EANS-News: Lenzing AG / Lenzing Annual General Meeting Resolves to Double Dividend to EUR 2.00 per Share

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Annual & Special Corporate Meetings

This year's Annual General Meeting of Lenzing AG resolved today,
Wednesday April 20, 2016, to distribute a dividend of EUR 2.00 per
share for the 2015 financial year compared to EUR 1.00 per share for
the previous year. The dividend payment is scheduled to take place on
April 26, 2016, whereas ex-dividend day is on April 22, 2016.

Furthermore, the Annual General Meeting approved the resolution to
reduce the number of Supervisory Board members. Effective
immediately, the Supervisory Board will have only eight shareholder
representatives instead of nine as in the past. Moreover, the
Supervisory Board mandates of Franz Gasselsberger and Patrick Prügger
were extended for a further term of office ending at the Annual
General Meeting in 2020.

Accordingly, the shareholder representatives on the Supervisory Board
now consist of Hanno Bästlein, Veit Sorger, Felix Strohbichler,
Helmut Bernkopf, Franz Gasselsberger, Josef Krenner, Patrick Prügger
and Astrid Skala-Kuhmann.

The Annual General Meeting held today also adopted a resolution
discharging the members of the Management Board and Supervisory Board
for the 2015 financial year. In addition, the Annual General Meeting
resolved upon the remuneration of the Supervisory Board members for
the 2015 financial year. Deloitte Audit
Wirtschaftsprüfungsgesellschaft mbH, Vienna, was appointed once again
to serve as the auditor of the annual and consolidated financial
statements for the 2016 financial year.

Moreover, the Management Board was authorized, contingent upon the
consent granted by the Supervisory Board, to buy back the Company's
own shares (treasury shares) up to a maximum of 10% of the Company's
share capital, for a period lasting up to 30 months starting with the
date the resolution was passed. The Management Board was also granted
authorization, if necessary, to reduce the Company's share capital,
with the approval of the Supervisory Board, by redeeming these own
shares.

The subsequent constituent meeting of the new Supervisory Board
elected Hanno Bästlein to serve as the Chairman of the Supervisory
Board, whereas Veit Sorger and Felix Strohbichler were elected to
serve as the Deputy Chairmen.

Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Vice President Corporate Communications & Investor Relations
Tel.: +43 (0) 7672 701-2713
mailto:w.kaserer@lenzing.com

end of announcement euro adhoc
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company: 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: official market: Wien
language: English