30.06.2008 – 08:01

Andritz AG

Successful closing of acquisitions

Graz (euro adhoc) -

Andritz and GE Energy have successfully closed the transactions 
announced in May and June 2008, pursuant to which Andritz has 
acquired certain assets of GE Energy’s Hydro business as well GE 
Energy’s majority interest in GE Hydro Inepar do Brasil S.A., to be 
renamed Andritz Hydro Inepar do Brasil S.A.

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.

merger, acquisition and takeover

Graz, 30 June 2008. Andritz and GE Energy have
successfully closed the transactions announced in May and June 2008, 
pursuant to which Andritz has acquired certain assets of GE Energy´s 
Hydro business as well GE Energy´s majority interest in GE Hydro 
Inepar do Brasil S.A., to be renamed Andritz Hydro Inepar do Brasil 
S.A.

The acquired businesses are expected to add approximately 300 million
US dollars (approximately 200 million Euros) to Andritz´s Group sales
on an annual basis and will be included in the consolidated financial
statements of the Andritz Group from 1 July 2008.

These acquisitions further strengthen and expand Andritz´s position 
as one of the world´s leading suppliers of hydropower equipment, and 
strengthen Andritz´s abilities to serve customers in Brazil, China, 
North America and Scandinavia.

"Given the fast growing demand for renewable energies, the demand for
hydropower, which is by far the most important source for electricity
production from renewable energy sources, is expected to show very 
strong growth during the next years. With these acquisitions, Andritz
is now in a position to supply its customers with the full product 
range of hydropower equipment worldwide," says Friedrich Papst, 
member of the Executive Board of Andritz and Head of Andritz´s Hydro 
Power business area.

- End -

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 12,300 
employees worldwide. It manufactures and sells its products and 
services globally.

end of announcement                               euro adhoc

Further inquiry note:

Dr. Michael Buchbauer
Head of Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing