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euro adhoc: Österreichische Post AG
Mergers - Acquisitions - Takeovers / Austrian Post joins consortium taking over BAWAG P.S.K.

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Company Information
15.05.2007
Austrian Post AG has signed a consortium agreement together with the 
other partners of the consortium yesterday, namely Cerberus, Generali
Versicherung, Bausparkasse Wüstenrot as well as a group of private 
investors. Henceforth, Austrian Post forms part of the 
buyer-consortium.
This agreement provides for the acquisition of 100% of BAWAG P.S.K.'s
shares by the consortium. In its new position as owner of BAWAG 
P.S.K., Austrian Post is entitled to delegate one member to BAWAG 
P.S.K.'s supervisory board. Austrian Post will acquire a share of 5% 
of this consortium. The consortium partners have agreed to keep the 
purchase price confidential.
Austrian Post regards this investment as an opportunity for a 
profitable and value-oriented investment as well as an opportunity 
for an accelerated joint growth strategy.
In the course of negotiations with BAWAG P.S.K. the existing 
cooperation agreement for the distribution of financial services 
through the nationwide network of 1,334 post branch offices was 
extended for three years until 2015. In 2006, Austrian Post generated
commission income in the amount of approximately EUR 97 million from 
the distribution of financial service products for BAWAG P.S.K.. Both
companies are determined to now strengthen the distribution through 
Austrian Post's network.
"BAWAG P.S.K.'s new owner will provide us with the opportunity to 
make the Austrian retail-market for financial services even more 
attractive in the future", says chairman of the board, Anton Wais.
The responsibilities between Austrian Post and BAWAG P.S.K. regarding
the operative management of the distribution through the post branch 
offices have been re-adjusted. BAWAG P.S.K. will provide technical 
know-how; Austrian Post will be responsible for the employees. The 
ideal mix of products to be distributed through the post-network will
be from now on determined jointly.
end of announcement                               euro adhoc 15.05.2007 08:47:11

Further inquiry note:

Austrian Post
Investor Relations:
Harald Hagenauer
Tel.: +43(1)515 51-30401
mailto:harald.hagenauer@post.at

Public Relations:
Michael Homola
Tel.: +43(1)515 51-32010
mailto:michael.homola@post.at

Branche: Transport
ISIN: AT0000APOST4
WKN: A0JML5
Index: ATX
Börsen: Wiener Börse AG / stock market

Original content of: Österreichische Post AG, transmitted by news aktuell

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