Ad hoc announcement EVN AG / Keyword(s): Share Buyback/Share Buyback EVN AG: EVN plans to implement a share buyback programme Ad hoc announcement transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------ On 21 January 2016, the Executive Board of EVN AG decided based on an authorising resolution of the 87th Annual General Meeting of the shareholders of the EVN AG, held on 21 January 2016, to acquire its own zero par value bearer shares in the company. It is intended to buy back up to 1,000,000 shares, representing up to 0.556% 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. Trading with own shares for profit-making purposes is excluded. The share buyback programme will begin on 28 January 2016 and end on 31 October 2016 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 21 January 2016. 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 21 January 2016. 3. The share buyback programme commences on 28 January 2016, and is anticipated to continue until 31 October 2016. 4. The share buyback programme concerns zero par value bearer shares of EVN AG. There are no other classes of shares. 5. The intended volume of the repurchase of the company's own shares is up to 1,000,000 shares, which corresponds up to 0.556% of the current share capital of the company. 6. Pursuant to a resolution of the Annual General Meeting, the nominal value to be paid per share has to be in the range of 20% below and 10% above the EVN share price on the last day of trading before the day on which the option to buy back shares is exercised. 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. 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 fulfil 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. Maria Enzersdorf, 21 January 2016 --------------------------------------------------------------------------- Information and Explanation of the Issuer to this News: LEGAL NOTICE THIS AD-HOC ANNOUNCEMENT CONSTITUTES NEITHER AN OFFER TO SELL NOR A SOLICITATION TO BUY ANY SECURITIES OF EVN AG. THIS AD-HOC ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA AND MUST NOT BE DISTRIBUTED TO U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED ('SECURITIES ACT')) OR TO PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS AD-HOC ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 21.01.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: EVN AG EVN Platz 2344 Maria Enzersdorf Austria Phone: +43-2236-200-12294 Fax: E-mail: info@evn.at Internet: www.evn.at ISIN: AT0000741053 WKN: 074105 Indices: ATX Listed: Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------