Creation of authorised capital for the planned capital increase

9/24/2010Vienna

In an Extraordinary General Meeting (EGM) on 24 September 2010, the shareholders of VERBUND AG have resolved on the creation of an authorised capital of up to 50 % of the current share capital for the planned capital increase of approx. EUR 1 billion.

The authorisation was accepted with a majority vote of 99,9 %. VERBUND AG welcomes the positive decision of its shareholders, especially those of its major shareholders, the Republic of Austria, EVN, Wiener Stadtwerke and TIWAG. Today's EGM forms the basis for the planned capital increase in Q4 2010.

Based on the resolution of the Council of Ministers on 31 August 2010, the Austrian parliament is scheduled to enact the enabling act for the participation of the Republic of Austria in the capital increase in its meeting on 21 October 2010. The exercise of the authorised capital is conditional upon the effectiveness of the enabling act and the participation of the Republic of Austria in the capital increase.

The capital increase should give VERBUND AG more flexibility to implement its long-term investment plan while concurrently strengthening its capital structure and securing a solid rating.

Disclaimer
"NOT FOR RELEASE; PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA OR TO U.S. PERSONS"
This document serves solely marketing purposes in Austria and does not constitute an offer of securities for sale, a solicitation of an offer to purchase or to subscribe for securities of VERBUND AG.  A public offer of securities of VERBUND AG may only be made in Austria after publication of a prospectus prepared in accordance with the provisions of the Austrian Capital Markets Act.  Any orders for the purchase of securities of VERBUND AG received prior to the commencement of a public offer in Austria will be rejected.  If a public offer of securities of VERBUND AG is made in Austria, a prospectus prepared in accordance with the Austrian Capital Markets Act will be published. 

This information is not for release, publication or distribution in or into the United States of America and may not be distributed to U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")) or publications with a general circulation in the United States, except to persons reasonably believed to be qualified institutional buyers ("QIBs") as defined in Rule 144A of the Securities Act.  This information does not constitute an offer of securities for sale, a solicitation of an offer to purchase or to subscribe for securities of VERBUND AG in the United States.  The securities of VERBUND AG may not be offered, sold or delivered in the United States or to or for the account or benefit of U.S. persons, unless registered under the Securities Act or pursuant to an exemption from such registration.  The securities will not be registered under the Securities Act.  There will be no public offer of securities of VERBUND AG in the United States."