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Andritz Share

Successful Secondary Public Offering

The public offer of shares of Andritz AG to retail investors in Austria and the private placement with institutional investors (in pursuance of Regulation S) was concluded successfully in June 2003.  The total amount of shares, comprising shares from the financial investors (Unternehmens Invest AG, The Carlyle Group, Deutsche Beteiligungs AG, GE Capital), was 6,089,379 shares, including full exercise of the entire over-allotment option of 424,841 shares.  The offer price was 22.75 Euros per share and the offer was substantially oversubscribed.  The shares offered were successfully placed with renowned international institutional investors as well as retail investors in Austria.

Due to this transaction, the free float of Andritz shares increased from approx. 16% to approx. 62%.  Weighting in the ATX index went up from approx. 0.7% before the SPO to 2.3% as of 31.12.2003.

Share Price Development

The price of the Andritz shares developed very favorably in 2003.  With a year-on-year increase of 65.0%, it considerably outperformed the ATX, which rose 34.5% in 2003.  The highest closing price during 2003 was 37.95 Euros (30.12.2003), the lowest 21.00 Euros (4.2. and 21.1.2003).

Trading Volume

The average daily trading volume in 2003 was 45,410 shares, more than three times the volume in 2002 (13,255 shares).  Especially during the second Half of 2003, the average daily trading volume increased to 61,717 shares, compared to 12,827 for the second Half of 2002, as a result of the substantial increase of free float.

The highest trading volume was recorded on 7.11.2003 (485,088 shares), the lowest on 11.3.2003 (116 shares).

Key Figures for Andritz Shares

  2003 2002 2001*)
Highest closing price (EUR) 37.95 28.00 23.50
Lowest closing price (EUR) 21.00 19.40 20.52
Closing price at year-end (EUR) 37.95 22.99 21.30
Market capitalization as of 31.12. (MEUR) 493.4 298.9 276.9
Performance +65.0% +7.9% +3.8%
ATX weighting as of 31.12. (%) 2.3250 0.6992 -
Average daily number of shares traded 45,410 13,255 19,802
keyfiguresforandritzshares-2.htm

*) The first listing day of Andritz was on 25.6.2001. Inclusion in the ATX was    
from 1.1.2002.

Source: Vienna Stock Exchange

Financial Calendar 2004

27.02.2004     Results for 2003
30.03.2004     Annual General Meeting
02.04.2004      Ex-Dividend
08.04.2004     Dividend payment
10.05.2004     First Quarter of 2004
06.08.2004      First Half of 2004
08.11.2004     First three Quarters of 2004

Shareholder Structure of Andritz
(as of 31.12.2003, data rounded)

Investor Relations Activities

Andritz Investor Relations activities were further intensified in 2003.  On the occasion of the publication of the results for 2002 and the quarterly reports for 2003, roadshows were held in Austria and in other countries, and one-on-one meetings with large institutional investors were organized.  

Andritz also presented itself at various investment bank conferences, e.g. at JPMorgan’s capital goods conference in Zurich, Switzerland, at Bank Austria’s investors conference in Kitzbühel, Austria, as well as at ERSTE Bank’s conference in Bad Tatzmannsdorf, Austria.  These presentations were attended by several renowned institutional investors and met with good response.  Andritz also presented itself for the first time at the "GEWINN-Messe", one of the largest European fairs for financial and capital investments, which was held in Vienna from October 16 to 19, 2003.  In cooperation with the Vienna Stock Exchange Andritz took part in the Austrian Investors Conference in New York.

Due to its ongoing efforts in Investor Relations, Andritz once again received a stock exchange prize for its performance in the area of Investor Relations.  Andritz came in third in the most important category, the "Austrian Financial Analysts’ Stock Exchange Award.”  This award is conferred annually by the Austrian Association for Financial Analysis and Asset Management (ÖVFA) and the Austrian business magazine GEWINN.  Assessment criteria include transparency of information policy, reliability of financial guidance and competence of Investor Relations officers.  In 2002, Andritz received an award in the same category, and also for "Investor Relations Online.”

Research Coverage

The following banks and investment companies publish company reports on Andritz on a regular basis:  Bank Austria/Creditanstalt, Berenberg Bank, Deutsche Bank, Erste Bank, JPMorgan, and Raiffeisen Centrobank (RCB).

Key Figures for Andritz Shares

ISIN Code AT0000730007
First Listing Day June 25, 2001
Types of Shares no-par value shares
bearer shares
Number of Shares 13 million
Free Float approx. 62%
Stock Exchange Vienna (Prime Market)
Ticker Symbols Reuters: ANDR.VI
Bloomberg: ANDR, AV
Stock Exchange Indices ATX, ATXPrime, WBI
andritzshares.htm

Contact
Andritz Investor Relations
Michael Buchbauer
Stattegger Strasse 18, 8045 Graz, Austria
Phone: +43 316 6902 2979
Fax: +43 316 6902 465
Internet: www.andritz.com
E-Mail: welcome@andritz.com


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