15.02.2006 – 13:36

RHI Magnesita

euro adhoc: RHI AG
Board of Directors (Appointments and Changes)
RHI Supervisory Board decides on changes in Management Board effective January 2007

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

15.02.2006

At today’s meeting the Supervisory Board of RHI AG decided
unanimously to extend the Board of Management from three to four
members as of January 2007. CEO Dr. Helmut Draxler will leave the
Board of Management of RHI AG at his own request when his existing
contract expires in January 2007. He declined the offered contract
extension for personal reasons.

Dr. Andreas Meier, currently deputy CEO, was appointed Dr. Draxler’s
successor. Responsible for the global refractories activities of the
RHI Group, Dr. Meier played a decisive role in the successful path of
RHI Refractories to become world market leader.

Dr. Eduard Zehetner will remain Chief Financial Officer with extended
responsibilities. His contract was renewed in 2005, and he was
appointed deputy CEO as of January 1, 2007.

The RHI Group will in the future continue to expand as a company
solely focused on refractories and enhance its leading position in
the world market after the sale of the Heraklith division.

Dr. Giorgio Cappelli and Dr. Manfred Hödl, both successful managers
in the RHI Group for many years, were appointed deputy board members
with effect from January 1, 2007 to enforce customer and market
development.

Dr. Cappelli will be responsible for the customer segment steel
worldwide, Dr. Hödl for the industrial segment, which comprises the
customer industries cement, lime, glass, nonferrous metals, energy
and environmental technology.

Following the sale of the Heraklith division, the RHI Group will make
forceful use of the gained financial scope and expand the world-wide
refractories business. There are good chances in the raw material and
business area to achieve sustained success in RHI Refractories´
market position and earnings strength within the next years.

end of announcement                               euro adhoc 15.02.2006 13:00:09

Further inquiry note:

RHI AG
Investor Relations
Dkfm. Markus Richter
Tel: +43-1-50213-6123
Email: markus.richter@rhi-ag.com

Branche: Refractories
ISIN: AT0000676903
WKN: 874182
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing