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18.10.2007 – 16:40

STRABAG SE

euro adhoc: STRABAG SE
Financing, Stock Offerings (IPO)
Austria´s largest IPO to date closed successfully STRABAG SE IPO: OFFERING PRICE FIXED AT EUR 47 OFFERING VOLUME OF APPROX. EUR 1.325 BN SUBSCRIBED

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
18.10.2007
Press Release    18 October 2007
Investor News
Austria's largest IPO to date closed successfully
strabag SE ipo: offering price fixed at eur 47
offering volume of approx. eur 1.325 BN subscribed
  • 28,200,001 shares (including Green Shoe option of 3,000,000 shares) allotted
  • Offering volume of approx. EUR 1.325 bn tenfold subscribed + Demand of around 100,000 private shareholders mean new record in retail + First day of trading 19 October 2007
Vienna, 18 October 2007 - Immediately following the close  of  the  
subscription period for institutional  investors,  the  offering  
price  for  the  shares  of STRABAG SE being tendered under the IPO 
was fixed at EUR 47 per  share.  At  the beginning of the issue, the 
price  range  had  been  fixed  between  EUR 42  and EUR 48.  The  
strong  demand  in  Austria  as  well   as   among   international 
institutional investors led to an approx. tenfold subscription of  
the  offering volume of 28,200,001 shares. 19,000,000 shares came 
from a capital increase  and 9,200,001 shares from the holdings  of  
the  previous  shareholders.  Given  the offering  price,  the   
market   capitalisation   of   STRABAG SE   amounts   to EUR 5.358 
bn. The IPO proceeds for the company amount to EUR 893m.
For the first time demand from over 100,000 private investors during 
an  IPO  in Austria Demand for the shares was particularly high among
private shareholders. In  all, around one hundred thousand Austrians 
subscribed for  the  STRABAG SE  shares  - representing the greatest 
number of shareholders ever achieved during an IPO  in Austria. A 
total of more than 26 per cent of the issue was placed  with  private
Austrian investors,  additional  15  per  cent  was  placed  with  
institutional Austrian. The largest portion of  the  share  placement
was  distributed  among international institutional investors with a 
focus  on  Europe.  For  the  first time during the initial public 
offering of  an  Austrian  company,  shares  were also specifically  
marketed  towards  institutional  investors  in  Russia.  The 
preferential allotment will be 70 shares.
STRABAG-CEO Hans Peter Haselsteiner: "With EUR 47 we want to set a 
signal for  a future stable and fair relationship with our new 
shareholders. We did  not  make use of the whole price range 
intentionally."
The shares of STRABAG SE will trade on 19  October  2007  in  the  
Prime  Market Segment of the Vienna Stock Exchange under the symbol 
"STR". STRABAG  SE  shares will be included in the ATX as of 22 
October 2007. Delivery  of  the  shares  is expected to take place on
or around 23  October  2007  against  payment  of  the final offer 
price.
Joint bookrunners in the  largest  IPO  in  the  history  of  the  
Vienna  Stock Exchange were Deutsche Bank AG,  Raiffeisen  Centrobank
AG  and  Goldman  Sachs International. Joint lead managers were 
Deutsche Bank AG, Raiffeisen  Centrobank AG, Goldman Sachs 
International and Erste Bank der oesterreichischen  Sparkassen AG. 
Joint lead managers in the retail segment  were  Raiffeisen  
Centrobank  and Erste Bank. Co-managers were Dresdner  Bank  AG,  
Landesbank  Baden-Württemberg, Raiffeisenlandesbank     
Niederösterreich-Wien     AG,      Raiffeisenlandesbank 
Oberösterreich Aktiengesellschaft and Raiffeisen-Landesbank 
Steiermark AG.
This press release does not represent an offer to sell nor is it a  
solicitation or an invitation to buy securities of STRABAG SE.  
Rather,  it  is  intended  to serve informational purposes only. In 
connection with  the  public  offering  of securities of STRABAG SE 
in Austria, the only information which  is  binding  is the 
information contained within the published  securities  prospectus  
approved by the Austrian Financial Market Authority. The prospectus 
can be obtained  free of  charge  from  STRABAG SE,  
Donau-City-Straße  9,  1220  Vienna,   Raiffeisen Centrobank AG,  
Tegetthoffstraße  1,  1015  Vienna,  Deutsche  Bank  AG,  Vienna 
Office, Hohenstaufengasse 4, 1010 Vienna, or Erste  Bank  der  
oesterreichischen Sparkassen AG, Graben 21, 1010 Vienna, during the  
regular  business  hours.  No orders for subscription placed before  
8 October  2007  will  be  accepted.  The shares of STRABAG SE may be
sold or offered for sale in  the  United  States  of America only 
with previous registration or, absent previous  registration,  only 
with an exemption from the registration requirement in accordance 
with the  U.S. Securities Act of 1933 in its currently valid form. It
is not planned to make  a public share offer in the United States.
Contact
STRABAG SE
Dr. Christian Ebner
Corporate Spokesman
Tel:   +43-1-22422-1121
christian.ebner@strabag.com
end of announcement                               euro adhoc 18.10.2007 16:04:42

Further inquiry note:

STRABAG SE
Dr. Christian Ebner
Corporate Spokesman
Tel: +43-1-22422-1121
christian.ebner@strabag.com

Branche: Construction & Property
ISIN: AT000000STR1
WKN:
Index: Prime.market
Börsen: Wiener Börse AG / Regulated free trade

Original content of: STRABAG SE, transmitted by news aktuell