EANS-News: RHI AG / Employee stock ownership scheme 4 plus 1 (share buyback)

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Subtitle: Disclosure in accordance with § 65 para. 1 (4) of the Stock
Corporation Act (AktG) in conjunction with §§ 4 and 5 of the
Disclosure Regulation 2002

Buybacks

Wien (euro adhoc) - With a resolution of the 34th Annual General
Meeting of RHI AG on May 3, 2013, the company was authorized to
acquire treasury shares in accordance with § 65 para. 1 (4) AktG of a
total of up to 12,000 (twelve thousand) non-par shares, which is
equivalent to approximately 0.03% (zero point zero three percent) of
the share capital of the company, at the share price on the day of
exercising the authorization to issue to employees and executives of
the company as well as members of the management, executives and
employees of subsidiaries of the company within the continuation of
the "employee stock ownership scheme 4+1". The authorization to
acquire such shares will be valid for 18 (eighteen) months from the
day of the adoption of the resolution.

On October 21, 2013, the Management Board adopted the decision to buy
back treasury shares up to a maximum amount of 12,000 (twelve
thousand) shares, corresponding to the monthly extent of the
purchases by employees and executives of the company as well as
members of the management, executives and employees of subsidiaries
of the company, and to make them available ("to sell") to the
above-mentioned group of persons within the "employee stock ownership
scheme 4+1" as "bonus shares". The company gives the above-mentioned
group of persons one "bonus share" for every 4 (four) shares of the
company they have purchased as part of the "employee stock ownership
scheme 4 + 1".

By means of this disclosure, the resolution of the Management Board
is published and the intended free of charge transfer ("sale") of
treasury shares to the employees and executives of the company and
the members of the management, executives and employees of
subsidiaries is announced.

The resolution adopted on May 3, 2013 regarding the authorization by
the Annual General Meeting was published in the Official Gazette
(Amtsblatt zur Wiener Zeitung) on May 7, 2013.

The share buyback program begins on November 4, 2013 and will end at
the latest with the expiry of the day on November 3, 2014.

The share buyback program refers to non-par bearer shares of the
company.

The intended volume of the buyback of shares amounts to a maximum of
12,000 (twelve thousand) shares, which corresponds to a maximum of
0.03% (zero point zero three percent) of the share capital of the
company.

The consideration to be paid per share shall be no higher and no
lower than the share price on the stock exchange on the day of
exercising the authorization.

The type of buyback is an acquisition of shares via the stock
exchange for the purpose of issuing the shares to employees and
executives of the company as well as members of the management,
executives and employees of subsidiaries within the "employee stock
option scheme 4+1".

The share buyback program will have no effect on the listing of the
shares of the company.

The company intends, in accordance with § 5 para. 4 of the Disclosure
Regulation 2002 (VeröffentlichungsV 2002), to fulfill the disclosure
obligations in accordance with §§ 6 and 7 of the Disclosure
Regulation 2002 by publishing the information on the website of the
company in the Internet (www.rhi-ag.com).

Vienna, October 2013

The Management Board

Further inquiry note:
RHI AG
Investor Relations
Mag. Simon Kuchelbacher
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@rhi-ag.com

end of announcement euro adhoc
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company: RHI AG
Wienerbergstrasse 9
A-1100 Wien
phone: +43 (0)50213-6676
FAX: +43 (0)50213-6130
mail: rhi@rhi-ag.com
WWW: http://www.rhi-ag.com
sector: Refractories
ISIN: AT0000676903
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English