• Dividend of EUR 2.10 per share for financial year 2007/08.
• Management Board authorized to repurchase own shares.

A new record dividend was approved today, Wednesday, during the 16th ordinary Annual General Meeting of voestalpine AG. Voting shareholders followed the proposal made by the Management and Supervisory Boards and approved a dividend of EUR 2.10 for each dividend-bearing share for the financial year 2007/08. This dividend is almost 50 per cent higher than the amount paid in the previous year (EUR 1.45 per share) and will be distributed starting as of 14 July.

The Annual General Meeting also authorized the Management Board to repurchase the company's own shares up to a limit of 10 per cent of voestalpine AG’s share capital. This is essentially a renewal of the repurchase authorizations already granted in previous years, which are intented to serve employee shareholding schemes, the stock option program, and the convertible bond issued in 2005.

The period of validity of the repurchase authorization is 30 months. In this context, the Management Board of voestalpine AG was also authorised to the redemption of own shares, thereby reducing the share capital.

(2.7.2008)