EVN AG / Key word(s): Change in Forecast/Legal Matter
13-Feb-2017 / 13:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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With agreement dated 13 February 2017, the dispute between EVN Bulgaria EC EAD ("EVN Bulgaria") and the state-owned Bulgarian electricity company NEK ("NEK") regarding disputed compensation payments was settled out of court. This settlement particularly encompasses the compensation for the still- outstanding part of the additional costs for electricity from renewable energy and default interest charges that arose from 1 July 2012 to 31 July 2013 that were financed in advance by EVN Bulgaria and which NEK is obliged to repay. This shall now be accomplished by mutually offsetting such claims of EVN Bulgaria with claims of NEK against EVN Bulgaria from power deliveries.

The international arbitration proceedings brought by EVN AG before the "International Centre for the Settlement of Investment Disputes" (ICSID) against the Republic of Bulgaria will remain active without regard to the execution of such agreement with NEK and subject to potential implications of such settlement.

The Group net result for the financial year 2016/17, which is derived from operating business, is - as already reported - expected to be largely stable, assuming average conditions in the energy business environment. The above-described settlement in Bulgaria will have an additional positive effect on the Group net result in the 2nd Quarter of the current financial year from the reversal of claims previously adjusted in connection herewith and default interest charges in the amount of approximately EUR 38 million.
Maria Enzersdorf, 13 February 2017

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.

Contact:
Gerald Reidinger
Head of Controlling and Investor Relations
Phone: +43 2236 200-12698
E-mail: investor.relations@evn.at

Stefan Zach
Head of Information and Communication
Phone: +43 2236 200-12294
E-mail: stefan.zach@evn.at

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13-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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     Language:    English
     Company:     EVN AG
                  EVN Platz
                  2344 Maria Enzersdorf
                  Austria
     Phone:       +43-2236-200-12294
     E-mail:      info@evn.at
     Internet:    www.evn.at
     ISIN:        AT0000741053
     WKN:         074105
     Indices:     ATX
Listed: Foreign Exchange(s) Wien (Amtlicher Handel / Official                   Market)



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