New record dividend for voestalpine shareholders

• Dividend of EUR 1.45 per share.
• Dr. Peter Hagen succeeds Dr. Franz Lauer on the Supervisory Board of voestalpine AG.

Authorization of the Management Board to increase the share capital by up to 30% and to repurchase own shares.
At the 15th Annual General Meeting of voestalpine AG on July 4, 2007, the shareholders approved the dividend proposal of the Management Board and Supervisory Board and approved a dividend of EUR 1.45 per dividend-bearing share for the business year 2006/07, which will be distributed as of July 16.

In addition, the Annual General Meeting elected Dr. Peter Hagen as a new member of the Supervisory Board of voestalpine AG. He is a member of the Management Board of Wiener Städtische Versicherung AG and succeeds Dr. Franz Lauer, who has resigned from the Supervisory Board.

At the Annual General Meeting, the Management Board was also authorized to increase the company's share capital by up to 30% by issuing new shares ("authorized capital"). This authorization extends the previous authorization of the Executive Board by a further 3 years.

The Annual General Meeting also authorized the Management Board to buy back own shares up to a maximum of 10% of the nominal capital. This buy-back authorization serves, among other things, to expand employee participation programs and to service the stock option program. In this context, the Management Board of voestalpine AG was also authorized to cancel treasury shares.