13.07.2005 – 13:20

VA Technologie AG

euro adhoc: VA Technologie AG
other
EU Commission approves acquisition of VA TECH Takeover strengthens Siemens global market position in growth fields

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13.07.2005

The EU Commission has approved Siemens’ bid to take over Austria’s VA
Technologie AG (VA TECH). The decision was announced in Brussels
today. This marks the conclusion of the antitrust review of the
takeover offer made by Siemens AG Österreich in December 2004. When
the deal is closed in a few days, Siemens will hold 97.15 percent of
the VA TECH stock. The purchase price is approximately 1 billion
euros. For competitive reasons, the European antitrust regulators did
not approve a merger of the VA TECH hydropower activities with
Siemens. As a result, Siemens will immediately initiate the sale of
the VA TECH power generation unit.

Following the closing, it is intended to initiate a squeeze-out
procedure in order to buy out the remaining owners of VA TECH shares
in scattered holdings and to undertake a delisting of VA TECH.

end of announcement                               euro adhoc 13.07.2005 12:38:41

Further inquiry note:

Wolfgang Schwaiger Harald Hagenauer
Communications and Investor Relations

phone: 43 732 6986-9222
fax: 43 732 6980-3416
wolfgang.schwaiger@vatech.at
harald.hagenauer@vatech.at

Branche: Technology
ISIN: AT0000937453
WKN: 093745
Börsen: Berliner Wertpapierbörse
Bayerische Börse
Wiener Börse AG