B & C Industrieholding GmbH

EANS-News: B & C Industrieholding GmbH
Constructive support of Lenzing´s growth strategy; maintaining core shareholder structure

-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Wien (euro adhoc) - NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN B & C: Constructive support of Lenzing´s growth strategy; maintaining core shareholder structure At the Lenzing EGM on December 10, 2010, shareholders approved the creation of authorized and contingent capital to enable Lenzing to issue equity and/or convertible bonds. The approved authorizations provide Lenzing with additional financial flexibility to optimize its capital structure and to support its planned growth. B & C Group, the 90.5% majority shareholder in Lenzing, supports the business plan and growth strategy of Lenzing and is currently evaluating potential alternatives to further foster this growth strategy. These considerations include, amongst others, supporting the increase in liquidity of the Lenzing share with B & C´s participation in capital market transactions, in order to increase the attractiveness of the Lenzing share for investors and to improve the company´s access to the capital markets. B & C has not made any decision regarding any such alternative nor has it decided on any contemplated timing nor quantum. B & C will, in particular, be focused on prevailing market conditions and achievable economic terms as it contemplates any such alternative. In any case, B & C will maintain its active role as a long-term core and majority shareholder of Lenzing in the future. The Lenzing Group is a global leader in cellulose fibers with its headquarters in Austria, production sites in all major markets and a global network of sales and marketing offices. Lenzing provides the global textile and nonwovens industry with high-quality cellulose fibers. B & C is one of the largest Austrian investment holding companies and currently holds, amongst others, controlling stakes in the listed industrial companies Lenzing AG (90.5%) and Semperit AG Holding (54.2%) as well as a substantial stake in the construction company Porr (38.7% of the voting rights). The main goal of B & C is to foster Austrian entrepreneurship. The management board consists of Dr. Michael Junghans, head of the management board, Mag. Patrick F. Prügger and Dr. Walter Lederer. Further information on B & C Industrieholding GmbH can be found at www.bcholding.at. Disclaimer: This press release is not an offer of securities for sale or a solicitation of an offer to purchase any securities of Lenzing AG. A public offer may only be made in Austria after publication of a prospectus prepared in accordance with the provisions of the Austrian Capital Markets Act. If a public offer is to be made in Austria, a prospectus will be prepared in accordance with the Austrian Capital Markets Act. Such prospectus will be available free of charge at the Company´s registered office during usual business hours. This press release is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States of America. The securities of Lenzing AG mentioned herein may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"). The securities will not be registered under the Securities Act. There will be no public offering of securities in the United States. This press release is directed only at persons (i) who are outside the United Kingdom or (ii) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) who fall within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Order (all such persons together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. end of announcement euro adhoc -------------------------------------------------------------------------------- Further inquiry note: Dr. Michael Junghans Head of the Management Board T: +43 (1) 533 2 533 - 16 Branche: Holding companies ISIN: WKN:

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