VERBUND successfully places new EUR 500 million Green Bond including
biodiversity

EQS-News: VERBUND AG / Key word(s): Bond/Issue of Debt
VERBUND successfully places new EUR 500 million Green Bond including
biodiversity

21.05.2024 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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VERBUND AG, Austria's leading utility company, has taken another step in its
long-standing green finance strategy and successfully issued a green bond
including biodiversity. The green bond including biodiversity for EUR 500
million with a term of 7 years was extremely well received by the investor
community in a competitive environment and was therefore oversubscribed more
than 6 times at the peak. The high demand made it possible to set the
interest rate at an attractive level of 3.250%.

VERBUND intends to use the net proceeds from the issuance of the bond for
green projects that are in line with the VERBUND Green Financing Framework,
updated in May 2024. The green financing framework was examined by the
internationally renowned sustainability rating agency ISS ESG and provided
with a second party opinion (available at www.iss.esg.com), which confirms
compliance with the EU taxonomy (from November 2022), the Green Bond
Principles 2021 (with appendix from June 2022) and the EU Green Bond
Standards.

VERBUND intends to use up to 90% of the proceeds from the bond to finance
the construction of the 380 kV Salzburg high-voltage line (Salzburg line).
The Salzburg line is a key section of the 380 kV high-voltage ring in
Austria, which forms the basis of the country's electricity supply and is
therefore of great importance for regional, national and European supply
security. With the Salzburg line, which leads to a significant increase in
the east-west transport capacity within Austria, the renewable energies
generated in eastern Austria can be transported to the pumped storage power
plants in western Austria. In this way, the management contributes to the
implementation of the Austrian energy strategy and to achieving the Austrian
climate protection goals.

In addition, VERBUND intends to finance the projects "LIFE Riverscape Lower
Inn" and "LIFE Project Blue Belt Danube Inn" (the "Biodiversity Projects").
The biodiversity projects are part of the VERBUND program to improve ecology
and biodiversity around hydropower plants in Austria and Bavaria (Germany).
An essential design feature of such concepts are bypass rivers, which
restore continuity and at the same time provide important habitats for fish,
amphibians, water-bound birds and many other rare river meadow species.
After completion of the biodiversity projects, the continuity of the VERBUND
power plants on the Danube and Inn shall be fully ensured.

In the past, VERBUND has achieved several milestones in the field of Green
Finance: The first Corporate Green Bond of a DACH company in 2014, the
world's first digital "Green Schuldschein loan" and an ESG-linked syndicated
loan in 2018, a "Green & Sustainability-linked Bond" in line with the EU
Taxonomy in 2021, as well as an ESG-linked promissory note in 2022 and a
Sustainability-linked syndicated loan in 2023.

Important Notice

These materials are not for distribution or release, directly or indirectly,
in or into the United States (including its territories and possessions, any
State of the United States and the District of Columbia), Australia, Canada,
Japan or any other jurisdiction in which such distribution or release would
be unlawful. These materials do not constitute or form a part of any offer
or solicitation to purchase or subscribe for securities in the United
States, Australia, Canada or Japan, or any other jurisdiction in which such
offer or solicitation may be unlawful. The securities mentioned herein have
not been, and will not be, registered under the US Securities Act of 1933,
as amended (the "Securities Act"). The securities may not be offered or sold
in the United States, absent registration or an exemption from the
registration requirements of the Securities Act. There will be no public
offer of the securities in the United States.

This publication does not constitute an offer to sell or the solicitation of
an offer to purchase securities of VERBUND AG. The securities have already
been placed.


Contact:

Andreas Wollein
Head of Group Finance and Investor Relations
T.: +43 (0)5 03 13 - 52604
F.: +43 (0)5 03 13 - 52694
mailto:investor-relations@verbund.com


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21.05.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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   Language:       English
   Company:        VERBUND AG
                   Am Hof 6A
                   1010 Wien
                   Austria
   Phone:          0043-1-53113-52604
   Fax:            0043-1-53113-52694
   E-mail:         investor-relations@verbund.com
   Internet:       www.verbund.com
   ISIN:           AT0000746409
   WKN:            877738
   Indices:        ATX
   Listed:         Vienna Stock Exchange (Official Market)
   EQS News ID:    1907667

End of News EQS News Service
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1907667 21.05.2024 CET/CEST