Ad hoc announcement Change of Personnel/Change of Personnel Österreichische Elektrizitätswirtschafts AG: Christian Kern resigns as Member of Verbund Management Board Ad hoc announcement transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------ Verbund, Austria's largest electricity utility announces Christian Kern's demission as member of the company's management board. From June 2010 he is appointed CEO of Österreichische Bundesbahnen AG (ÖBB) the Austrian Federal Railway company. Since May 11, 2007, Christian Kern has been responsible board member for international M&A, international equity management and development and the transmission grid. Christian Kern's responsibilities are temporarily administered by the other board members Wolfgang Anzengruber (CEO), Johann Sereinig (Deputy CEO) and Ulrike Baumgartner-Gabitzer (Member of the Board). The Supervisory Board of Verbund is going to decide upon the procedures following Christian Kern's demission. 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@verbund.at (c)DGAP 09.03.2010 --------------------------------------------------------------------------- Language: English Company: Österreichische Elektrizitätswirtschafts AG Am Hof 6A 1010 Wien Österreich Phone: 0043-1-53113-52616 Fax: 0043-1-53113-52694 E-mail: andreas.wollein@verbund.at Internet: www.verbund.at ISIN: AT0000746409 WKN: 877738 Indices: ATX Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, München, Hamburg, Stuttgart; Foreign Exchange(s) Wien End of News DGAP News-Service ---------------------------------------------------------------------------