Andritz AG

EANS-News: ANDRITZ AG
Publication of the resolution by the Executive Board and the Supervisory Board to use a buy-back authorization

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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 22, 2013

2. Date and method of publication of the resolution: March 26, 2013, 
   euro adhoc

3. Start and probable duration of the buy-back program: November 6, 2013 until 
   March 31, 2016

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 (all figures were adapted 
   to the share splits carried out in 2007 and 2012):

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 1,888,000 options were granted of which 1,704,000 
were exercised and thus 1,704,000 shares were purchased.

75 executives and five members of the Executive Board participated in the 2008 
share option program adopted in May 2008. Under this program, which ended on 
April 30, 2012, a total of 2,200,000 options were granted of which 2,092,000 
were exercised and thus 2,092,000 shares were purchased.

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 12,000, 20,000, 30,000 or 40,000 shares (depending on the executive 
level), to each Executive Board member to buy 80,000, and to the CEO to buy 
100,000 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 23.18) 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 2,066,000 of which 1,314,500 were already exercised and thus 
1,314,500 shares were purchased.

In May 2012, 90 executives of the ANDRITZ GROUP and the Executive Board members 
of ANDRITZ AG were offered the opportunity to participate in a stock option 
program (2012 share option program). Option rights were granted to executives 
to buy 12,000, 20,000, 30,000 or 40,000 shares (depending on the executive 
level), to each Executive Board member to buy 80,000, and to the CEO to 
buy 100,000 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 37.15) is the 
average unweighted closing price of ANDRITZ shares during the four calendar 
weeks following the 105th Annual General Meeting on March 22, 2012. A total 
of 77 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 2,146,000.  

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


Graz-Andritz, November 2013     
The Executive Board


Further inquiry note:
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

end of announcement                               euro adhoc 
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company:     Andritz AG
             Stattegger Straße 18
             A-8045 Graz
phone:       +43 (0)316 6902-0
FAX:         +43 (0)316 6902-415
mail:     welcome@andritz.com
WWW:      www.andritz.com
sector:      Machine Manufacturing
ISIN:        AT0000730007
indexes:     WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien 
language:   English
 



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