Zumtobel AG

euro adhoc: Zumtobel AG
Share repurchase program

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@



                         Publication of a planned share repurchase program

3 July 2006

On 7 April 2006, the shareholders' meeting  authorized  the  Managing Board  of ZUMTOBEL AG, subject to the consent of the Supervisory Board, to repurchase  own shares of up to 10% of the share capital at a minimum  price  of  EUR  5  and  a maximum price of EUR 50 per share within 18 months and pursuant  to  Section  65 para 1 No 4 AktG and Section 65 para 1a AktG. The Managing Board may resell  the shares via the stock exchange or by means of a public offer whereby trading  in own shares is prohibited. Shares may be disposed in another  way  provided  they are  used  to  cover  options  exercised by  participants    in    the    employee participation program. There has been no  prior  separate  publication  of  such authorization by the shareholders' meeting since ZUMTOBEL AG was not  listed  at that time.

On 29 June 2006, the Managing Board of ZUMTOBEL AG decided with the consent  of the Supervisory Board to repurchase own shares based on above  authorization  by the shareholders' meeting.

Purpose of the repurchase: Allocation of shares to cover stock options  granted to employees, members of the Managing  Board  and certain  executive  staff  of ZUMTOBEL AG or affiliated companies.

Number and distribution of shares in the employee participation program:  Under the employee participation program the  beneficiary may  upon  exercise  of  an option either (i) acquire one share at the applicable  exercise  price  or  (ii) opt to receive shares (without extra payment) with a value corresponding to  the net value of the difference between the market  price  and  the  exercise price (after deduction of income tax and other  duties).  Options are  granted  on  a yearly basis. 50% of the allocation of options are dependent on the  beneficiary being employed with the company or an  affiliated  company  in  the  respective fiscal year. 50% are dependent on the  increase  of  the  market  price  of  the shares. Options are not transferable. The overall maximum number of  options is 1,325,136.

Options may be exercised for the first time after the  publication by  ZUMTOBEL AG of its quarterly report for the second quarter of its fiscal  year  2006/2007 (planned for 7 December 2006). Thereafter, options may be exercised  up  to  and including 30 April 2015 in exercise  slots  following  the  publication  by  the company of its quarterly  reports.  There  is  no  holding  period  for  shares acquired upon the exercise of options.

The number and distribution of options granted or to be granted is as follows:

ZUMTOBEL AG Options as of 29/6/2006

GJ                  2004              2005              2006
BoD                    50.000          39.600          76.400
Rest                 123.388          91.908         206.780
TOTAL                173.388         131.508         283.180
GJ                  2007              2007                2008              2008
                        affiliated    performance    affiliated    performance
                        options         options          options         options
BoD                  93.000          33.000            33.000          33.000
Rest                 90.520          90.520            90.520          90.520
TOTAL              183.520         123.520          123.520         123.520

Term of the repurchase program: 6 July 2006 until 31 October 2006. Category of shares: No-par value bearer shares (ISIN: AT0000837307). Maximum amount of shares to be repurchased: up to 1,000,000 no-par value  bearer shares, corresponding to approx. 2,2 % of the share capital. Consideration per share: maximum EUR 20,50. Way of acquisition: Vienna Stock Exchange.

The  repurchase  of  shares  will  be  administered  by  MORGAN STANLEY  &  CO. INTERNATIONAL  LIMITED  which  will  decide  on  the moment  of  a    repurchase independently from and irrespectively of the company and in accordance with  the safe harbor provision  of Section  48e  para  6  Austrian  Stock  Exchange  Act (BörseG) in connection with the  Commission  Regulation  (EC)  2273/2003  of  22 December 2003.

@@start.t2@@end of announcement                                                 euro adhoc 03.07.2006 16:25:18

ots Originaltext: Zumtobel AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Christian Hogenmüller
Investor Relations
Zumtobel AG
Höchster Str. 8
A-6850 Dornbirn
Tel.: +43-5572-509 506
E-Mail: Christian.Hogenmueller@zumtobel.com

Astrid Kühn-Ulrich
Corporate Communications
Zumtobel AG
Höchster Str. 8
A-6850 Dornbirn
Tel.: +43-5572-509 1570
E-Mail: Astrid.Kuehn@zumtobel.com

Branche: Semiconductors & active components
ISIN:      AT000837307
WKN:        A0JLPR
Index:    ATX Prime, WBI
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: Zumtobel AG

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