Successful closing of acquisitions

Andritz and GE Energy have successfully closed the transactions
announced in May and June 2008, pursuant to which Andritz has
acquired certain assets of GE Energy’s Hydro business as well GE
Energy’s majority interest in GE Hydro Inepar do Brasil S.A., to be
renamed Andritz Hydro Inepar do Brasil S.A.

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merger, acquisition and takeover

Graz (euro adhoc) - Graz, 30 June 2008. Andritz and GE Energy have
successfully closed the transactions announced in May and June 2008,
pursuant to which Andritz has acquired certain assets of GE Energy´s
Hydro business as well GE Energy´s majority interest in GE Hydro
Inepar do Brasil S.A., to be renamed Andritz Hydro Inepar do Brasil
S.A.

The acquired businesses are expected to add approximately 300 million
US dollars (approximately 200 million Euros) to Andritz´s Group sales
on an annual basis and will be included in the consolidated financial
statements of the Andritz Group from 1 July 2008.

These acquisitions further strengthen and expand Andritz´s position
as one of the world´s leading suppliers of hydropower equipment, and
strengthen Andritz´s abilities to serve customers in Brazil, China,
North America and Scandinavia.

"Given the fast growing demand for renewable energies, the demand for
hydropower, which is by far the most important source for electricity
production from renewable energy sources, is expected to show very
strong growth during the next years. With these acquisitions, Andritz
is now in a position to supply its customers with the full product
range of hydropower equipment worldwide," says Friedrich Papst,
member of the Executive Board of Andritz and Head of Andritz´s Hydro
Power business area.

- End -

The Andritz Group The Andritz Group is a global market leader in the
supply of customized plants, systems, and services for the pulp and
paper industry, the hydropower industry, the steel industry, and
other specialized industries (solid/liquid separation, feed, and
biofuel). Headquartered in Graz, Austria, the Group has about 12,300
employees worldwide. It manufactures and sells its products and
services globally.

end of announcement euro adhoc
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ots Originaltext: Andritz AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Michael Buchbauer

Head of Investor Relations

Tel.: +43 316 6902 2979

Fax: +43 316 6902 465

mailto:michael.buchbauer@andritz.com

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing