Ad hoc announcement

Share Buyback/Share Buyback

EVN AG: EVN plans to implement a share buyback programme of its own shares  

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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At the 79th Annual General Meeting of the shareholders of the EVN AG, held
on January 17, 2008, the EVN Executive Board was authorized, in accordance
with � 65 (1) line 8 of the Austrian Stock Corporation Act, to acquire its
own non-par value bearer shares in the company. The Executive Board of the
EVN AG has now decided to exercise this option to buy back the shares. It
is intended to buy back up to 1,000,000 shares, representing 0.612% of the
current share capital, on the Vienna Stock Exchange.

The share buyback is primarily designed to improve the supply and demand of
the EVN share on the Vienna Stock Exchange, which the company considers to
be undervalued. Trading with own shares for profit-making purposes is
excluded. The share buyback programme will begin on July 24, 2008 and end
on March 31, 2009 at the latest.

Details on the share buyback programme pursuant to � 5 (2) Austrian
Disclosure Regulation 2002:

1.The day on which the resolution authorising the share buyback
  programme was approved by the Annual General Meeting was January 17,
  2008. 
2.The day on which the announcement of the resolution passed by the 
  Annual General Meeting authorising the share buyback programme pursuant
  to � 82 (8) Austrian Stock Exchange Act was July 17, 2008. 
3.The share buyback programme commences on July 24, 2008, and is 
  anticipated to continue until March 31, 2009. 
4.The share buyback programme concerns non-par value bearer shares of EVN
  AG. 
5.The intended volume of the repurchase of the company�s own shares is 
  up to 1,000,000 shares, which corresponds to 0.612% of the current
  share capital of the company. 
6.Pursuant to a resolution of the Annual General Meeting, the lowest
  nominal value to be paid per share is the share price of the EVN share
  on the last day of trading before the day on which the option to buy
  back shares is exercised less a 5% deduction, and the highest nominal
  value to be paid per share is the share price of the EVN share on the 
  last day of trading before the day on which the option to buy back 
  shares is exercised including a 5% additional charge.  
7.The buyback programme of own shares will take place on the Vienna Stock
  Exchange. The main purpose of the share buyback programme is to improve
  the supply and demand for the EVN share on the Vienna Stock Exchange,
  as the company considers the exchange to be undervalued. Trading with
  own shares for profit-making purposes is excluded. 
8.The share buyback programme will not have an effect on the stock market
  listing of the issuer. 
9.EVN does not offer any stock option programme at present. 

EVN AG intends to fulfill its disclosure requirements pursuant to �� 6 and
7 Austrian Disclosure Regulation 2002 by publishing the relevant
information on its Website at www.investor.evn.at.



EVN AG
Corporate Communications
EVN Group

Stefan Zach
EVN Platz
A-2344 Maria Enzersdorf
Tel.: +43 2236 200-122 94
Fax: +43 2236 200-822 94
Mobil: +43 676 810 32 2294
stefan.zach@evn.at
www.evn.at 





(c)DGAP 16.01.2009 
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Language:     English
Issuer:       EVN AG
              EVN Platz
              2344 Maria Enzersdorf
              �sterreich
Phone:        +43-2236-200-12294
Fax:          +43-2236-200-82294
E-mail:       info@evn.at
Internet:     www.evn.at
ISIN:         AT0000741053
WKN:          074105
Indices:      ATX
Listed:       Foreign Exchange(s) Wien
 
End of News                                     DGAP News-Service
 
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