AT&S Austria Technologie & Systemtechnik AG

AGM Information • Jul 4, 2007

News Details

Ad-hoc | 4 July 2007 11:20

AT&S General Assembly authorizes share repurchase program

AT & S Austria Technologia & Systemtechnik AG / AGM/EGM/Share Buyback

Release of an Ad hoc announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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The 13th General Assembly of AT&S Austria Technologie & Systemtechnik
Aktiengesellschaft (AT&S), held on 3 July 2007, decided to revoke the
authority granted to the Executive Board by resolution of the twelfth
ordinary shareholders' meeting of 4 July 2006 under item 9 of the agenda
for a term of 18 months - to the extent the authority has not been
exercised so far - to repurchase and to use treasury stock

At the same time the Executive Board has been authorised to, according to
Section 65 para 1 item 8 AktG, acquire treasury stock of the company of up
to 10% of the company's registered capital within 18 months of the
resolution. The purchase price must not be less than EUR 1.1 per no-par
value share to be acquired and not more than EUR 110.

Furthermore, on the same day, the Executive Board has been authorised to
cancel the treasury stock acquired with no further resolution of the
shareholders' meeting or to use the same for implementation of the employee
participation and/or stock option plan of the company.

The Supervisory Board has been authorised to resolve on amendments to the
Articles of Association which result from the retirement of shares.

In its meeting of the same date, the Executive Board has decided to make
use of this authorisation and continue with the share buyback. Hence, AT&S
can buy back shares to an extent of up to 10% of the company’s registered
capital within 18 months of the resolution. As of 30. June 2007 AT&S holds
2.519.991 treasury stock, i.e. 9,73% of the company’s registered capital.

The share repurchase will be carried out through Xetra in accordance with
Implementing Regulation (EC) 2273/2003.

Regular updates on the progress of the share repurchase scheme are posted
on the AT&S homepage www.ats.net (see under Investors).

Furthermore, the 13th General Assembly of AT&S authorised the Executive
Board pursuant to Section 65 (sixty-five) para 1 (one) b Austrian
Joint-Stock Companies Act [AktG] for a term of five years as of the
resolution, i.e. until 3 July 2012 (third of July two thousand and twelve)
inclusive, with the consent of the Supervisory Board and without further
resolution of the shareholders' meeting to sell the acquired treasury stock
of the company, including in a way other than through the stock exchange or
a public offering, in particular as consideration for acquisition of
enterprises, operations, divisions or other assets or of interests in
enterprises, operations and divisions and in this connection to exclude, to
the extent necessary, the pre-emptive right of the shareholders as defined
in Section 65 para 1b in conjunction with Sections 169 to 171 AktG. Such
authorisation may be exercised in whole or in parts.

Furthermore the General Assembly decided a dividend of EUR 0.31 per share.
Ex-Day is 5 July 2007. The dividend will be paid on July 25.

All resolutions of this 13th General Assembly were approved with 99.6% to
100% and are shown on the coroporate homepage www.ats.net (Investors).

This announcement fulfils Austrian notification requirements.

The results for the first quarter of AT&S will be published on 26 July
2007.

For more information please contact Hans Lang, IRO,
Tel. +43 (1) 68300 9259, e-mail: h.lang@ats.net,
or see www.ats.net.

DGAP 04.07.2007

Language: English
Issuer: AT & S Austria Technologia & Systemtechnik AG
Fabriksgasse 13
8700 Leoben Österreich
Phone: +43 (1) 3842200-0
Fax: +43 (1) 3842200-216
E-mail: info@ats.net
Internet: www.ats.net
ISIN: AT0000969985
WKN: 922230
Indices: TecDAX
Listed: Amtlicher Markt in Wien

End of News DGAP News-Service

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