DGAP-Ad hoc: Verbund AG

DGAP-Adhoc: Verbund AG: dividend distribution 2015

VERBUND AG / Key word(s): Dividend

08.03.2016 19:29

Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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In derogation of the proposed appropriation of profits in the integrated annual report 2015, the Supervisory Board of VERBUND AG approved a new proposed appropriation of profits during its meeting held today. At the Annual General Meeting on 13 April 2016, VERBUND will therefore propose a dividend of EUR0.30 per share for financial year 2015. This corresponds to a payout ratio of 50.2% of the reported Group result and a payout ratio of 38.8% of the adjusted Group result. Based on the 2015 closing price, the dividend yield is 2.5%.

Given the decline in prices on the electricity futures market in recent weeks, however, the management of VERBUND AG is reviewing additional options to further strengthen free cash flow. These include significant measures in the areas of growth and maintenance CAPEX, future dividend policy and cost reduction.

Contact: Andreas Wollein Head of Group Finance and Investor Relations T.: +43 (0)5 03 13 - 52604 F.: +43 (0)5 03 13 - 52694 mailto:investor@verbund.com

08.03.2016 The DGAP 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: VERBUND AG Am Hof 6A 1010 Wien Austria Phone: 0043-1-53113-52616 Fax: 0043-1-53113-52694 E-mail: investor@verbund.com Internet: www.verbund.com ISIN: AT0000746409 WKN: 877738 Indices: ATX Listed: Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------