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Corporate News from 3 December 2018

3 December 2018 | 

voestalpine resolves to increase registered capital by 1.25% in order to further expand employee shareholding scheme

Subject to the approval of the Supervisory Board, voestalpine AG's Management Board resolved on December 3, 2018 to exercise its power to increase the Company´s registered capital in accordance with § 4 (2b) of its Articles of Association by issuing 2,200,000 new bearer shares at no par value, thus increasing the registered capital by approximately 1.25%. The issue price was fixed at EUR 29.24 per share. The issue price of the shares corresponds to the closing average market price of the voestalpine share over the 5 trading days prior to the resolution of Management Board adopted on December 3, 2018.

The purpose of issuing the new shares is to further expand and safeguard voestalpine´s employee shareholding scheme. The subscription rights of all other shareholders are thus being excluded, and shares may be acquired only by voestalpine Mitarbeiterbeteiligung Privatstiftung, which shall hold the shares for the employees participating in the voestalpine employee shareholding scheme. This notice constitutes neither an offer for sale nor an invitation to submit an offer to purchase voestalpine AG securities.

Upon completion of the capital increase, the company's capital stock will be EUR 324,391,840.99 and consist of 178,549,163 individual shares. The share of voestalpine Mitarbeiterbeteiligung Privatstiftung shall increase from the current approx. 12.52% to 13.58% (plus approx. 1.27% private shares). The capital increase is scheduled for implementation by the end of March 2019.