BWT AG

ots Ad hoc-Service: BWT AG BWT share split 10:1

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Mondsee (ots Ad hoc-Service) - BWT approves Share split 10:1 - Dividend increase - Buyback of own shares Share split ratio of 10:1 At BWT's 10th Annual General Meeting on 25 May 2000, the Executive Board's proposal to split the shares at a ratio of 10:1 (the previous number of shares, 1,650,000, will be replaced with 16,500,000 shares) was accepted. In this way, BWT has responded to a wish expressed by many investors for some time. As a result of the split, liquidity will be improved and therefore the shares will become more easily tradeable. This will result in increased interest in the shares to new shareholders, in particular private investors and international institutional shareholders. From a technical point of view, the split will be carried out by means of an increase in the share capital from reserves of currently EUR 11,991,017.63 by EUR 4,508,982.37 to EUR 16,500,000 utilising a conversion from the capital reserve. Equity will consist of a total of EUR 16,500,000 with a nominal value of EUR 1. The share split will not cause any changes to the rights of shareholders or the percentage equity shareholdings. The adjustments at the stock exchange and to portfolios will be carried out at BWT's expense and completed during the next few weeks. Dividend increase to EUR 2.11 per share The Annual General Meeting also agreed to the Executive Board's planned proposal to increase the dividend from EUR 2.03 to EUR 2.11 per share (amounts before the split). In total there will be a distribution of EUR 3,481,500 to shareholders on 5 June 2000. The ex- dividend date is the 31st of May 2000. Management Board's Authorisation for the purchase own shares The Annual General Meeting has given its authorisation on principle for the purchase of own shares according to the Share Repurchase Law and the Stock Exchange Law. With reference to these, the Executive Board has authorisation within 18 months for the repurchase of up to 10% of the shares outstanding at a price of at least EUR 300.00 and of no more than EUR 600.00 (EUR 30 and EUR 60 after the split, respectively). Details of the applicable repurchase programmes and their duration are to be published in good time and in detail. For further information, please contact: BWT Aktiengesellschaft Walter-Simmer-Straße 4, A-5310 Mondsee Telephone +43 6232 5011 1110, Telefax +43 6232 5011 1191 Email: office@bwt.at End of message ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: BWT AG, übermittelt durch news aktuell

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