Addiko Bank AG: Addiko Bank AG to postpone its Annual General Meeting in the context of the coronavirus pandemic

Vienna (pta037/31.03.2020/14:05 UTC+2) -

In light of the continued uncertainty created by the COVID-19 pandemic, it is improbable that a reduction of related administrative restrictions in Austria materializes in time to allow the proper organization of the Annual General Meeting (AGM). In the same context, on March 27th, 2020, the European Central Bank (ECB) and the Austrian Financial Market Authority (FMA) issued urgent recommendations to the banks they supervise to refrain from dividend distributions and share buy back until at least October 1st, 2020.

In this context, the Management Board of Addiko Bank AG has resolved on March 31st, 2020, to postpone the AGM, originally scheduled for April 21st, 2020 in Vienna, to the fourth quarter 2020.

While having a strong capital and funding base, the decision to postpone the AGM into the fourth quarter will allow the management board of Addiko to have more clarity on the consequences of the coronavirus and to assess further guidance or recommendations from the ECB and the FMA, ensuring that any potential impact on liquidity and solvency of the bank is brought to the attention of the supervisory board ahead of any dividend distribution decision by the AGM.

Addiko will continue fulfilling its role as focussed lender to Consumers and SME's in the Central South Eastern European region of operation, while reflecting on the long term interest of its shareholders.

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Emitter:	Addiko Bank AG Wipplingerstraße 34 / 4.OG 1010 Wien Austria
Contact Person:	Addiko Investor Relations Team
Phone:	+43 (0) 50232 2070
E-Mail:	investor.relations@addiko.com
Website:	www.addiko.com
ISIN(s):	AT000ADDIKO0 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)