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  Notification of voting rights transmitted by euro adhoc with the aim of a
  Europe-wide distribution. The issuer is responsible for the content of this
  announcement.
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Zwtl.: Overview

1. Issuer: Lenzing Aktiengesellschaft
2. Reason for the notification:
- Acquisition or disposal of voting Rights
3. Person subject to notification obligation
- Name: Bank of Montreal
- City: Montreal
- Country: Canada
4. Name of shareholder(s):
5. Date on which the threshold was crossed or reached: 12.11.2019
6. Total positions

 ______________________________________________________________________________
|               |               |  % of voting  |              |               |
|               |  % of voting  |rights through |Total of both |Total number of|
|               |rights attached|financial/other| in % (7.A +  | voting rights |
|               |to shares (7.A)| instruments   |     7.B)     |   of issuer   |
|_______________|_______________|(7.B.1_+_7.B.2)|______________|_______________|
|   Resulting   |               |               |              |               |
| situation on  |               |               |              |               |
|  the date on  |    3,99 %     |    0,03 %     |    4,03 %    |  26 550 000   |
|which threshold|               |               |              |               |
| was crossed / |               |               |              |               |
|____reached____|_______________|_______________|______________|_______________|
|  Position of  |               |               |              |               |
|   previous    |    4,00 %     |    0,03 %     |    4,03 %    |               |
| notification  |               |               |              |               |
|(if_applicable)|_______________|_______________|______________|_______________|



Zwtl.: Details

7. Notified details of the resulting situation:

 ______________________________________________________________________________
|A:_Voting_rights_attached_to_shares___________________________________________|
|             |____Number_of_voting_rights____|_______%_of_voting_rights_______|
|             |    Direct     |   Indirect    |    Direct     |    Indirect    |
|  ISIN Code  |(Sec 130 BörseG|(Sec 133 BörseG|(Sec 130 BörseG|(Sec 133 BörseG |
|_____________|_____2018)_____|_____2018)_____|_____2018)_____|_____2018)______|
|AT0000644505_|_______________|______1_061_422|_______________|__________3,99_%|
|_SUBTOTAL_A__|___________1_061_422___________|_____________3,99_%_____________|


 ______________________________________________________________________________
|B 1: Financial / Other Instruments pursuant to Sec. 131 para. 1 No. 1 BörseG  |
|2018__________________________________________________________________________|
|             |               |               |   Number of   |                |
|             |               |               |    voting     |                |
|             |               |               |rights that may|                |
|   Type of   |               |               |      be       |  % of voting   |
| instrument  |Expiration Date|Exercise Period|acquired if the|     rights     |
|             |               |               |               |                |
|             |               |               | instrument is |                |
|_____________|_______________|_______________|___exercised___|________________|
|Stock_on_loan|N/A____________|N/A____________|__________7_500|__________0,03_%|
|_____________|_______________|_SUBTOTAL_B.1__|__________7_500|__________0,03_%|


 _____________________________________________________________________________
|B 2: Financial / Other Instruments pursuant to Sec. 131 para. 1 No. 2 BörseG |
|2018_________________________________________________________________________|
|  Type of  | Expiration | Exercise  | Physical /  | Number of   |% of voting |
|instrument |    Date    |  Period   |    Cash     |voting rights|   rights   |
|___________|____________|___________|_Settlement__|_____________|____________|
|___________|____________|___________|_____________|_____________|____________|
|___________|____________|___________|SUBTOTAL_B.2_|_____________|____________|


8. Information in relation to the person subject to the notification obligation:
Full chain of controlled undertakings through which the voting rights and/or the
financial/other instruments are effectively held starting with the ultimate
controlling natural person or legal entity:

 _____________________________________________________________________________
|          |            |           |             | Financial/  |             |
|          |            | Directly  | Shares held |    other    |Total of both|
|   No.    |    Name    |controlled |directly (%) | instruments |     (%)     |
|          |            |  by No.   |             |held directly|             |
|__________|____________|___________|_____________|_____(%)_____|_____________|
|    1     |Bank of     |           |             |             |             |
|__________|Montreal____|___________|_____________|_____________|_____________|
|          |BMO Global  |           |             |             |             |
|          |Asset       |           |             |             |             |
|    2     |Management  |     1     |             |             |             |
|          |(Europe)    |           |             |             |             |
|__________|Limited_____|___________|_____________|_____________|_____________|
|          |BMO Asset   |           |             |             |             |
|    3     |Management  |     2     |             |             |             |
|          |(Holdings)  |           |             |             |             |
|__________|plc_________|___________|_____________|_____________|_____________|
|          |BMO AM Group|           |             |             |             |
|    4     |(Holdings)  |     3     |             |             |             |
|__________|Limited_____|___________|_____________|_____________|_____________|
|          |BMO AM Group|           |             |             |             |
|    5     |(Management)|     4     |             |             |             |
|__________|Limited_____|___________|_____________|_____________|_____________|
|          |BMO AM      |           |             |             |             |
|    6     |Holdings    |     5     |             |             |             |
|__________|Limited_____|___________|_____________|_____________|_____________|
|          |BMO Asset   |           |             |             |             |
|    7     |Management  |     6     |             |             |             |
|__________|Limited_____|___________|_____________|_____________|_____________|
|          |BMO         |           |             |             |             |
|    8     |Investment  |     3     |             |             |             |
|          |Business    |           |             |             |             |
|__________|Limited_____|___________|_____________|_____________|_____________|
|          |Bank of     |           |             |             |             |
|    9     |Montreal,   |     1     |             |             |             |
|          |Singapore   |           |             |             |             |
|__________|Branch______|___________|_____________|_____________|_____________|
|__________|____________|___________|_____________|_____________|_____________|


9. In case of proxy voting
- Date of general meeting:
- Voting rights after general meeting: is equivalent to voting rights
10. Other comments: Receipt of participation notification on 13.11.2019









Further inquiry note:
Filip Miermans
Vice President Corporate Communications & Investor Relations
Lenzing AG
Tel: +43 7672 701 2743
E-Mail:  f.miermans@lenzing.com

end of announcement                         euro adhoc
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issuer:       Lenzing AG
                
              A-4860 Lenzing
phone:        +43 7672-701-0
FAX:          +43 7672-96301
mail:          office@lenzing.com
WWW:          http://www.lenzing.com
ISIN:         AT0000644505
indexes:      WBI, ATX
stockmarkets: Wien
language:     English

Original content of: Lenzing AG, transmitted by news aktuell