Bilfinger SE

Transaction in Own Shares • Feb 19, 2008

News Details

Ad-hoc | 19 February 2008 07:33

Bilfinger Berger decides on share buyback

Bilfinger Berger AG / Share Buyback

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Bilfinger Berger decides on share buyback

The Executive Board of Bilfinger Berger AG today resolved, with the
approval of the Supervisory Board and based on the authorization granted by
the Annual General Meeting of May 23, 2007, to buy back shares in the
Company up to a total consideration of €100 million. Under the terms of the
authorization granted by the Annual General Meeting, the buyback is further
limited to a maximum of 10% of the Company’s share capital, which is
currently a number of 3,719,610 shares. The buyback will take place solely
through the stock exchange. In the view of the Company, due to the current
stock-market environment, the current price of Bilfinger Berger shares does
not adequately reflect the value of the Group.

It is not intended at present to cancel the shares that are to be bought
back. Instead, Bilfinger Berger AG maintains the financial resources for
acquisitions and to secure its growth strategy. In addition, Bilfinger
Berger AG reserves the right of using the bought-back shares for other
purposes which are in compliance with the provisions of the authorization
granted by the Annual General Meeting.

The buyback is to be executed in analogy to the provisions of Commission
Regulation (EC) No. 2273/2003 of December 22, 2003 (safe-harbor
provisions). Bilfinger Berger AG will commission a bank to execute the
buyback independently and without influence from the Company. The starting
date and other details of the share buyback will be announced separately
before the buyback begins. The Company will regularly provide information
on the progress of the buyback on its Internet website at www.bilfinger.de.
19.02.2008 Financial News transmitted by DGAP

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Language: English
Issuer: Bilfinger Berger AG
Carl-Reiß-Platz 1-5
68165 Mannheim
Deutschland
Phone: +49 (0)621 459-0
Fax: +49 (0)621 459-22 21
E-mail: bettina.schneider@bilfinger.de
Internet: www.bilfinger.de
ISIN: DE0005909006
WKN: 590900
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Hannover, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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