Andritz AG

EANS-News: Andritz AG
Publication of the resolution to use a buy-back authorization, and publication of the buy-back program:

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  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Buybacks

Graz (euro adhoc) - 1. Date of resolution of authorization by the Annual General Meeting of

Shareholders: March 29, 2011

2.  Date and method of publication of the resolution: March 30, 2011, Official
    Gazette of Wiener Zeitung

3.  Start and probable duration of the buy-back program: April 6, 2011 until
    September 30, 2013

4.  Type of shares to which the buy-back program pertains: no-par value shares
    of ANDRITZ AG, issued to bearer

5.  Planned volume (number of shares) of the buy-back: up to 10% of the capital
    stock of ANDRITZ AG, including shares purchased previously by the Company

6.  Lowest price: amount represented by each share in the capital stock.
    Highest price: The highest price per share must not exceed the average
    unweighted closing price over the ten preceding trading days by more than
    10%.

7.  Method and purpose of buy-back of own shares, in particular whether the buy-
    back is to be carried out via the stock exchange and/or outside the stock
    exchange, whether a take-over offer will be made in the course of the buy-
    back, whether the shares will be cancelled or possibly re-sold or whether
    they are to be used for the purpose of an employee participation scheme:
    Buy-back of ANDRITZ shares under this buy-back program will be handled via
    the Vienna Stock Exchange. No take-over offer will be made in conjunction
    with the buy-back. The purpose of the buy-back is to improve the supply and
    demand for ANDRITZ shares on the Vienna Stock Exchange, with the company
    being barred from trading its own shares for profit-making. Shares will not
    be cancelled in conjunction with this buy-back program. The Company
    reserves the right to use any of its own shares bought back also for a
    share option program for the benefit of its employees, senior managers, and
    members of the Executive Board and the Supervisory Board of the Company or
    of an affiliated company. In this case, the issuer will make publicly
    known - without any delay - the number and distribution of the share
    options to be granted in accordance with sec. 6, para. 1, Publication
    Regulation.
    In addition, the company reserves the right to use purchased own shares as
    a consideration in the acquisition of companies, businesses, business
    units, or shares in companies. The Company reserves the right to re-sell
    purchased own shares via the Vienna Stock Exchange.

8.  Possible effects of the buy-back program on the admission of the issuer´s
    shares to the Stock Exchange: none

9.  Number and allocation of the share options to be granted or already granted
    to employees, senior managers, and the individual members of the Boards of
    the Company or of an affiliated company, indicating the number of
    subscribable shares in each case, if the issuer intends to grant share
    options within the time period stipulated by sec. 65 para. 1 sub-para. 8
    AktG or has previously granted share options:

    60 executives and five members of the Executive Board participated in the
    2006 share option program adopted in May 2006. Under this program, which
    ended on April 30, 2010, a total of 944,000 options were granted of which
    852,000 were exercised and thus 852,000 shares were purchased.

    In May 2008, 94 executives of the ANDRITZ GROUP and the Executive Board
    members of ANDRITZ AG were offered the opportunity to participate in a
    stock option program (2008 share option program). Option rights were
    granted to executives to buy 6,000, 10,000 or 20,000 shares (depending on
    the executive level), to each Executive Board member to buy 40,000, and to
    the CEO to buy 50,000 shares of ANDRITZ AG; participation required an
    investment of EUR 20,000 for each executive and EUR 40,000 for each
    Executive Board member in ANDRITZ shares from own funds. The exercise price
    (= EUR 35.44) is the average unweighted closing price of ANDRITZ shares
    during the four calendar weeks following the 101st Annual General Meeting
    on March 27, 2008. A total of 75 executives and five members of the
    Executive Board participated in the share option program and held a total
    of 1,100,000 options. Currently, 70 executives as well as the five members
    of the Executive Board are participants in the share option program and
    together hold a total of 1,046,000 options. Each option entitles the holder
    to purchase one no-par value share of the company issued to bearer.

    In May 2010, 107 executives of the ANDRITZ GROUP and the Executive Board
    members of ANDRITZ AG were offered the opportunity to participate in a
    stock option program (2010 share option program). Option rights were
    granted to executives to buy 6,000, 10,000, 15,000 or 20,000 shares
    (depending on the executive level), to each Executive Board member to buy
    40,000, and to the CEO to buy 50,000 shares of ANDRITZ AG; participation
    required a minimum investment of EUR 20,000 for each executive, and EUR
    40,000 for each Executive Board member in ANDRITZ shares from own funds.
    The exercise price (= EUR 46.36) is the average unweighted closing price of
    ANDRITZ shares during the four calendar weeks following the 103rd Annual
    General Meeting on March 26, 2010.
    A total of 73 executives and five members of the Executive Board
    participated in the share option program. The total number of stock options
    held by the participants is 1,033,000. 

10. Modifications and the transactions carried out will be published exclusively via the ANDRITZ AG web site (www.andritz.com).

Graz-Andritz, March 2011 The Executive Board

end of announcement                               euro adhoc
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Contact:

Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market



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