VERBUND plans to issue inaugural Euro Benchmark Bond

6/11/2007Wien

VERBUND (Österreichische Elektrizitätswirtschafts AG), Austria’s leading domestic electricity generation and transmission company, plans to issue its inaugural Euro Benchmark Bond in the international bond market.

With this transaction VERBUND intends to further broaden its investor base and to take advantage of currently attractive market conditions. The proceeds of the envisaged bond issue will be used for general corporate purposes.

Barclays Capital and Citi Markets & Banking have been mandated as joint bookrunners for this transaction. The bond will be listed on the Luxembourg and Vienna Stock Exchange. Launch is expected in the near future following a European roadshow, subject to market conditions.