EANS-Adhoc: voestalpine AG / voestalpine resolves to increase registered capital by 1.45% in order to further expand employee shareholding scheme

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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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Restructuring & Recapitalisations/Company Information
09.03.2015

Subject to the approval of the Supervisory Board, voestalpine AG's
Management Board resolved on March 9, 2015 to exercise its power to
increase the Company's registered capital in accordance with § 4 (2b)
of its Articles of Association by issuing 2,500,000 new bearer shares
at no par value, thus increasing the registered capital by
approximately 1.45%. The issue price was fixed at EUR 34,48 per
share. The issue price of the shares corresponds to the closing
average market price of the voestalpine share over the 5 trading days
prior to the resolution of Management Board adopted on March 9, 2015.

The purpose of issuing the new shares is to further expand and
safeguard voestalpine's employee shareholding scheme. The
subscription rights of all other shareholders are thus being
excluded, and shares may be acquired only by voestalpine
Mitarbeiterbeteiligung Privatstiftung, which shall hold the shares in
trust for the employees participating in the voestalpine employee
shareholding scheme.

Upon completion of the capital increase, the company's capital stock
will be EUR 317,851,287.79 and consist of 174,949,163 individual
shares. The capital increase is scheduled to take place until the end
of April 2015.

As early as 2000, voestalpine has launched an employee shareholding
scheme which has subsequently been expanded continually. Currently
voestalpine Mitarbeiterbeteiligung Privatstiftung held 12,6% of
voestalpine AG's capital. Additionally, voestalpine
Mitarbeiterbeteiligung Privatstiftung manages approximately 1.1% of
private shares of present and former employees. With the capital
increase this share will rise to 13.8% (plus approximately 1.1% of
private shares).

This ad-hoc notice constitutes neither an offer for sale nor an
invitation to submit an offer to purchase voestalpine AG securities.
As the new shares are not being offered for public subscription but
rather are being offered for subscription exclusively to the
voestalpine Mitarbeiterbeteiligung Privatstiftung holding the shares
in trust for the employees participating in the voestalpine
shareholding scheme, and as the increase in capital stock amounts to
less than 10% of all issued and listed voestalpine shares, no
prospectus is required to be issued pursuant to the Austrian Capital
Market Act [Kapitalmarktgesetz] or the Austrian Stock Exchange Act
[Börsegesetz].

Further details as to the publication, particularly the report of
voestalpine AG's Management Board concerning the exclusion of the
subscription rights, is available on www.voestalpine.com under
Investors or please contact the Investor Relations Team of
voestalpine AG under +43/50304/15-9949 for any further details.

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