COMMERZBANK AG (London Branch) - Post Stabilisation - Verbund AG EUR500mil 10yr

Post-stabilisation notice

19th November, 2014

Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.

                                  Verbund AG

                                 €500,000,000

                1.50 per cent. Green Bonds due 20 November 2024

                             Stabilisation Notice

Commerzbank AG (contact: Ian Turner; telephone: [phone]) hereby gives
notice that no stabilisation (in accordance with Commission Regulation (EC) No.
2273/2003) was undertaken by the Stabilising Manager(s) in relation to the
offer of the following securities.

Issuer:                   Verbund AG

Guarantor (if any):       n/a

ISIN:                     XS1140300663

Aggregate nominal amount: €500,000,000

Description:              1.50% Notes due 20 November 2024

Stabilisation Manager     Coordinating Stabilsation Manager:
(s):                      Commerzbank Aktiengesellschaft


                          Stabilisation Managers
                          J.P. Morgan Securities plc
                          Raiffeisen Bank International AG
                          Societe Generale
                          UniCredit Bank AG

This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of the Issuer in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into
the United States or any other jurisdiction in which such distribution would be
unlawful.