BAWAG Group AG: Supreme Court decision: Swap contract between the City of Linz and BAWAG P.S.K. is invalid

Vienna (pta033/29.08.2022/15:00 UTC+2)

The Supreme Court, in an interim judgment served today, has decided that the swap contract between the City of Linz and BAWAG P.S.K. is invalid. As a consequence, BAWAG P.S.K. will take a full write-off of € 254 million related to the City of Linz receivable on the balance sheet.

This write-off will have no impact on the capital distribution plans of BAWAG Group, as the bank has fully absorbed the impact in regulatory capital in prior years.

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Emitter:	BAWAG Group AG Wiedner Gürtel 11 1100 Wien Austria
Contact Person:	BAWAG Group Investor Relations (Jutta Wimmer)
Phone:	+43 (0)59905-34444
E-Mail:	investor.relations@bawaggroup.com
Website:	www.bawaggroup.com
ISIN(s):	AT0000BAWAG2 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)