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

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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Antitrust Issues
14.07.2021

Vienna - STRABAG SE announces the following: 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. 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 settlement is being made against the background of an investigation that was
opened in spring 2017 against STRABAG AG and F. Lang u. K. Menhofer
Baugesellschaft m.b.H. & Co. KG, along with numerous other construction
companies, regarding allegations of anti-competitive agreements for construction
projects in Austria in the period from 2002 to 2017. Both group companies have
been cooperating fully with the Federal Competition Authority from the outset
and ultimately issued an acknowledgement as part of a settlement. Their
cooperation had a corresponding positive effect on the amount of the fine.

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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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, ATX, 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 | EAE

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