=------------------------------------------------------------------------------- 
  Other capital market information transmitted by euro adhoc with the aim of a 
  Europe-wide distribution. The issuer is responsible for the content of this 
  announcement. 
=------------------------------------------------------------------------------- 
 
ANDRITZ: Publication of a resolution by the Annual General Meeting 
 
Graz, March 24, 2021. ANDRITZ AG, Stattegger Strasse 18, 8045 Graz (hereinafter 
referred to as "the company") hereby announces, pursuant to § 119 (9) BörseG 
(Austrian Stock Exchange Act) and to § 2 (1) and § 3 (1) 
Veröffentlichungsverordnung 2002 (Austrian Publication Ordinance 2002), that the 
114th Annual General Meeting of the company on March 24, 2021 passed the 
following resolutions: 
 
 
  1. Pursuant to § 65 (1) line 8 AktG, the Executive Board is authorized to 
     purchase treasury shares up to the maximum amount permitted by law for a 
     period of 30 months as from April 1, 2021, and to cancel these company 
     shares where appropriate with the approval of the Supervisory Board without 
     having to consult the Annual General Meeting again beforehand. Trading of 
     treasury shares for profit is expressly excluded. The authorization can be 
     exercised for the full or a partial amount, or also in several installments 
     and in pursuit of one or several goals on the part of the company, its 
     affiliated companies or on the part of third parties on their behalf. 
 
  2. The value per no-par value share must not fall below the proportional 
     amount in each case of the company's share capital per share. The maximum 
     amount to be paid to buy back a no-par value share must not be more than 
     10% higher than the average unweighted closing price on the Vienna Stock 
     Exchange during the ten trading days preceding the exercise of this 
     authorization. 
 
  3. Both this resolution and the buyback program on which it is based and any 
     re-sale program and their respective durations must be published 
 
  4. The Executive Board is authorized for a period of five years after the 
     resolution is passed and with the approval of the Supervisory Board to 
     dispose or make use of the treasury shares purchased for any legally 
     permissible purpose in another way than through the stock exchange or a 
     public offering and also to exclude the preemptive rights of shareholders 
     to purchase a certain quota thereof (exclusion of subscription rights). The 
     authorization can be exercised in full or in part or in several partial 
     amounts for one or several purposes. 
 
 
Pursuant to § 119 (10) BörseG, this announcement takes the place of the 
publication pursuant to § 65 (1a), sentence 2, AktG. 
 
The Executive Board of ANDRITZ AG 
 
 
 
Further inquiry note: 
Dr. Michael Buchbauer 
Head of Group Finance 
Tel.: +43 316 6902 2979 
Fax: +43 316 6902 465 
mailto:michael.buchbauer@andritz.com 
 
end of announcement                         euro adhoc 
=-------------------------------------------------------------------------------

(END) Dow Jones Newswires

March 24, 2021 13:43 ET (17:43 GMT)