A split of voestalpine shares by 1:4 (four for one) was decided by the AGM on 5 July, 2006. As a consequence the number of bearer shares will be increased from 39,600,000 to 158,400,000.

The related changes in the articles of association were registered in the commercial register at the state court in Linz on 13 July, 2006.
The adjustment at the Vienna Stock Exchange will become effective as of 1 August, 2006.

Convertible bonds 2005-2010 – ISIN AT0000492905

As a result of the share split in the rate of 1:4 (four for one), the conversion price of the 1.50%Convertible Bonds 2005-2010 convertible into common bearer shares with no par value of voestalpine AG is adjusted, according to its terms, to EUR 18.75 per share instead of EUR 74.98 per share. The adjustment shall become effective as of 13 July, 2006.

21 July 2006