Ad hoc announcement EVN AG / Keyword(s): Capital Increase/Capital Increase EVN AG: EVN successfully completes pricing of capital increase Ad hoc announcement transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------ NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, UNITED KINGDOM, JAPAN OR AUSTRALIA >Subscription price set at EUR 11.00 per share >First trading day in the new shares on the Vienna Stock Exchange expected on November 2, 2010 >New capital (EUR 173 million) will be used to strengthen balance sheet by increasing issued equity and thereby supporting credit rating, as well as for investments in renewable energy projects in Lower Austria and the expansion of hydro power energy capacities in other regions of Austria and in neighbouring countries EVN AG determined the final subscription price in connection with the announced 10% capital increase of its nominal capital at EUR 11.00 per share; it equals the offer price in the Pre-Placement to institutional investors. The total number of new shares to be issued is 16,352,582. The company will, under the conditions set out in the subscription offer, raise net proceeds of EUR 173 million from the capital increase. The new shares will be listed on the Official Market of the Vienna Stock Exchange and traded in the Prime Market Segment which is expected to commence on November 2, 2010. All new shares were successfully placed in the pre-placement to institutional investors. The issue was substantially oversubscribed. The allocation of new shares to the institutional investors in the Pre-Placement is subject to a 28.6% claw-back if those shareholders who have not waived it in advance exercise their subscription rights as well as with regard to new shares subscribed by employees of EVN. The subscription period for the new shares was set to start on October 29, 2010 and end on November 12, 2010. The majority shareholder NÖ Landes-Beteiligungsholding GmbH will fully exercise its subscription rights and, as a result, will further on hold 51% of the issued share capital of EVN AG. Deutsche Bank Aktiengesellschaft and Raiffeisen Centrobank AG acted as Joint Bookrunners and Joint Lead Managers in the offering. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Legal Disclaimer: This ad-hoc announcement serves marketing purposes in Austria and constitutes neither an offer to sell nor a solicitation to buy any securities of EVN AG. The securities have already been sold. This ad-hoc announcement is 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 publications with a general circulation in the United States. This press release does not constitute an offer or invitation to purchase any securities in the United States. The securities of EVN AG have not been 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 United States securities laws. There will be no public offer of securities of EVN AG in the United States. This press release is directed only at persons (i) who are outside the United Kingdom or (ii) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the 'Order') or (iii) who fall within Article 49(2)(a) to (d) ('high net worth companies, unincorporated associations etc.') of the Order (all such persons together being referred to as 'Relevant Persons'). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. EVN AG Corporate Communications EVN Konzern Stefan Zach EVN Platz A-2344 Maria Enzersdorf Tel.: +43 2236 200-122 94 Fax: +43 2236 200-822 94 Mobil: +43 676 810 32 294 stefan.zach@evn.at www.evn.at 28.10.2010 DGAP’s 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 Österreich 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 (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------