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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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ANDRITZ AG was informed about the following major holdings notification on 
December 22, 2020: 
 
Person subject to notification obligation: Wolfgang Leitner 
Name of shareholder: Custos Vermögensverwaltungs GmbH, Cerberus 
Vermögensverwaltungs GmbH, Certus Beteiligungs-GmbH 
 
 
Total position of the person subject to notification obligation as of December 
22, 2020 
 ______________________________________________________________________________ 
|               |               |  % 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  |    31.50 %    |    2.14 %     |   33.63 %    |  104,000,000  | 
|which threshold|               |               |              |               | 
| was crossed / |               |               |              |               | 
|____reached____|_______________|_______________|______________|_______________| 
|  Position of  |               |               |              |               | 
|   previous    |    31.50 %    |               |   31.50 %    |               | 
| notification  |               |               |              |               | 
|(if_applicable)|_______________|_______________|______________|_______________| 
 
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)______| 
|AT0000730007_|__________6,000|_____32,749,544|_________0.01_%|_________31.49_%| 
|_SUBTOTAL_A__|__________32,755,544___________|____________31.50_%_____________| 
 
 ______________________________________________________________________________ 
|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____|______________| 
|_____________|_______________|_SUBTOTAL_B.1__|_________________|______________| 
 
 ______________________________________________________________________________ 
|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__|_____________|_____________| 
|Call-Option |            |Any time  |             |             |             | 
|mit         |n.a.        |until     |    Cash     |    2,222,658|       2.14 %| 
|Barausgleich|____________|4.10.2021_|_____________|_____________|_____________| 
|____________|____________|__________|SUBTOTAL_B.2_|____2,222,658|_______2.14_%| 
 
 
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  |   other   |          | 
| No.  |         Name          |controlled|   held   |instruments| Total of | 
|      |                       |  by No.  |directly  |   held    | both (%) | 
|      |                       |          |   (%)    | directly  |          | 
|______|_______________________|__________|__________|____(%)____|__________| 
|__1___|Wolfgang_Leitner_______|__________|____0.01_%|___________|____0.01_%| 
|      |Cerberus               |          |          |           |          | 
|  2   |Vermögensverwaltungs   |    1     |    0.77 %|           |    0.77 %| 
|______|GmbH___________________|__________|__________|___________|__________| 
|__3___|Custos_Privatstiftung__|____1_____|__________|___________|__________| 
|      |Custos                 |          |          |           |          | 
|  4   |Vermögensverwaltungs   |    3     |   25.00 %|     2.14 %|   27.14 %| 
|______|GmbH___________________|__________|__________|___________|__________| 
|      |Salapo                 |          |          |           |          | 
|  5   |Beteiligungsverwaltungs|    3     |          |           |          | 
|______|GmbH___________________|__________|__________|___________|__________| 
|  6   |Certus Beteiligungs-   |    5     |    5.72 %|           |    5.72 %| 
|______|GmbH___________________|__________|__________|___________|__________| 
 
Other comments: 
Manile Privatstiftung transferred 100 per cent of its shares in Salapo 
Beteiligungsverwaltungs Gmbh, through which it indirectly holds 5.72% of the 
shares in ANDRITZ AG via its 100% interest in Certus Beteiligungs-GmbH, to 
Custos Privatstiftung on December 22, 2020. Thus, Manile Privatstiftung has 
surrendered its indirect shareholding in ANDRITZ AG. Up to now, Certus 
Beteiligungs-GmbH's shareholding in ANDRITZ AG was assigned to Custos 
Privatstiftung and Dr. Wolfgang Leitner via the participation right issued by 
Salapo Beteiligungsverwaltungs GmbH, hence there is no change in the 
shareholding attributed to Custos Privatstiftung and Dr. Wolfgang Leitner. Due 
to the change of the company, the name of the former "SASR 58 GmbH" is now 
"Custos Vermögensverwaltungs GmbH". 
 
 
 
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 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

December 22, 2020 14:42 ET (19:42 GMT)