EANS-General Meeting: Lenzing AG / Invitation to the General Meeting

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General meeting information transmitted by euro adhoc. The issuer is
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Lenzing Aktiengesellschaft (,,Company")
with its registered office in Lenzing
Commercial Register No. ("FN") 96499 k
ISIN: AT 0000644505

I n v i t a t i o n

to the

72stAnnual General Meeting of our Company

to be held onWednesday,20 April 2016 at 10:30 a.m.(CEST) at Lenzing
AG, building A14 - 5thfloor, Werkstraße 2, 4860 Lenzing.

Agenda:

1. Presentation of the adopted annual financial statements and the management
report and corporate governance report, consolidated financial statements
and group management report, each as of December 31, 2015, presentation of
the proposal for the use of profits, and of the report of the Supervisory
Board on the business year 2015

2. Adopting a resolution on the use of the net profit shown in the 2015 annual
financial statements

3. Adopting a resolution on discharge of the Members of the Management Board
for the business year 2015

4. Adopting a resolution on discharge of the Members of the Supervisory Board
for the business year 2015

5. Adopting a resolution on the compensation of members of the Supervisory
Board for the business year 2015

6. Elections to the Supervisory Board

7. Election of the auditor of the annual financial statements and
consolidated financial statements for the business year 2016

8. Adopting a resolution on the authorization of the management board (valid
for a maximum period of thirty months from the date of this resolution) to
buy own shares of up to a total of 10% of the share capital in accordance
with section 65, sub-section 1 pt. 8 of the Austrian Stock Corporations Act
(AktG), with the approval of the supervisory board including the approval
of the terms and conditions of such buy back

9. Adopting a resolution on cancellation of the authorized capital pursuant to
shareholders' resolution dated 10 December 2010 of agenda item 2

10. Adopting a resolution on cancellation of the contingent capital pursuant to
shareholders' resolution dated 10 December 2010 of agenda item 3

Opportunity for shareholders to inspect records pursuant to section
108 sub- sections 3 and 4 of the Stock Corporations
Act("AktG")(section 106 pt. 4 of the Stock Corporations Act)

In addition to the complete text of this convocation and the forms
for appointing and revoking appointment of a proxy holder according
to section 114 Stock Corporations Act, the following documents and
records will be available at the latest from the 21stday preceding
the Annual General Meeting for inspection on the Company Website
www.lenzing.com under Annual General Meeting 2016, but prospectively
already from 23 March 2016.

* Annual financial statements and management report,
* Corporate governance report,
* Consolidated financial statements and group management report,
* Proposal for the use of profits,
* Report of the Supervisory Board,

each relating to the business year 2015;

* Proposed resolutions on items 2. - 10. of the agenda, * Ad agenda
item 6.: Curriculum vitae of the candidates to be appointed to the
Supervisory Board pursuant to section 87 sub-section 2 of the Stock
Corporations Act.

These documents will additionally be available at the Annual General
Meeting. Upon request each shareholder will be provided with a copy
of the aforementioned documents immediately and free of charge.

Information on shareholders' rights pursuant to sections 109, 110 and
118 of the Stock Corporations Act (section 106 pt. 5 of the Stock
Corporations Act)

Pursuant to section 109 of the Stock Corporations Act, shareholders
whose aggregate shareholding equals five percent or more of the
nominal capital may request in written form that additional items be
put on the agenda of the Annual General Meeting and published. Each
motion for an item to be put on the agenda must be accompanied by a
proposal for a resolution with statement of reasons. Shareholders
filing such a motion must have held the shares continuously for at
least three months prior to filing the motion. Any such request by
shareholders must be received by the Company no later than on the
21st day before the Annual General Meeting, i.e. by 30 March 2016. In
case of an additional item to be put on the agenda, the supplemented
agenda of the Annual General Meeting will be announced publicly,
electronically on the company website www.lenzing.com Annual General
Meeting 2016 no later than 1 April 2016, as well as in the same way
as the original agenda (in the official gazette to the "Wiener
Zeitung") no later than 6 April 2016. Pursuant to section 110 of the
Stock Corporations Act, shareholders whose aggregate shareholding
equals one percent or more of the nominal capital may submit proposed
resolutions in text form concerning any item on the agenda, and
request that these be made available on the Company website, together
with the name of the respective shareholders, a statement of reasons
to be submitted with the proposal, and any comments of the Management
Board or Supervisory Board. Requests of this kind will only be
considered when received by the Company no later than on the 7th
working day before the Annual General Meeting, i.e. by 11 April 2016.
In case of a proposal for the election of a Supervisory Board member
the statement of the proposed person pursuant to section 87
sub-section 2 of the Stock Corporations Act replaces the statement of
reasons. Such proposed resolutions will be made available on the
company website www.lenzing.com Annual General Meeting 2016 no more
than two days from receipt and no later than 13 April 2016.

Pursuant to section 118 of the Stock Corporations Act, any
shareholder shall be provided with information on the Company's
affairs upon request at the Annual General Meeting to the extent that
such information is required for proper assessment of an item on the
agenda. This obligation to provide information shall also extend to
the legal and business relationships of the Company with affiliated
companies, the state of affairs of the group, and the companies
included in the consolidated financial statements.

The Company may deny providing information to the extent that
according to sound business judgment it might cause material damage
to the Company or any affiliated company or if providing such
information would constitute a punishable offense. Providing
information may also be denied if such information has been
continuously available on the Company website in the form of question
and answer for at least seven days prior to the beginning of the
Annual General Meeting.

We kindly ask the shareholders to send any questions requiring
extensive preparation to answer to the Company in in written form in
due time prior to the Annual General Meeting.

For the purpose of providing proof of shareholder status in order to
exercise the above mentioned shareholders' rights it is sufficient if
holders of deposited bearer shares submit a deposit certificate
(Depotbestätigung) within the meaning of section 10a Stock
Corporations Act. Any rights of shareholders subject to a specific
holding period may be exercised only if the submitted deposit
certificate gives proof of the shareholder status during the relevant
period. A deposit certificate used to prove current shareholder
status must not be older than seven days when submitted to the
Company.

Further information on shareholders' rights, in particular under
sections 109, 110 and 118 of the Stock Corporations Act, is also
available on the company website at www.lenzing.com Annual General
Meeting 2016.

Any motions for putting additional items on the agenda pursuant to
section 109 of the Stock Corporations Act, including enclosures,
shall be submitted to the Company exclusively by mail or courier
service in written form (Lenzing AG, Werkstrasse 2, 4860 Lenzing)
attn. Mag. Waltraud Kaserer.

Proposals for resolutions pursuant to section 110 of the Stock
Corporations Act, including enclosures, as well as any questions
shall be submitted to the Company exclusively by mail or courier
service (Lenzing AG, Werkstrasse 2, 4860 Lenzing), by fax (+43 (0)
7672/918-2713) or email (Hauptversammlung_2016@lenzing.com; the
documents in text form, e.g. as a PDF- file, must be attached to the
e-mail) attn. Mag. Waltraud Kaserer.

Record date and conditions of attendance of the Annual General
Meeting pursuant to section 111 of the Stock Corporations Act
(section 106 points 6 and 7 of the Stock Corporations Act)

Pursuant to section 111 sub-section 1 of the Stock Corporations Act,
the right to attend the Annual General Meeting and to exercise the
shareholders' rights that are exercised during the Annual General
Meeting is determined by the shares held at the end of the tenth day
before the date of the Annual General Meeting (Record Date),
consequently on the shares held onSunday,10 April 2016, 12:00
p.m.(CEST).

Participation in the Annual General Meeting is limited to persons who
are shareholders on the Record Date and supply proof thereof to the
Company.

In case of deposited bearer shares proof of shareholding at the
Record Date is provided by submitting a deposit certificate pursuant
to section 10a of the Stock Corporations Act. The deposit certificate
shall be issued by the depositary bank based in a member state of the
European Economic Area or in a full member state of the OECD. The
deposit certificate must contain at least the information required
according to section 10a sub-section 2 of the Stock Corporations Act.
Deposit certificates will be accepted in German and English.

Proof of shareholder status at the Record Date in the form of a
deposit certificate must be received at one of the following
addresses no later than on the third working day before the Annual
General Meeting, i.e. by 15 April 2016, exclusively by mail or
courier service (OeKB CSD GmbH,HV Operation Center 1, attention Mrs.
Tanja Kruder, Strauchgasse 1-3,6thfloor, 1010 Vienna), by fax (+43
(0)1-928 90 60), email (hv.anmeldung-1@oekb-csd.at) or by SWIFT BIC
(OCSDATWWHVS).

Further information on the conditions of participation in the Annual
General Meeting, is also available on the Company website at
www.lenzing.com Annual General Meeting 2016.

Appointment of a proxy holder pursuant to sections 113 et seq Stock
Corporations Act (section 106 pt. 8 of the said Act)

Any shareholder entitled to attend the Annual General Meeting shall
be entitled to appoint a natural or legal person as proxy holder. The
proxy holder may attend the Annual General Meeting on behalf of the
shareholder and will have the same rights as the shareholder
represented. The Company itself or a member of the Management Board
or Supervisory Board may exercise voting rights as a proxy holder
only insofar as the shareholder has explicitly provided detailed
voting instructions regarding the individual items of the agenda.

The proxy must be granted to a specific person. A proxy in text form
shall be sufficient in any case. If a shareholder has granted power
of proxy to the depositary bank (section 10a of the Stock
Corporations Act) it shall be sufficient if in addition to submitting
the deposit certificate the bank makes a statement that it has been
granted power of proxy. It is also possible to grant power of proxy
to multiple persons. Forms for granting power of proxy which may also
be used to grant limited power of proxy are available on the Company
website www.lenzing.com under Annual General Meeting 2016.

The proxy must be received no later than on 19 April 2016, 1.00 p.m.
(CEST) exclusively by mail or courier service (OeKB CSD GmbH, HV
Operation Center 1, attention Mrs. Tanja Kruder, Strauchgasse 1-3,
6th floor, 1010 Vienna), by fax (+43 (0)1-928 90 60), email
(hv.anmeldung-1@oekb-csd.at) or by SWIFT BIC (OCSDATWWHVS); the proxy
in text form, e.g. as PDF-file, must be attached to the e-mail) and
will be kept by the Company.

On the day of the Annual General Meeting the proxy may only be
submitted upon registration for the Annual General Meeting at the
venue of the meeting. The aforementioned provisions on granting power
of proxy apply analogously to the revocation of power of proxy. Any
revocation shall be valid only when received at one of the
aforementioned addresses respectively by the Company.

As a special, free of charge service shareholders who are not able or
do not wish to attend the Annual General Meeting in person may have
their voting rights in the Annual General Meeting exercised by Mr
Michael Knap as representative of the "Interessenverband für Anleger"
(IVA, Austrian Association of Investors), 1130 Vienna, Feldmühlgasse
22. As independent proxy holder Mr Michael Knap will exercise the
voting rights exclusively in accordance with and bound byvoting
instructions given by the respective shareholders regarding the
individual items of the agenda.However, shareholders intending to
grant power of proxy are not obliged to appoint Mr Michael Knap as
their proxy holder. A special form for granting power of proxy or
revocation of proxy to Mr Michael Knap (only available in German) may
be downloaded at the Company website at www.lenzing.com Annual
General Meeting 2016. The proxy granted to Mr Michael Knap must be
received no later than on19 April 2016, 1.00 p.m. (CEST)exclusively
by mail or courier service (OeKB CSD GmbH, HV Operation Center 1,
attention Mrs. Tanja Kruder, Strauchgasse 1-3, 6th floor, 1010
Vienna), by fax (+43 (0)1-928 90 60), email
(hv.anmeldung-1@oekb-csd.at) or by SWIFT BIC (OCSDATWWHVS); the proxy
in text form, e.g. as PDF-file, must be attached to the e-mail) and
will be kept by the Company.

Further information on the granting of proxy to Mr Michael Knap is
also available on the Company website at www.lenzing.com Annual
General Meeting 2016.Shareholders may also contact Mr Michael Knap
directly by tel: +43 (0) 664 213 8740, by fax: +43 (0) 1 876 33 43-39
or by e-mail: michael.knap@iva.or.at.

Total number of shares and voting rights at the date of convocation
of the AnnualGeneralMeeting (Section 106 pt. 9 of the Stock
Corporations Act)

At the date of convocation of the Annual General Meeting, the nominal
capital of the Company amounts to EUR 27.574.071,43 and is divided
into 26.550.000 no-par value bearer shares. Each no-par value share
grants one vote. At the date of the convocation of the Annual General
Meeting, the Company does not hold own shares. Thus, the total number
of shares entitled to participate and vote amounts to 26.550.000 at
the date of the convocation of the Annual General Meeting.

Doors for the Annual General Meeting will open on20 April 2016, at
09:45 a.m. (CEST).

The shareholders and proxy holders are requested to show an identity
document with a photograph (passport, ID card, driver's license) at
the entrance to the Annual General Meeting. We kindly ask the
shareholders and proxy holders to take into account the high number
of participants to be expected and the usual safety precautions when
planning the timing of their arrival.

This document is published in German and in a non-binding English
convenience translation.

Lenzing, March 2016
The Management Board

Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 07672-96301
mail to:w.kaserer@lenzing.com

end of announcement euro adhoc
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issuer: Lenzing AG

A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: office@lenzing.com
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI, ATX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien
language: English