Successful placement of Andritz corporate bond

ANDRITZ AG has today successfully concluded the issue of a public corporate bond with a volume of 150 million Euros and a tenor of seven years.

At a denomination of 50,000 Euros the ANDRITZ corporate bond is endowed with an annual fixed coupon rate of 5.25%.  Admission to the Vienna Stock Exchange was applied for.  The ANDRITZ corporate bond is expected to be quoted in the Third Market on the Vienna Stock Exchange for the first time on 20 February 2008.

Raiffeisen Zentralbank Österreich AG (RZB) has acted as the lead manager supporting ANDRITZ in this placement. The corporate bond has been placed with institutional investors and banks.

Continuation of long-term growth

“The strong growth that ANDRITZ has experienced over the past few years has been founded on a solid balance structure with a good equity base and sufficiently high net liquidity.  The corporate bond which we have successfully issued today supersedes the ANDRITZ corporate bond 2002-2008 (total volume 100 MEUR) that will mature in June 2008 and forms a substantial financial basis for the future development of our company,“ explains ANDRITZ AG CEO Wolfgang Leitner.

Impressive investment story

“ANDRITZ is positioned very well and its investment story in a difficult capital market environment is most impressive,” says Patrick Butler, Member of the Board of Management of RZB responsible for Investment Banking und Treasury, about the successful placement.

The corporate bond issued by ANDRITZ was the first issue on the Corporate Bond Market in 2008.

Key data of the ANDRITZ corporate bond

Issuer ANDRITZ AG
Volume issued Nominal value EUR 150,000,000.-
Denomination Nominal value EUR 50,000.-
Coupon 5.25% p.a., fixed rate, payable annually
Issue price 99.84
Tenor 7 years (due on maturity)
Value date 20th February 2008
Redemption 20th February 2015 at the nominal value
Lead Manager Raiffeisen Zentralbank Österreich AG
Paying office Raiffeisen Zentralbank Österreich AG
Trading Third Market on the Vienna Stock Exchange
ISIN AT0000A08RK1
For further information, please contact:

ANDRITZ AG
Dr. Michael Buchbauer
Head of Corporate Communications
Stattegger Strasse 18
A-8045 Graz
Fax +43 316 6902 465
Phone: +43 (316) 6902 2979
michael.buchbauer@andritz.com

Raiffeisen Zentralbank Österreich AG
Wilfried Peter Stöckl
Public Relations
Am Stadtpark 9
A-1030 Wien
Phone +43-1-71707-1959
Fax: +43-1-71707-761959
wilfried.stoeckl@rzb.at
www.rzb.at

The ANDRITZ GROUP

The ANDRITZ Group is a global market leader in the supply of customized plants, systems, and services for the pulp and paper industry, the hydropower industry, the steel industry, and other specialized industries (solid/liquid separation, feed, and biofuel).  Headquartered in Graz, Austria, the Group has about 12,000 employees worldwide.  It manufactures and sells its products and services globally.

2008-02-18

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