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

The Managing Board of voestalpine AG has resolved to utilize the authorization granted by the 13th annual General Meeting of the company on June 30, 2005 to effect a repurchase of stocks covering up to 1,000,000 of the company's ordinary bearer shares and corresponding to approximately 2.53% of the company's share capital.

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 General Meeting regarding the authorization pursuant to Art. 65 Para. 1 Section 4 und Section 8 of the AktG (Joint Stock Corporation Act): 30th June 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), 5th July 2005.
3. Commencement and anticipated duration of the repurchase program: 28thJuly 2005 until 31st December 2006.
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 1,000,000 of voestalpine AG´s ordinary bearer shares, i.e. up to 2.53% of voestalpine AG´s share capital.
6. In accordance with the Resolution of the 12th General Meeting the minimum equivalent value upon repurchase will be EUR 30 and the maximum equivalent value upon repurchase will be EUR 80.
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. It is planned that the shares thus acquired will be used for Employee Participation Programs and Stock Option Programs of voestalpine. voestalpine AG reserves the right also to use the repurchased shares for other purposes (within the meaning of Art. 65 Para. 1 Section 8 AktG), inter alia for the service of convertible bonds, or to resell them via the Austrian Stock Exchange. However, trading with own shares for profit-making purposes is excluded. This repurchase program will not be connected with the redemption of shares. 
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 2001 of voestalpine AG to leading executive officers or members of the Managing Board of the issuer: Under the Stock Option Program 2001 20.868 options for the taking-up of one share each are still issued. Details of the 2001 Stock Option Plan of voestalpine AG were published in the Amtsblatt der Wiener Zeitung (Austrian Official Gazette) No. 115 of June 18, 2001.

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 - Repurchase program".


The Managing Board of voestalpine AG has further resolved to close the existing repurchase program on July 22, 2005, which was established by its resolution from April 21, 2005, published in Amtsblatt zur Wiener Zeitung on April 23, 2005, to utilize the authorisation granted by the 12th annual General Meeting of the Company on July 1, 2004.

This resolution is hereby being published pursuant to Art 4 Para. 4 of the Publications Act (BGBl II 2002/112).

Linz, this day, 22nd of July 2005

The Managing Board