIs, but also puts VERBUNDin an ideal position for sector coupling above all.

Contact:

Andreas Wollein Head ofGroup Finance and Investor Relations T.: +43 (0)5 03 13 - 52604 F.: +43 (0)5 03 13 - 52694 mailto:investor-relations@verbund.com

31-May-2021 CET/CESTThe DGAPDistribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases. Archive atwww.dgap.de

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EQSNews ID:	1202682

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