voestalpine AG — Share Issue/Capital Change 2017

Mar 6, 2017

Send Time: 06.03.2017 10:07

EANS-Adhoc: voestalpine AG / voestalpine resolves to increase registered capital by 0.8% in order to further expand employee shareholding scheme

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 solely responsible for the content of this announcement.

Restructuring & Recapitalisations/Company Information 06.03.2017

Subject to the approval of the Supervisory Board, voestalpine AG's Management Board resolved on March 6, 2017 to exercise its power to increase the Company's registered capital in accordance with § 4 (2b) of its Articles of Association by issuing 1,400,000 new bearer shares at no par value, thus increasing the registered capital by approximately 0.8%. The issue price was fixed at EUR 39.93 per share. The issue price of the shares corresponds to the closing average market price of the voestalpine share over the 5 trading days prior to the resolution of Management Board adopted on March 6, 2017.

The purpose of issuing the new shares is to further expand and safeguard voestalpine's employee shareholding scheme. The subscription rights of all other shareholders are thus being excluded, and shares may be acquired only by voestalpine Mitarbeiterbeteiligung Privatstiftung, which shall hold the shares for the employees participating in the voestalpine employee shareholding scheme.

Upon completion of the capital increase, the company's capital stock will be EUR 320,394,836.99 and consist of 176,349,163 individual shares. The capital increase is scheduled to take place until the end of March 2017.

As early as 2000, voestalpine has launched an employee shareholding scheme which has subsequently been expanded continually. Currently voestalpine Mitarbeiterbeteiligung Privatstiftung held 12.92% of voestalpine AG's capital. Additionally, voestalpine Mitarbeiterbeteiligung Privatstiftung manages approximately 1.2% of private shares of present and former employees. With the capital increase this share will rise to 13.61% (plus approximately 1.19% of private shares).

This ad-hoc notice constitutes neither an offer for sale nor an invitation to submit an offer to purchase voestalpine AG securities. As the new shares are not being offered for public subscription but rather are being offered for subscription exclusively to the voestalpine Mitarbeiterbeteiligung Privatstiftung holding the shares for the employees participating in the voestalpine shareholding scheme, and as the increase in capital stock amounts to less than 10% of all issued and listed voestalpine shares, no prospectus is required to be issued pursuant to the Austrian Capital Market Act [Kapitalmarktgesetz] or the Austrian Stock Exchange Act [Börsegesetz].

Further details as to the publication, particularly the report of voestalpine AG's Management Board concerning the exclusion of the subscription rights, is available on www.voestalpine.com under Investors or please contact the Investor Relations Team of voestalpine AG under +43/50304/15-9949 for any further details.

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