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[April 2005]
Wienerberger Announces Share Buyback
A resolution passed by the 135th AGM of Wienerberger AG (Vienna, Austria) authorised the Managing Board to repurchase up to 10% of the issued share capital of Wienerberger AG during a period of 18 months beginning 11 May 2005.
On 21 March 2005, the Managing Board decided to make use of this authorisation and to subsequently repurchase shares for use in the stock option plans. Wienerberger plans to buy back up to 600,000 shares of its common stock, which represents up to 0.81% of the current issued share capital totalling 74,167,796 shares, during the period from 24 March 2005 and 23 June 2005 at the current market price over the Vienna Stock Exchange.
The maximum price may be up to 20% higher than the average price during the last ten trading days (said the company on 21 March), but may not exceed the limit authorised by the 135th AGM. The minimum price equals 10 per share. This treasury stock will be used primarily to serve a stock option model for key managers, in accordance with a resolution passed by the 135th AGM.
Any changes to, and transactions conducted as part of, this share buyback programme will be disclosed on the Wienerberger AG website (www.wienerberger.com) in accordance with the relevant part of the Austrian disclosure regulations.
ENDS