EANS-Adhoc: voestalpine AG /voestalpine: offer to exchange the hybrid bond 2007

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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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other/offer hybrid bond
25.02.2013

- New issue of a hybrid bond by exchanging the existing hybrid bond
(exchange ratio 1:1)
- Issuing volume of up to EUR 500 million
- Offer period: 25/02/2013 to 14/03/2013
- Coupon: 7,125% (until 31/10/2014),
6% (until 31/10/2019; first call date of voestalpine)

voestalpine AG offers all holders of the hybrid bond issued in
October 2007 (ISIN AT0000A069T7) to exchange this hybrid bond for a
new hybrid bond. The offer is limited to existing holders of the
hybrid bond 2007 and serves as an optimisation of the financing
portfolio of voestalpine.

Details of the exchange offer, including interest rates and all
interest periods, are published on the website of voestalpine AG
(www.voestalpine.com).

It is intendend to apply for admission to trading of the new hybrid
bond on the Official Market of the Vienna Stock Exchange (ISIN
AT0000A0ZHF1).

This notice serves marketing purposes in Austria and Germany and
constitutes marketing information within the meaning of the Austrian
Securities Supervision and the Capital Markets Acts, but neither
financial analysis nor a recommendation or advice concerning
financial instruments, nor an offer to sell nor a solicitation to buy
any securities. The exchange offer of securities of voestalpine AG in
Austria and Germany may only be made in Austria and Germany on the
basis of a prospectus dated June 22, 2012, approved by the Commission
de Surveillance du Secteur Financier (CSSF), published and notified
to the Austrian Financial Market authorities (FMA) and the German
Federal Financial Supervisory Authority (BaFIN) including its
supplements as well as the final terms, which is available free of
charge at voestalpine AG, voestalpine-Straße 1, A-4020 Linz, and
which can be reviewed in electronic form on the website of the issuer
(www.voestalpine.com) and of the Luxembourg stock exchange
(www.bourse.lu). This notice is addressed exclusively to holders of
the hybrid bond 2007 (ISIN AT0000A069T7) to whom it is lawful under
applicable laws to particpate in the exchange offer and to receive
the Exchange Offer Memorandum. In particular, this notice is not
adressed to US perosns or to residents of the United States, Great
Britain, Belgium, France or Italy or of another country where its
distribution or publication would be unlawful. This notice may not be
forwarded to the United States nor distributed within the United
States and may not be distributed or disclosed to US persons, to
general circulation publications in the United States or to residents
another country where its distribution or publication would be
unlawful.

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

end of announcement euro adhoc
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issuer: voestalpine AG
voestalpine-Straße 1
A-4020 Linz
phone: +43 50304/15-9949
FAX: +43 50304/55-5581
mail: IR@voestalpine.com
WWW: www.voestalpine.com
sector: Metal Goods & Engineering
ISIN: AT0000937503
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English