voestalpine AG — Earnings Release 2011

Nov 17, 2011

EANS-Adhoc: voestalpine AG /voestalpine increases revenues and earnings significantly

ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.

In the first half of the business year 2011/12, voestalpine group was able to increase revenues by 15%, the operational profit (EBIT) by 28% as well as the earnings before and after tax by 40% each, compared to last year´s figures.

The first 6 months of the current business year were characterized by stable development on high level in the automotive and machine building industries as well as in the oil and gas, the railways and aircraft sectors. In contrast, the building industry remained under pressure and the consumer and household appliance industries lost momentum significantly. Against the backdrop of solid demand in the industry segments of most importance for voestalpine, the utilization rate in all 5 divisions was unchanged on high level, apart from seasonal fluctuations over summer.

A difficult economic environment is looming ahead for the second half of the current business year as the demand situation is increasingly differentiating by market segments, based on the aggravated general circumstances (public debt situation, crisis in the banking and financial sector). From today´s point of view slightly weaker earnings for the full business year 2011/12 compared to last year (FY 2010/11) have to be envisaged.

Key figures of voestalpine Group

(acc. IFRS; in EURm)* H1 2010/11 H1 2011/12 Change 01.04. - 30.09.2010 01.04. - 30.09.2011 in % Revenue 5,191.8 5,977.7 15.1 EBITDA 710.5 824.2 16.0 EBITDA margin in % 13.7 13.8 EBIT 414.2 531.4 28.3 EBIT margin in % 8.0 8.9 Profit before tax 317.4 443.3 39.7 Profit for the period** 249.7 346.1 38.6 EPS (in EUR) 1.24 1.82 46.8 Gearing ratio in % 65.8 60.9

* according to IFRS all results after Purchase Price Allocation (PPA) ** before minority interest and hybrid capital interest

Additional information as well as the full report about the half year´s results of voestalpine AG per effective day of September 30, 2011 is available on our homepage www.voestalpine.com at the category "Investors". If you have any questions please contact our Investor Relations-Team +43/50304/15-8735

Further inquiry note: DI Peter Fleischer Head of Investor Relations Tel.: +43/50304/15-9949 Fax: +43/50304/55-5581 mailto:peter.fleischer@voestalpine.com http://www.voestalpine.com

issuer: voestalpine AG voestalpine-Straße 1 A-4020 Linz phone: +43 50304/15-9949 FAX: +43 50304/55-5581 mail: IR@voestalpine.com WWW: www.voestalpine.com sector: Metal Goods & Engineering ISIN: AT0000937503 indexes: WBI, ATX Prime, ATX stockmarkets: official market: Wien language: English

Aussendung übermittelt durch euro adhoc The European Investor Relations Service