euro adhoc: voestalpine AG / Mergers - Acquisitions - Takeovers / voestalpine increases takeover offer for BÖHLER-UDDEHOLM AG from EUR 69.00 to EUR 73.00; acceptance period extended until June 4, 2007

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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C.E.O. Interviews

18.05.2007

On April 26, 2007, voestalpine AG published a voluntary public
takeover bid to all shareholders of BÖHLER-UDDEHOLM AG. voestalpine
AG has notified the Austrian Takeover Commission of the following
revision of the terms of the takeover bid:

voestalpine AG increases the offer price from originally EUR 69.00
per BÖHLER-UDDEHOLM share to EUR 73.00 per BÖHLER-UDDEHOLM share and
extends the acceptance period until June 4, 2007, 5:30 pm, Vienna
time. As a result, the shareholders of BÖHLER-UDDEHOLM AG have 10
Austrian trading days or 10 full US business days to accept the
revised voluntary bid from the date of this notice.

The takeover bid remains subject to the condition precedent of
voestalpine AG reaching a holding of more than 50% of BÖHLER-UDDEHOLM
AG´s voting stock and the obtaining of the relevant merger control
approvals.

The increase of the offer price reflects the positive expectations of
the capital markets confirmed by the First Quarter 2007 results of
BÖHLER-UDDEHOLM AG published on May 15, 2007. It is an increase of
the offer price of roughly 6% and exceeds the closing price of the
BÖHLER-UDDEHOLM shares as of May 16, 2007, by EUR 2.49.

The revision of the takeover bid will be published on May 19, 2007.

This communication does not constitute a public offer for the
acquisition of shares in or other securities issued by
BÖHLER-UDDEHOLM AG. The public offer has been made only and solely
through publication of the takeover bid on April 26, 2007. Its
acceptance can occur only in accordance with the terms of the
takeover bid as amended. The bid document for the takeover was
available from April 26, 2007 and the revision of the takeover bid is
available from May 19, 2007 onwards each in the exclusively binding
German version and in a non-binding English translation on, among
others, voestalpine AG´s website www.voestalpine.com. In addition,
the non-binding English translation of the revision of the takeover
bid is also being held from May 19, 2007 onwards for distribution
upon request to U.S. shareholders of Böhler-Uddeholm AG, free of
charge, at voestalpine AG, voestalpine Straße 1, 4020 Linz, Austria
(requests to be submitted via email to
peter.fleischer@voestalpine.com, or by telephone at +43 50304 15
9949).

Further information is available on www.voestalpine.com or contact
the Investor Relations Team +43/50304/15-9949.

end of announcement euro adhoc 18.05.2007 07:00:00
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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: ATX, ATX Prime, WBI
Börsen: Wiener Börse AG / official market