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17.12.2004 – 08:02

OMV Aktiengesellschaft

euro adhoc: OMV Aktiengesellschaft
Restructuring & Recapitalisations
OMV announces prices and volumes of share capital increase and convertible bond issue

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
- Share Price: EUR 219
- The issue and initial conversion price of the convertible bond was
set at EUR 306.6 and the coupon was set at 1.5%
The Executive Board of OMV Aktiengesellschaft (ISIN AT0000743059),
with the approval of the Supervisory Board, has decided to increase
the share capital through the issuance of 3 million new shares. The
issue price per share was set at EUR 219. Further, the Executive
Board of OMV Aktiengesellschaft, with the approval of the Supervisory
Board, has decided to issue 1,793,868  convertible bonds (ISIN
AT0000342647) in an aggregate principal amount of approximately EUR
550 million, each bond initially convertible into one share of OMV
Aktiengesellschaft.  The issue price, initial conversion price and
principal amount per convertible bond was set at EUR 306.6. The
coupon was set at 1.5%.
12% of the offering of the new shares and 2% of the offering of the
convertible bonds were taken up by existing shareholders through an
exercise of subscription rights.
The new shares and the convertible bonds are expected to start
trading in the Official Market of the Vienna Stock Exchange on
December 22, 2004.
This statement does not constitute an offer or invitation to
subscribe for or purchase any securities.  The securities offered by
OMV Aktiengesellschaft have not been and will not be registered under
the United States securities laws and may not be offered, sold or
delivered within the United States or to United States persons absent
registration under or an applicable exemption from the registration
requirements of the United States securities laws.
end of announcement                    euro adhoc 17.12.2004 07:36:28 

Further inquiry note:

OMV
Investor Relations:
Ana-Barbara Kuncic
Tel. +43 1 40 440-21443; e-mail: investor.relations@omv.com
Press:
Bettina Gneisz-Al-Ani
Tel. +43 1 40 440-21660; e-mail: bettina.gneisz@omv.com
Thomas Huemer
Tel. +43 1 40 440-21660; e-mail: thomas.huemer@omv.com

Internet Homepage: http://www.omv.com

Branche: Oil & Gas - Downstream activities
ISIN: AT0000743059
WKN:
Index: ATX Prime, ATX
Börsen: London Stock Exchange / official dealing
Frankfurter Wertpapierbörse / official dealing
Bayerische Börse / official dealing
Wiener Börse AG / official dealing

Original content of: OMV Aktiengesellschaft, transmitted by news aktuell