The Managing Board of voestalpine AG has resolved to utilize the authorization granted by the 11th annual General Meeting of the company on July 1, 2003 to effect a repurchase of stocks covering up to 1,000,000 of the Company's ordinary bearer shares and corresponding to approximately 2.5 % of the company's share capital.

It is planned that the shares thus acquired will be used for the 2001 Stock Option Program of voestalpine AG as well as for improving demand in shares of voestalpine AG.

Further information please find on the homepage of voestalpine AG http://www.voestalpine.com under Investor Relations/Repurchase Program.

12 May 2004