EANS-News: ANDRITZ AG / Statement on press release by Ovalstrapping Inc.

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Company Information

Graz (euro adhoc) - Graz, October 19, 2011. International technology
Group ANDRITZ takes the following position in reply to a press
release issued by the supplier Ovalstrapping Inc., in which
Ovalstrapping purports to inform about a litigation initiated against
ANDRITZ:

- ANDRITZ believes that the allegations are unjustified, and ANDRITZ
in fact had already initiated arbitration to seek clarification of
these issues, as ANDRITZ is required to do under its contract with
Ovalstrapping. Following this action by ANDRITZ, the supplier
initiated a lawsuit against ANDRITZ at a local US court, apparently
in order to avoid the arbitration sought by ANDRITZ and required
under its contract. ANDRITZ believes that the matter will be
clarified in arbitration. In particular, this small supplier no
longer had exclusive rights for at least three years, and ANDRITZ has
replaced the products of the supplier with different technology.

- ANDRITZ is investigating the supplier´s press release, which from
the point of view of ANDRITZ is misleading, to determine whether the
press release has caused damage and whether it needs to take further
actions against the supplier.

- End -

The ANDRITZ GROUP The ANDRITZ GROUP is a globally leading supplier of
plants and services for the hydropower, pulp and paper, metals, and
other specialized industries (solid/liquid separation, feed, and
biofuel). The Group is headquartered in Graz, Austria, and has a
staff of approximately 16,100 employees worldwide. ANDRITZ operates
over 180 production sites, service, and sales companies all around
the world.

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

end of announcement euro adhoc
--------------------------------------------------------------------------------

company: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English