IPIC increases stake in OMV to 20%UAE

11-Jan-10

With effect from 30 December 2009, the number of OMV shares owned by Abu Dhabi's International Petroleum Investment Company (IPIC), has increased from 19.6% to 20% of. OMV Aktiengesellschaft has received a notification pursuant to Article 91 of the Austrian Stock Exchange Act that IPIC now owns 60,050,273 shares of the registered capital. The stake of OMV’s two core shareholders - Österreichische Industrieholding AG (ÖIAG) and IPIC has increased to 51.5%, comprising 154,550,263 shares. The registered capital of OMV consists of 300,000,000 shares whereof 1,219,695 treasury shares held by OMV are not entitled to vote thus resulting in a total of 298,780,305 voting rights. Other than treasury shares one share equals one voting right. Therefore 154,550,263 shares/voting rights represent 51.7% of all voting rights. IPIC is wholly owned by the government of Abu Dhabi, with a mandate to invest in the hydrocarbon sector outside of Abu Dhabi. IPIC holds equity stakes in Borealis and OMV in Austria and Germany, Aabar in Abu Dhabi, Hyundai Oilbank in South Korea, Gulf Energy Maritime in Dubai, CEPSA in Spain, Oman Polypropylene in the Sultanate of Oman, PARCO Refinery in Pakistan, SUMED Company in Egypt, Energia De Portugal in Portugal, COSMO Oil in Japan, MAN Ferrostaal in Germany (2008) and Oil Search in Australia.