Acquisition Böhler-Uddeholm

Pursuant to the Austrian Minority Shareholders’ Squeeze-out Act (GesAusG), the minority shareholders of BÖHLER-UDDEHOLM AG shall receive a cash compensation of EUR 70.26 per share plus interest in the amount of EUR 1.63. Interest shall be paid in full, without deduction of capital gains tax.

The total amount of EUR 71.89 shall be credited to the shareholders automatically and free of any charges as of 24.11.2008 (= effective date/value date).

To prepare for the event of any applications for review of the cash compensation (§ 6 (2) GesAusG in conjunction with §§ 225c et. seq. Companies Act (AktG)), the securities account balance of each shareholder per 24.11.2008 is recorded and posted to the following separate ISIN Code: AT0000A0BKQ3 “BÖHLER-UDDEHOLM/Entitlement to a possible supplementary payment/cash compensation”. This is necessary for processing reasons and does not result in any costs for the shareholders.

November 14, 2008

• July 30, 2008
  Action to challenge the validity of the resolution  

• May 15, 2008
  voestalpine publishes cash settlement offer for BÖHLER-UDDEHOLM AG

• March 25, 2008 
  Böhler-Uddeholm AG; 90% voting threshold passed

• September 7, 2007
  voestalpine AG reaches 79.2 % in Böhler-Uddeholm AG

• July 2, 2007 
  voestalpine confirms no increase of bid price for Böhler-Uddeholm

• June 19, 2007
  BOEHLER-UDDHOLM AG: takeover offer by voestalpine AG unconditional – purchase price payable on 22 June 2007

• June 5, 2007 
  voestalpine successful in takeover offer for Boehler-Uddeholm; final result available; still waiting for merger control approval

• June 5, 2007
  voestalpine successful in takeover offer for Boehler-Uddeholm; preliminary result available

• May 18, 2007 
  voestalpine increases takeover offer for BÖHLER-UDDEHOLM AG from EUR 69.00 to EUR 73.00; acceptance period extended until June 4, 2007

• April 25, 2007
  voestalpine publishes takeover offer for BÖHLER-UDDEHOLM AG on April 26, 2007

• April 13, 2007
  voestalpine board: no rights issue for Böhler-Uddeholm take-over 

• March 29, 2007
  According to § 5 (3) Austrian Takeover Code and with regard to § 48d BörseG voestalpine AG announces: