euro adhoc: STRABAG SE / Mergers - Acquisitions - Takeovers / STRABAG SE acquires Deutsche Telekom facility management subsidiary

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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23.07.2008

* DeTeImmobilien becomes part of STRABAG Group * In 2007,
DeTeImmobilien employed 6,240 employees and generated about EUR 1
billion * STRABAG pursues strategy of expanding its competencies in
construction-related services

Deutsche Telekom and Austria´s STRABAG SE today concluded an
agreement covering the sale of Frankfurt-based Deutsche Telekom
Immobilien und Service GmbH (DeTeImmobilien), a 100% subsidiary of
Deutsche Telekom. According to the agreement, DeTeImmobilien will be
sold by Deutsche Telekom effective 1 October 2008 and operations will
be continued by the STRABAG Group.

DeTeImmobilien employs some 6,240 persons - approximately 5,600 in
Germany - and provides comprehensive services in the field of
facility management. In the 2007 financial year, the company
generated revenues of roughly EUR 1 billion. Deutsche Telekom is its
largest customer.

In addition to the contract for the sale of DeTeImmobilien, STRABAG
SE and Deutsche Telekom also signed an extensive service agreement
based on market and industry benchmarks for a period of initially ten
years. The agreement assures that DeTeImmobilien will continue to
provide to Deutsche Telekom the facility management services it
needs.

Extensive agreements were made to guarantee the employment
relationship with DeTeImmobilien employees.

The parties to the agreement have agreed not to disclose financial
details concerning the transaction.

Dr. Hans Peter Haselsteiner, CEO of STRABAG SE, is pleased with the
new acquisition: "With the acquisition of DeTeImmobilien, we are
pursuing our strategy of extending the competencies in the area of
construction-related services. The construction business fluctuates
over the course of the year and with the economic cycle. Facility
management, with its characteristically longer-term contracts, helps
to smooth out seasonal and cyclical fluctuations."

"Until now, STRABAG has been the number one in Germany only in
construction. As of today, we also play a leading role in facility
management. We will use DeTeImmobilien´s know-how to achieve a
leading European position in this segment as well."

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

Further inquiry note:

STRABAG SE

Dr. Christian Ebner

Head of Corporate Communications

Tel: +43-1-22422-1121

christian.ebner@strabag.com

Branche: Construction & Property
ISIN: AT000000STR1
WKN:
Index: WBI, ATX Prime, ATX, SATX
Börsen: Wiener Börse AG / official market