Ad hoc announcement

EVN AG / Keyword(s): Joint Venture/Weiteres Schlagwort

EVN AG: Agreement regarding the sale of EVN AG's stake in Devoll Hydropower
ShA, a project entity for the construction of a hydro power plant in
Albania, to Statkraft A.S.

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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Today, EVN AG and Statkraft A.S. reached an agreement regarding the sale of
EVN AG's 50%-stake in Devoll Hydropower ShA to Statkraft A.S. The sale of
EVN AG's stake in Devoll Hydropower ShA to Statkraft A.S. remains subject
to the Ministry of Economy, Trade and Energy of Albania's consent to such
sale, and an agreement between EVN AG, Statkraft A.S., Devoll Hydropower
ShA and the Ministry of Economy, Trade and Energy of Albania to amend the
concession agreement, as well as the approval of such amendment to the
concession agreement by the Parliament of Albania.


The overall investment amount for the construction of the hydro power plant
was at the time of the award of the concession agreement estimated by EVN
AG at approximately EUR 950 million. A sale of EVN AG's stake in Devoll
Hydropower ShA would result in a one time negative effect on the results of
operations after tax in an amount of approximately EUR 20 million. Such
negative effect on the results of operations after tax would potentially be
partially offset by effects related to electricity prices being below
expectations. Furthermore, as this project is not project financed, EVN AG
would no longer be obliged to provide further equity. EVN Group expects to
increase its future financial flexibility. EVN remains active in Albania
through its 'Astha' project with Verbund AG.

Maria Enzersdorf, March 14th, 2013

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.


14.03.2013 DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

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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
 
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