OMV Aktiengesellschaft: OMV announces redemption of NC10 Hybrid Notes and considers also issue of new hybrid bond

Vienna (pta024/15.05.2025/11:25 UTC+2)

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR IN OR INTO OTHER COUNTRIES IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION MAY BE UNLAWFUL.

Today, the Executive Board of OMV Aktiengesellschaft ("OMV") has decided to call and redeem the EUR 750 million hybrid notes issued by OMV in 2015 (ISIN XS1294343337) ("NC10 Hybrid Notes"). Furthermore, the Executive Board of OMV considers the issue of a new hybrid bond, in one or several tranches with a fixed or floating interest rate and an aggregate volume of maximum EUR 750 million ("New Hybrid Bond").

The potential issue of the New Hybrid Bond requires the approval of the Supervisory Board of OMV.

In accordance with § 5 (3) of the terms and conditions of the NC10 Hybrid Notes, OMV has the right to call and redeem the NC10 Hybrid Notes at its nominal value plus any interest accrued but yet unpaid on any business day during a 90 calendar days period up to and including December 9, 2025 (First Call Date). Formal notice of redemption in accordance with the terms and conditions of the NC10 Hybrid Notes will be given separately. The redemption payment will be effected through the paying agents.

The potential issue of the New Hybrid Bond, the volume of the New Hybrid Bond in aggregate and per tranche as well as the number of tranches and call dates depend inter alia on the selection and combination with other financing instruments, given market conditions and the overall market sentiment (as well as the approval of the Supervisory Board of OMV, as stated above). The potential issue could take place within the next 18 months, in any event at the earliest in June 2025. The proceeds from the potential issue of the New Hybrid Bond would be used to ensure and strengthen OMV Group's continued liquidity, in particular, for upcoming re-financing requirements, financial flexibility as well as for general corporate purposes.

Legal notice/Disclaimer:

This announcement does not constitute or form part of any prospectus or offering document or solicitation or invitation of any offer to exchange for or to buy any securities; neither does it constitute a financial analysis or advice or recommendation regarding any financial instruments.

In line with foreign securities laws, particularly the US Securities Act of 1933, as amended ("Securities Act"), securities have not been registered and will not be registered with foreign securities authorities and in particular may not be offered or sold in the United States of America ("USA") without registration or an exemption from the registration requirements of the Securities Act. This announcement may not be disseminated in and/or within the USA, Australia, Canada or Japan or any other jurisdiction in which the distribution or dissemination may be unlawful and may not be distributed or forwarded to publications that are widely available in the USA. There will be no public offer of securities of OMV Aktiengesellschaft in the USA.

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Emitter:	OMV Aktiengesellschaft Trabrennstraße 6-8 1020 Wien Austria
Contact Person:	Thomas Hölzl
Phone:	+43 1 40440/23760
E-Mail:	compliance@omv.com
Website:	www.omv.com
ISIN(s):	AT0000743059 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)