VERBUND AG — Capital/Financing Update 2010

Jun 30, 2010

News Details

Ad-hoc | 30 June 2010 08:31

VERBUND AG: Majority shareholder creates option for capital increase

VERBUND AG / Capital Increase/Capital Increase

30.06.2010 08:31

Dissemination of an Ad hoc announcement, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Based on yesterday's approval by the Supervisory Board of Verbund, the
Presidential Committee of the Supervisory Board this morning empowered the
Managing Board of Verbund to convene an Extraordinary General Meeting for
the beginning of September with the creation of authorized capital for a
potential capital increase as an agenda item. Representatives of the
majority shareholder, the Republic of Austria, support a potential capital
increase of approximately EUR 1 billion and are prepared to participate
with approximately EUR 500 million.

This measure will give the company additional flexibility in executing its
long term investment program and secure a solid capital structure at the
same time.

Contact:
Andreas Wollein
Head of Group Finance and Investor Relations
T.: +43 (0)5 03 13 - 52604
F.: +43 (0)5 03 13 - 52694
mailto:investor@verbund.at

30.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: VERBUND AG
Am Hof 6A
1010 Wien
Österreich
Phone: 0043-1-53113-52616
Fax: 0043-1-53113-52694
E-mail: andreas.wollein@verbund.at
Internet: www.verbund.at
ISIN: AT0000746409
WKN: 877738
Indices: ATX
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, München, Düsseldorf, Stuttgart,
Hamburg; Foreign Exchange(s) Wien (Amtlicher Handel /
Official Market)

End of News DGAP News-Service

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