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BWT Aktiengesellschaft

euro adhoc: BWT Aktiengesellschaft
Buybacks
Management board agrees to resume share buyback Disclosure pursuant to §§4 (2), 5 and 6 of the Disclosure Regulation 2002

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Company Information
25.08.2008
At the Annual General Meeting on May 20th, 2008, management was 
authorized to buy back shares. Now, the Management Board of BWT has 
taken the resolution to make use of this authorization.
Details on the share buyback program: 1. The day of authorization of 
the resolution by the Annual General Meeting according to Para 65 
Sec. Z 8 AktG (Stock Corporation Act) is May 20, 2008. 2. The 
resolution by the Annual General Meeting was disclosed on May 20, 
2008 and registered with the register of companies on July 7th, 2008.
3. The Buyback Program is expected to end on December 31, 2008. 4. 
The Buyback Program concerns ordinary shares of BWT AG. 5. The 
intention is to buy back up to 1,743,946 shares, i.e. up to 9.779% of
the current share capital of BWT AG. 6. The minimum price to be paid 
in the buyback is EUR 15 (fifteen euros) and the maximum price to be 
paid in the buyback is EUR 30 (thirty euros) per share. 7. The 
buyback takes place via the stock exchange or over the counter. The 
main purpose is the return of capital to the shareholders while 
simultaneously improving the capital structure. The authorization by 
the Annual General Meeting extends to the use of repurchased shares 
(i) to serve as consideration for acquisitions, (ii) to sell own 
shares over the stock exchange or via a public offer, or excluding a 
public offer, a public offer anytime. 8. Other effects of the share 
buyback program on the Admission for Trading on the Stock Exchange: 
none.
The disclosure of this resolution by the Management Board and details
of the transaction will be published on the Internet website of BWT 
AG at www.bwt-group.com.
end of announcement                               euro adhoc

Further inquiry note:

BWT Aktiengesellschaft
Mag. Ralf Burchert
ralf.burchert@bwt.at
Tel.: 06232/5011-1113

Branche: Water Supply
ISIN: AT0000737705
WKN: 884042
Index: ATX Prime
Börsen: Wiener Börse AG / official market

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