euro adhoc: STRABAG SE / Financing, Stock Offerings (IPO) / Austria´s largest IPO to date closed successfully STRABAG SE IPO: OFFERING PRICE FIXED AT EUR 47 OFFERING VOLUME OF APPROX. EUR 1.325 BN SU

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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18.10.2007

Press Release 18 October 2007
Investor News

Austria's largest IPO to date closed successfully

strabag SE ipo: offering price fixed at eur 47
offering volume of approx. eur 1.325 BN subscribed

+ 28,200,001 shares (including Green Shoe option of
3,000,000 shares) allotted

+ Offering volume of approx. EUR 1.325 bn tenfold subscribed
+ Demand of around 100,000 private shareholders mean new record in retail
+ First day of trading 19 October 2007

Vienna, 18 October 2007 - Immediately following the close of the
subscription period for institutional investors, the offering
price for the shares of STRABAG SE being tendered under the IPO
was fixed at EUR 47 per share. At the beginning of the issue, the
price range had been fixed between EUR 42 and EUR 48. The
strong demand in Austria as well as among international
institutional investors led to an approx. tenfold subscription of
the offering volume of 28,200,001 shares. 19,000,000 shares came
from a capital increase and 9,200,001 shares from the holdings of
the previous shareholders. Given the offering price, the
market capitalisation of STRABAG SE amounts to EUR 5.358
bn. The IPO proceeds for the company amount to EUR 893m.

For the first time demand from over 100,000 private investors during
an IPO in Austria Demand for the shares was particularly high among
private shareholders. In all, around one hundred thousand Austrians
subscribed for the STRABAG SE shares - representing the greatest
number of shareholders ever achieved during an IPO in Austria. A
total of more than 26 per cent of the issue was placed with private
Austrian investors, additional 15 per cent was placed with
institutional Austrian. The largest portion of the share placement
was distributed among international institutional investors with a
focus on Europe. For the first time during the initial public
offering of an Austrian company, shares were also specifically
marketed towards institutional investors in Russia. The
preferential allotment will be 70 shares.

STRABAG-CEO Hans Peter Haselsteiner: "With EUR 47 we want to set a
signal for a future stable and fair relationship with our new
shareholders. We did not make use of the whole price range
intentionally."

The shares of STRABAG SE will trade on 19 October 2007 in the
Prime Market Segment of the Vienna Stock Exchange under the symbol
"STR". STRABAG SE shares will be included in the ATX as of 22
October 2007. Delivery of the shares is expected to take place on
or around 23 October 2007 against payment of the final offer
price.

Joint bookrunners in the largest IPO in the history of the
Vienna Stock Exchange were Deutsche Bank AG, Raiffeisen Centrobank
AG and Goldman Sachs International. Joint lead managers were
Deutsche Bank AG, Raiffeisen Centrobank AG, Goldman Sachs
International and Erste Bank der oesterreichischen Sparkassen AG.
Joint lead managers in the retail segment were Raiffeisen
Centrobank and Erste Bank. Co-managers were Dresdner Bank AG,
Landesbank Baden-Württemberg, Raiffeisenlandesbank
Niederösterreich-Wien AG, Raiffeisenlandesbank
Oberösterreich Aktiengesellschaft and Raiffeisen-Landesbank
Steiermark AG.

This press release does not represent an offer to sell nor is it a
solicitation or an invitation to buy securities of STRABAG SE.
Rather, it is intended to serve informational purposes only. In
connection with the public offering of securities of STRABAG SE
in Austria, the only information which is binding is the
information contained within the published securities prospectus
approved by the Austrian Financial Market Authority. The prospectus
can be obtained free of charge from STRABAG SE,
Donau-City-Straße 9, 1220 Vienna, Raiffeisen Centrobank AG,
Tegetthoffstraße 1, 1015 Vienna, Deutsche Bank AG, Vienna
Office, Hohenstaufengasse 4, 1010 Vienna, or Erste Bank der
oesterreichischen Sparkassen AG, Graben 21, 1010 Vienna, during the
regular business hours. No orders for subscription placed before
8 October 2007 will be accepted. The shares of STRABAG SE may be
sold or offered for sale in the United States of America only
with previous registration or, absent previous registration, only
with an exemption from the registration requirement in accordance
with the U.S. Securities Act of 1933 in its currently valid form. It
is not planned to make a public share offer in the United States.

Contact
STRABAG SE
Dr. Christian Ebner
Corporate Spokesman
Tel: +43-1-22422-1121
christian.ebner@strabag.com

end of announcement euro adhoc 18.10.2007 16:04:42
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ots Originaltext: STRABAG SE
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
STRABAG SE
Dr. Christian Ebner
Corporate Spokesman
Tel: +43-1-22422-1121
christian.ebner@strabag.com

Branche: Construction & Property
ISIN: AT000000STR1
WKN:
Index: Prime.market
Börsen: Wiener Börse AG / Regulated free trade