PUBLICATION OF THE RESOLUTION TO UTILIZE THE AUTHORIZATION TO REPURCHASE SHARES, PUBLICATION OF THE PROGRAM FOR SUCH REPURCHASE, PUBLICATION OF THE RESOLUTION TO CLOSE THE EXISTING REPURCHASE PROGRAM


On October 10, 2006 the Managing Board of voestalpine AG has resolved to utilize the authorization granted by the 14th Annual General Meeting of the company on July 5, 2006 to effect a repurchase of stocks covering up to 10% of the company's share capital presently corresponding to 15.840.000 shares.

This resolution is hereby being published pursuant to Art 65 Para. 1a of the AktG (Join Stock Corporation Act) and Art 82 Para 9 of the BörseG (Stock Exchange Act) in conjunction with Art 4 Para. 2 of the Publications Act (BGBl II 2002/112). Furthermore, publication of the repurchase program is undertaken in accordance with Art. 65 Para. 1a of the AktG (Joint Stock Corporation Act) and Art. 82 Para. 9 of the BörseG (Stock Exchange Act) in conjunction with Art. 5 of the Publications Act (BGBl II 2002/112).

1. Date of the Resolution of the Annual General Meeting regarding the authorization pursuant to Art. 65 Para. 1 Section 4 und Section 8 of the AktG (Joint Stock Corporation Act): 5th July 2005.
2. Date and method of publication of the Resolution of the General Meeting pursuant to Art.65 Para. 1a of the AktG (Joint Stock Corporation Act): Amtsblatt zur Wiener Zeitung (Austrian Official Gazette), 8th July 2006.
3. Commencement and anticipated duration of the repurchase program: 18th October 2006 until 31st December 2007.
4. Class of shares to which the repurchase program applies: voestalpine AG's ordinary bearer shares (uniform class of shares).
5. Intended volume (in shares) of the repurchase of the company's own shares: up to 10% of voestalpine AG's share capital, presently corresponding to 15.840.000 shares.
6. In accordance with the Resolution of the 14th Annual General Meeting the lowest price will be a maximum of 20% below and the highest price will be a maximum of 10% above the average of the closing rates of the last 3 trading days prior the purchase of own shares.
7. Manner and purpose of repurchase of own shares: The repurchase of voestalpine AG's shares by virtue of this repurchase program shall take place via the Vienna Stock Exchange, exclusively via financial institutions. The purpose of the repurchase of the company’s own shares is to facilitate servicing the employee participation and stock option programs of the voestalpine Group as well as to facilitate servicing of the convertible bonds issued by voestalpine AG on July 15, 2005. voestalpine AG does, however, also reserve the right to utilize the repurchased shares for other purposes (within the meaning of Art. 65 Para. 1 Section 8 AktG), for example for supporting the Group’s growth strategy, or, where appropriate, to retire the shares. However, trading with own shares for profit-making purposes is excluded.
8. Any effect on the issuer of the repurchase program on the admission of securities to the stock exchange: none.
9. Extent of the share options currently being granted within the framework of the Stock Option Plan 2006 of voestalpine AG to leading executive officers or members of the Managing Board of the issuer: Under the Stock Option Program 2006 4.218.795 options for the taking-up of one share each are issued. Details of the 2006 Stock Option Plan of voestalpine AG were published in the Amtsblatt der Wiener Zeitung (Austrian Official Gazette) No. 115 of June 14, 2006.

voestalpine AG shall fulfil its duties of publication pursuant to Arts. 6 and 7 of the Publications Act by publishing information on voestalpine AG's Internet website at www.voestalpine.com under "Investor Relations – voestalpine Shares – Repurchase Program".

The Managing Board of voestalpine AG has further resolved to close the existing repurchase program on October 10, 2006, which was established by its resolution from July 22, 2005, to utilize the authorisation granted by the 13th Annual General Meeting of the Company on June 30, 2005. This resolution is hereby being published pursuant to Art 4 Para. 4 of the Publications Act (BGBl II 2002/112).

Linz, this day, 10th of October 2006


The Managing Board