VERBUND AG

M&A Activity • Sep 23, 2020

DGAP-Ad-hoc: VERBUNDAG/ Keyword(s): Mergers &Acquisitions VERBUNDAG: Binding offer for the acquisition of a 51%stake in Gas ConnectAustria GmbHaccepted

23-Sep-2020 / 08:00 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 insider 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 insider information disclosing that, after examining the proposal, the Executive Board of VERBUNDdecided to submit a binding offer to OMVfor the acquisition of its 51%stake in Gas ConnectAustria GmbH.

The Executive Board of VERBUNDhas nowannounced thatOMVand VERBUNDhave reached agreement on the transaction contract and OMVhas accepted VERBUND's offer to acquire a 51%stake in Gas ConnectAustria GmbH. The SupervisoryBoards ofOMVand VERBUNDhave approved the transaction. The contractwill be signed later on today.

The agreed purchase price for OMV's 51%stake in Gas ConnectAustria GmbHamounts to €271m. VERBUNDwill also assume Gas ConnectAustria GmbH's outstanding liabilities to OMVas at the time of closing in 2021.As of 31 December 2019, the liabilities amounted to €165.9m. The purchase price implies an enterprise value for Gas ConnectAustria GmbH(for 100%of the debt-free company) of €980m.

VERBUNDdoes not expect the transaction to have anyeffects on its full-year 2020 guidance because the closing will not take place until 2021, depending on the length of time required to issue the necessaryofficial permits and approvals.

Contact:

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

23-Sep-2020 CET/CESTThe DGAPDistribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases. Archive atwww.dgap.de

Language: Company:	English VERBUNDAG Am Hof 6A 1010 Wien Austria
Phone:	0043-1-53113-52604
Fax:	0043-1-53113-52694
E-mail:	investor-relations@verbund.com
Internet:	www.verbund.com
ISIN:	AT0000746409
WKN:	877738
Indices:	ATX
Listed: EQSNews ID:	Foreign Exchange(s) Vienna Stock Exchange (Official Market) 1135389

End ofAnnouncement DGAPNews Service