11.10.2006 – 07:48

voestalpine AG

euro adhoc: voestalpine AG
Buybacks
voestalpine Share repurchase

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

11.10.2006

On the basis of the authorization granted by the General Meeting of
Shareholders on July 5, 2006, the Management Board of voestalpine AG
resolved on October 10, 2006 to acquire up to a maximum of 10% of the
Company’s own shares until such time as that authorization expires.

The current strong performance of the Company and the capacity of
voestalpine AG for achieving sustained, high levels of cash flow,
permit the Company to carry out this share repurchase. The purpose of
the repurchase of the Company's own shares is to facilitate servicing
the employee participation and stock option programs of the
voestalpine Group as well as to facilitate servicing of the
convertible bonds issued by voestalpine AG on July 15, 2005.
voestalpine AG does, however, also reserve the right to utilize the
repurchased shares for other purposes, for example for supporting the
Group’s growth strategy, or, where appropriate, to retire the shares.

voestalpine AG furthermore also reserves the option of conducting a
repurchase of a portion of the convertible bonds in addition to its
repurchase of voestalpine shares.

For details of the repurchase program, see the web site of
voestalpine AG. All of the transactions are also published weekly
after they are carried out, on the web site of voestalpine AG.

end of announcement                               euro adhoc 11.10.2006 07:00:00

Further inquiry note:

DI Peter Fleischer
Head of Investor Relations
Tel.: +43 732 6585-9949
Fax: +43 732 6980-5581
mailto:peter.fleischer@voestalpine.com
http://www.voestalpine.com

Branche: Metal Goods & Engineering
ISIN: AT0000937503
WKN: 897200
Index: ATX, ATX Prime, WBI
Börsen: Wiener Börse AG / official market