EANS-News: STRABAG SE: Federal Constitutional Court in Germany confirms parts of the complaint against German Offshore Wind Energy Act - ATTACHMENT

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Company Information

Vienna/Karlsruhe - The German Federal Constitutional Court in Karlsruhe today
published a Senate resolution partially upholding a constitutional complaint
against provisions contained in the German Offshore Wind Energy Act (file number
1 BvR 1679/17). STRABAG, through its respective project companies and together
with eight other project sponsors, had submitted the constitutional complaint at
the end of July 2017 to force a review of the new legal provisions for offshore
wind energy that had come into force at the start of 2017. Specifically, the
Offshore Wind Energy Act had the unconstitutional retroactive effect of
devaluing, without compensatory provisions, investments already made by the
complainants.

STRABAG welcomes today's decision by the Federal Constitutional Court as
strengthening the doctrine of legitimate expectation in Germany. The company
will examine the court's decision in detail and wait to see how the German
legislature will implement the measures mandated by the Federal Constitutional
Court by the deadline set for 30 June 2021.

The resolution has no immediate influence on the STRABAG SE earnings guidance.

Further inquiry note:
STRABAG SE
Diana Neumüller-Klein
Head of Corporate Communications
Tel: +43 1 22422-1116
[email protected]

end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/2246/5/10542868/1/STRABAG_SE_Verfassungsbeschwerde_20082020_e.pdf

issuer: STRABAG SE
Donau-City-Straße 9
A-1220 Wien
phone: +43 1 22422 -0
FAX: +43 1 22422 - 1177
mail: [email protected]
WWW: www.strabag.com
ISIN: AT000000STR1, AT0000A05HY9
indexes: ATX, SATX, WBI
stockmarkets: Wien
language: English

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE

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