Press release

euro adhoc: Andritz AG / other / Andritz buys remaining 40% stake in Küsters

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

27.06.2006

Graz, 27 June 2006.  Technology Group Andritz purchased the remaining
40% stake in the Paper and Nonwoven Business Areas of Eduard Küsters
Maschinenfabrik GmbH & Co. KG from Jagenberg AG.  An agreement on
this acquisition was signed.  The parties have agreed not to disclose
the purchase price.

Küsters, headquartered in Krefeld, Germany is one of the world’s
leading suppliers of roll and calender technologies for the paper,
nonwoven and textile industries.  With a staff of approximately 500
employees, the company achieves annual Sales of approximately 70
MEUR.

In November 2005, Andritz had purchased a 60% stake in Küsters’ Paper
and Nonwoven Business Areas, also agreeing on periodic options for
the purchase of the remaining 40% stake.  Andritz was offered the
opportunity to purchase this stake at an earlier date than scheduled.

About the Andritz Group Publicly listed Andritz Group is a global
market leader for advanced production systems for pulp and paper,
steel and other specialized industries.  Andritz has about 9,000
employees worldwide.  It develops and makes its high-tech systems at
35 production sites in Austria, Germany, Finland, Denmark, France,
Netherlands, USA, Canada, and China.

end of announcement                               euro adhoc 27.06.2006 13:00:00

Further inquiry note:

Dr. Michael Buchbauer
Head of Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing

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https://www.presseportal.de/en/pm/54966/841032