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ots Ad hoc-Service: BWT AG <AT0000737705> BWT share split 10:1

Mondsee (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
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
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