CHRIST WATER TECHNOLOGY AG

euro adhoc: CHRIST WATER TECHNOLOGY AG
Annual & Special Corporate Meetings / CHRIST-AGM agrees on stock option program and share buyback

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24.05.2006

Today´s 5th Annual General Meeting of Christ Water Technology agrees on a stock option program for management and the supervisory board to increase shareholder value generation and loyalty of key staff. For this purpose management was authorized to issue up to 891,675 new shares corresponding to up to 5% of the shares outstanding. Alternatively, treasury shares to be bought back may also be used to cover the program. The maximum number of options is 891,675. The exercise period extends over 3 years one third of the volume each between 15th to 31st of March in the years 2007, 2008 and 2009.

Further, the AGM agreed on a share buyback program up to 10% of the shares outstanding. Moreover, in compliance with the Austrian Corporate Governance stipulations and the EU-Takeover-Directive the maximum 15% discount for takeover offers according to the Austrian Takeover Act was excluded. Ms. Gerda Egger and Mr. Emil Flückiger-Roth were elected as new members of the supervisory board following the retirement of Andreas Weissenbacher, CEO of the BWT Group. The full results of the AGM are published on www.christwater.com

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ots Originaltext: CHRIST WATER TECHNOLOGY AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Christ Water Technology
Ralf Burchert, CEFA
ralf.burchert@christ-water.com
Tel.: 06232/5011-1113

Branche: Biotechnology
ISIN:      AT0000499157
WKN:        675399
Index:    WBI, ATX Prime
Börsen:  Wiener Börse AG / official market



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