EANS-News: Federal Competition Authority files application for fine based on settlement with STRABAG - ATTACHMENT

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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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* Settlement between STRABAG and the BWB in antitrust proceedings in Austria
* Application for a fine of € 45.37 million filed with Cartel Court
* STRABAG SE earnings guidance remains unchanged

Antitrust Issues

Vienna - Group companies STRABAG AG and F. Lang u. K. Menhofer Baugesellschaft
m.b.H. & Co. KG have issued an acknowledgement as part of a settlement in the
antitrust proceedings pending against them since 2017. Subsequently, the Federal
Competition Authority (BWB) today filed an application with the Cartel Court for
a fine against the two companies in the amount of EUR 45.37 million. The
companies have been cooperating fully with the BWB from the outset.

"The fact that the accusations have been partially substantiated following the
intense investigations is a great personal disappointment for me. There is no
denying that the fine hurts us economically. But we have learned our lesson and
for some time now have taken extensive action with a process of internal
reappraisal and the reinforcement of a corporate culture characterised by high
standards of integrity. We were also the first construction group in Austria to
voluntarily introduce an external monitoring system," says Thomas Birtel, CEO of
holding company STRABAG SE.

The decision of the Cartel Court on the application for the fine is still
necessary before the final settlement of the antitrust proceedings can be
reached. A fine against STRABAG entities in the amount being sought would not
necessitate an adjustment to the earnings guidance of the STRABAG SE Group, as
corresponding provisions for the antitrust proceedings have been made in the
2020 consolidated financial statements.

Further inquiry note:
STRABAG SE
Diana Neumüller-Klein
Head of Corporate Communications & Investor Relations
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/2246/5/10757617/1/STRABAG_PM_Baukartell_Jul21_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: SATX, WBI, ATX
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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