euro adhoc: voestalpine AG / Mergers - Acquisitions - Takeovers / voestalpine successful in takeover offer for Boehler-Uddeholm; final result available; still waiting for merger control approval (E)

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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05.06.2007

On 26 April 2007, voestalpine AG published a voluntary public takeover bid to
the shareholders of Boehler-Uddeholm AG which was improved and the acceptance
period extended by corresponding publication on 19 May 2007 preceded by a press
release on May 18, 2007. The (extended) term of acceptance for the takeover bid
expired on 4 June, 2007 at 5:30 p.m. Vienna time.

Within the acceptance period, the takeover bid was accepted in respect of
17,172,034 in Boehler-Uddeholm shares, in total constituting approximately a
share of 33.7 % in the equity capital of Boehler-Uddeholm,. Considering the
indirectly acquired Boehler-Uddeholm shares of BU Industrieholding GmbH,
voestalpine hence has secured of 27,858,374 Boehler-Uddeholm shares in total,
which represent a share of approximately 54.6 % of the Boehler-Uddeholm´s
aggregate equity capital. The statutory minimum acceptance requirement (§ 25a
para 2 Takeover Act) is thus fulfilled.

The takeover bid remains subject to obtaining the relevant merger control
approvals.

The acceptance period of the takeover bid is extended by three months from the
publication of the results (§ 19 para 3 Takeover Act), thus until 6 September
2007, for all Boehler-Uddeholm shareholders who have not yet accepted the
takeover bid.

voestalpine AG or any person acting in concert with voestalpine AG may make
purchases of, or arrangements to purchase, directly or indirectly,
Boehler-Uddeholm shares other than pursuant to the Offer outside the United
States. Any such purchase will be made in accordance with Austrian law and will
be notified to the Austrian Takeover Commission or, if and to the extent
required by the Austrian Takeover Code, disclosed through the issuance of press
releases in Austria and the United States.

The publication of the result of the takeover bid in the official Austrian
Gazette will take place on 6 June 2007.

This communication does not constitute a public offer for the acquisition of
shares in or other securities issued by Boehler-Uddeholm AG. The public offer
has been made only and solely through publication of the takeover bid on 26
April 2007. Its acceptance can occur only in accordance with the terms of the
takeover bid as amended. The takeover bid has been available since 26 April 2007
and the revision of the takeover bid from its publication on 19 May 2007
onwards, both in the exclusively binding German version and in a non-binding
English translation among others, on voestalpine AG´s website
www.voestalpine.com.

Further details as to the publication is available on www.voestalpine.com or
please contact the Investor Relations Team of voestalpine AG under
+43/50304/15-9949 for any further details.

Further inquiry note:
DI Peter Fleischer
Head of Investor Relations
Tel.: +43/50304/15-9949
Fax: +43/50304/55-5581
mailto:[email protected]
http://www.voestalpine.com

end of announcement euro adhoc 05.06.2007 12:55:31
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emitter: voestalpine AG
voestalpine-Straße 1
A-4020 Linz
phone: +43 50304/15-9949
FAX: +43 50304/55-5581
mail: [email protected]
WWW: www.voestalpine.com
sector: Metal Goods & Engineering
ISIN: AT0000937503
indexes: ATX, ATX Prime, WBI
stockmarkets: official market: Wiener Börse AG
language: English

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