EANS-Adhoc: ANDRITZ AG: supplement to the buyback program

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) 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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Buybacks
08.11.2016

Graz, November 8, 2016. ANDRITZ AG announces the following as a
supplement to the publication of April 13, 2016: The Executive Board
of ANDRITZ AG resolved to make use of the authorization pursuant to
the resolution by the 109th Annual General Meeting of the company on
March 30, 2016, to buy back shares pursuant to § 65(1), line 8 AktG.
This resolution authorizes the Executive Board to purchase a maximum
of 10 percent of the share capital of ANDRITZ AG including the shares
the company has already acquired by purchase.

- Date of the authorization resolution by the Annual General Meeting
pursuant to § 65 (1), line 8 AktG: March 30, 2016

- Date and form of publication of the authorization resolution:
March 30, 2016 via "euro adhoc" and on the company's website at
www.andritz.com

- Start and expected duration of the buy-back program:
November 11, 2016 until September 30, 2018

- Type of shares to which the buy-back program refers:
ANDRITZ AG no-par value shares issued to bearers

- Intended volume (number of shares) of the buy-back program: Up to
2,000,000 company shares issued to bearers, which is equal to 1.92
percent of the company's share capital

- Lowest and highest amount to be paid per share: The lowest amount
to be paid in the buy-back must not be less than the respective
amount represented by each share in the capital stock, and the
highest amount to be paid in the buy-back must not exceed 10 percent
of the average, unweighted closing price on the preceding 10
trading days.

- Form of buy-back: Purchase through the Stock Exchange, with no
takeover offer being submitted on the occasion of the buy-back

- Purpose of buy-back: Use of treasury shares for purposes pursuant
to the authorization resolution by the Annual General Meeting on
March 30, 2016, in particular the improvement of supply and demand
for the ANDRITZ share on the Vienna Stock Exchange, however
excluding trading of treasury shares for the purpose of
profit-making. No shares will be cancelled on the occasion of the
buy-back program. The company reserves the right to also use the
purchased treasury shares for the purpose of a stock option program
for employees, senior executives, and members of the Executive or
Supervisory Boards of the company or one of its associated
companies if necessary; in this case, the issuer will disclose
without delay the number and distribution of the stock options to
be granted pursuant to § 6 (1) of the Austrian Publication Ordinance.
Furthermore, the company reserves the right to use purchased treasury
shares for acquisition of companies, workshops, parts thereof, or
company stakes. The company reserves the right to sell purchased
treasury shares again through the Vienna Stock Exchange.

- Possible effects of the buy-back program on the listing of the
issuing company: None

- Extent of the current stock options within the time period of the
stock options granted or planned under § 65 (1), line 8 AktG as
part of stock option plans for managers or members of the Executive
and Supervisory Boards of the issuing company: In the event of
purchased treasury shares being issued, the issuing company will
disclose the extent of the stock options without delay pursuant to §
6 (1) of the Austrian Publication Ordinance.

Notice pursuant to § 5 (4) of the Austrian Publication Ordinance
2002: The details on the transactions conducted as part of this
buy-back to be published pursuant to § 7 of the Austrian Publication
Ordinance and any changes to be published pursuant to § 6 of the
Austrian Publication Ordinance will be published on the ANDRITZ AG
website www.andritz.com.

The Executive Board of ANDRITZ AG

- End -

Press release for download
The press release is available for download at the ANDRITZ web site:
www.andritz.com/news.

The ANDRITZ GROUP ANDRITZ is a globally leading supplier of plants,
equipment, and services for hydropower stations, the pulp and paper
industry, the metalworking and steel industries, and for solid/liquid
separation in the municipal and industrial sectors. The publicly
listed technology Group is headquartered in Graz, Austria, and has a
staff of approximately 25,500 employees. ANDRITZ operates over 250
sites worldwide.

Further inquiry note:
Dr. Michael Buchbauer
Head of Group Finance, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

end of announcement euro adhoc
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issuer: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English

Original-Content von: Andritz AG, übermittelt durch news aktuell