EANS-Adhoc: voestalpine AG / Call of Convertible Bonds 2005/10 (ISIN AT0000492905)

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Bond/Call of Convertible Bond

04.12.2009

voestalpine AG has resolved to exercise an early call for the
entirety of the 1.5% 2005/2010 convertible bonds issued in July 2005
with conversion rights to shares of voestalpine AG (ISIN
AT0000492905).

The call is being exercised pursuant to § 5 (c) of the terms and
conditions of the convertible bond offering, because the entire
nominal amount of convertible bonds outstanding (8.6%) is less than
15% of the total nominal amount of the convertible bonds issued which
was EUR 250,000,000.00. The call will be effective on January 29,
2010.

The convertible bonds will be redeemed on January 29, 2010 at their
face amount plus interest accrued up to January 29, 2010, unless the
holders of the convertible bonds have exercised their conversion
rights by the end of the day on January 25, 2010.

On the basis of the current share price of the voestalpine AG share,
the company´s assumption is that the majority or the entirety of the
convertible bond holders will exercise their conversion rights. The
company intends to use contingent capital under § 4(6) of the
articles of association of voestalpine AG to redeem conversions. If
all of the bond holders make use of their conversion rights, the
company will be issuing up to 1,150,133 new common bearer shares in
the company (= 0.69% of voestalpine AG´s share capital).

Further details as to the publication is available on our homepage
under www.voestalpine.com. Our Investor Relations department can be
contacted under +43/50304/15-9949.

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

Further inquiry note:

DI Peter Fleischer

Head of Investor Relations

Tel.: +43/50304/15-9949

Fax: +43/50304/55-5581

mailto:peter.fleischer@voestalpine.com

http://www.voestalpine.com

Branche: Metal Goods & Engineering
ISIN: AT0000937503
WKN: 897200
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market