Ad hoc announcement

EVN AG / Keyword(s): Legal Matter/Weiteres Schlagwort

EVN AG:  EVN AG informs the Republic of Bulgaria about its intention to
commence arbitration proceedings persuant to Investment Treaties

Ad hoc announcement transmitted by DGAP - a company of EquityStory AG. The
issuer is solely responsible for the content of this announcement.
------------------------------------------------------------------------------

EVN AG today informed the Republic of Bulgaria about its intention to
commence proceedings pursuant to the 'Agreement Between the Republic of
Austria and the Republic of Bulgaria for the Promotion and Protection of
Investments' and the 'Contract Regarding the Energy Charter' in order to
safeguard its Bulgarian investments in EVN Bulgaria Elektrosnabdiavane EAD
and EVN Bulgaria Elektrorazpredelenie EAD. The date of the announcement
marks the beginning of the 3 to 6 month consultation and negotiation period
under the agreements. During the course of such period, the parties are
obliged to enter into negotiations and attempt to amicably resolve the
dispute.
 
This announcement comes as the result of various actions taken by the
regulatory authorities and other state agencies of the Republic of Bulgaria
compromising the EVN companies. These actions reduce the proceeds from the
sale of electric energy. Moreover, by not acknowledging actual financing
costs, the payment of feed-in compensation to which producers of renewable
energy are entitled is reduced. Finally, today's announcement is in
response to the repeal of a special levy for network access of renewable
energy production installations by the recent decision of the Bulgarian
administrative court in March 2013. From EVN AG's perspective, the result
of this decision represents a further violation of Bulgaria's investment
protection obligations.

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.


19.03.2013 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
              Austria
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:       Wien (Amtlicher Handel / Official Market)
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------