EANS-News: ANDRITZ regrets export credit agencies´ withdrawal from the Ilisu hydropower project in Turkey

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Graz (euro adhoc) - Graz, July 7, 2009. International technology
Group ANDRITZ regrets the withdrawal by export credit agencies in
Germany, Switzerland and Austria from the Ilisu hydropower project in
Turkey. Wolfgang Leitner, President and CEO of ANDRITZ AG, says: "It
is very unfortunate that the intense efforts Turkey has made in the
past months to implement the accompanying measures in the
environmental, resettlement and cultural areas did not receive
adequate recognition." Turkey fulfilled many of the pending items and
requirements set by the export credit agencies; this substantial
progress was also acknowledged by the independent Committee of
Experts (CoE) appointed by the export insurance agencies, which
conducted an in-depth examination in Turkey of the measures
implemented.

This decision by the export credit agencies will not have any
material financial impact on ANDRITZ because only a very small amount
of the order value has been booked so far.

ANDRITZ now awaits the Turkish government´s decision on how it will
proceed with this project.

- End -

ANDRITZ HYDRO ANDRITZ HYDRO, a member of the ANDRITZ GROUP, is a
global supplier of electromechanical systems and services
(`water-to-wire´) for hydropower plants. The company is a leader in
the world market for hydraulic power generation and has a top
position in the growing power plant refurbishment segment. This and
other press releases of ANDRITZ HYDRO are available for download at
www.andritz-hydro.com.

ANDRITZ GROUP The ANDRITZ GROUP is a global market leader for
customized plant, process technologies, and services for the
hydropower, pulp and paper, metals, and other specialized industries
(solid/liquid separation, feed and biofuel). The Group has its
headquarters in Graz, Austria and has a staff of 13,600 employees
worldwide. ANDRITZ operates over 150 production sites, service and
sales companies all around the world.

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 Group Treasury, Corporate Communications & 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: Wien / official dealing