DGAP-Adhoc: EVN AG: Ad-hoc announcement - notification of damages to invoke a guarantee in connection with the sodium hypochlorite facility in Moscow

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| Source: EQS Group AG
EVN AG  / Key word(s): Miscellaneous

07.02.2014 11:21

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

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Through its project company, WTE Projektgesellschaft Natriumhypochlorit
mbH, headquartered in Germany, EVN AG built a sodium hypochlorite facility
for the city of Moscow. The facility was completed in February 2013 and has
been in an operational state since then. The city of Moscow is not prepared
to maintain the approval for commencement of operations at the facility and
to fulfil its outstanding payment obligations vis-à-vis the project
company. The respective project company and EVN AG, however, are subject to
payment obligations in connection with the financing of the project.

EVN AG has therefore decided to invoke the federal guarantee for foreign
direct investments issued by the Federal Republic of Germany in the context
of the implementation of the project and to submit a notice for damages in
that regard. A guarantee event covers losses of investments and income in
connection with the construction and operation of the sodium hypochlorite
facility in an amount of up to EUR 251m.

The Federal Republic of Germany has indicated its intention to continue
applying diplomatic and political pressure - as it has in the past - at the
highest levels in an effort to prompt the government of the city of Moscow
to comply with its obligations vis-à-vis the EVN group in connection with
the sodium hypochlorite facility project as well as other projects to be 
carried out by the EVN group in Moscow, in particular the construction and
operation of the waste incineration plant MPZ1, in order to avoid the
occurrence of a damage event for purposes of the guarantee.


Maria Enzersdorf, 7 February 2014


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.


07.02.2014 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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