NLB Publishes Results of the Voluntary Public Takeover Offer for Addiko Bank

NLB made a fully transparent, all-cash Offer to all Addiko shareholders at a superior price. We understand and respect that not all shareholders assessed the Offer as such and did not accept it, although we remain convinced that many advantages and strategic benefits of the possible connection of the two groups remain unchanged. We also remain convinced of the value creation discipline: we set a price we believed was right for Addiko's shareholders and defensible for our own. We sincerely thank the shareholders who placed their trust in us, including Brandes Investment Partners, the European Bank for Reconstruction and Development, Wellington Management, and Johannes Proksch, Deputy Chairman of Addiko's Supervisory Board. To Addiko's employees, clients and partners: you have built a strong franchise across our shared region, and we wish you every success ahead. NLB now moves on with undiminished ambition. Our capital position remains strong, the resources we had allocated to this transaction remain available, and our strategy is unchanged: sustainable, profitable growth in Southeastern Europe, organically and where the terms are right through acquisition.