Böhler-Uddeholm AG

euro adhoc: Böhler-Uddeholm AG
Restructuring & Recapitalisations / Böhler-Uddeholm successfully places capital increase and offering of treasury shares - priced at 100.00 Euro per share

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Vienna, June 3, 2005 - Böhler-Uddeholm AG (Vienna Stock Exchange: BUD, Reuters: BHLR.VI, Bloomberg: BUD AV) has successfully placed a capital increase and offering of treasury shares. The offering of 2,201,900 common bearer shares of Böhler-Uddeholm AG consisted of 1,750,000 new shares from the capital increase and 451,900 shares of the Company’s treasury stock which were placed with investors in Austria, Europe and the US. The subscription and offering period commenced on May 19, 2005 and ended yesterday, June 2, 2005.

The price was fixed at 100.00 Euro per share and based on a book-building procedure. The total value of the transaction (before greenshoe) amounted to 220.19 million Euro (including greenshoe: 235.19 million Euro).

BU Industrieholding GmbH has granted the global coordinator CAIB/Bank Austria Creditanstalt an over-allotment option (greenshoe) of up to 150,000 existing shares for a period of up to 30 days after allocation of the offered shares.

Trading for the new shares is expected to commence on or about June 8, 2005. The shares carry full dividend rights from and including the fiscal year beginning on January 1, 2005.

Commenting on the transaction, Claus J. Raidl, CEO of Böhler-Uddeholm AG stated: "We are pleased by the success of this share offering and intend to use the funds generated to finance the acquisition of Edelstahlwerke Buderus AG and to strengthen the Company's capital base for further sustainable growth." As previously announced, negotiations between Böhler-Uddeholm AG and Robert Bosch GmbH for the acquisition of Edelstahlwerke Buderus AG were concluded on March 31, 2005 with the signing of a purchase agreement. The closing of this acquisition remains subject to approval from the European Commission.

For additional information contact: BÖHLER-UDDEHOLM AG, Investor Relations & Corporate Communications, Randolf Fochler, Telephone: +43 1 798 69 01-707

Disclaimer: This press release is not being issued in the United States of America and should not be distributed to United States persons or publications with a general circulation in the United States. This document does not constitute an offer or invitation to subscribe for or purchase any securities. In addition, the securities of Böhler-Uddeholm AG have not been registered under the United States Securities Laws and may not be offered, sold or delivered within the United States or to United States persons absent from registration under or an applicable exemption from the registration requirements of the United States Securities Law. A prospectus prepared in accordance with the Austrian Capital Markets Act was filed with Oesterreichische Kontrollbank AG, published by short notice in the Amtsblatt zur Wiener Zeitung on May 18, 2005 and amended on June 2, 2005. In connection with the offering of shares of Böhler-Uddeholm AG only information contained in the prospectus as amended is binding and relevant.

end of announcement                                euro adhoc 03.06.2005 07:59:00

Further inquiry note: Böhler-Uddeholm AG Investor Relations & Corporate Communications Dr. Randolf Fochler Telefon:(+43-1)798 69 01/707 http://www.bohler-uddeholm.com

Branche: Iron & Steel
ISIN:      AT0000903851
WKN:        90385
Index:    ATX Prime, ATX
Börsen:  Wiener Börse AG / official dealing

Weitere Meldungen: Böhler-Uddeholm AG

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