EANS-General Meeting

voestalpine AG / Resolutions of the General Meeting

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03.07.2019

voestalpine's Annual General Meeting resolves dividend of EUR 1.10; change of
CEO completed

Pursuant to the proposal of both the Management Board and the Supervisory Board,
the 27th Annual General Meeting (AGM) of voestalpine AG today resolved a
dividend of EUR 1.10 per share for the business year 2018/19. This year's AGM
also saw Herbert Eibensteiner take over as Chairman of the Management Board from
Wolfgang Eder who, in turn, was elected to the Supervisory Board, the Group's
highest corporate body, along with four other new members as part of the
reconstitution of the Supervisory Board.

voestalpine AG posted record revenue for the business year 2018/19, but its
earnings performance fell considerably short of the previous year's results due
to both external and internal negative factors. The current dividend represents
a decline of 21.4% compared with the dividend of EUR 1.40 for the previous
business year; it should be noted, however, that the business year 2017/18 was
the Group's most successful in its history. The dividend of EUR 1.10, which will
be disbursed starting on July 15, 2019 (ex-dividend date: July 11, 2019),
corresponds to the dividend paid for the-good-business year 2016/17. Based on
the average price (EUR 35.59) of the voestalpine share in the business year
2018/19, the dividend to be distributed for this period represents a yield of
3.1%. The distribution ratio is 48.1%. Since its IPO in 1995, voestalpine AG has
never posted a loss in any of its business years and has paid a dividend to its
shareholders every year: including this year's dividend payment, a total of EUR
3 billion have thus been distributed.

Wolfgang Eder hands chairmanship of the Management Board to Herbert Eibensteiner

As of the close of today's Annual General Meeting, Herbert Eibensteiner took
over as the Chairman of the Management Board of voestalpine AG from Wolfgang
Eder, who served in this position for more than 15 years. Herbert Eibensteiner
is an internationally experienced manager, who started his career at voestalpine
as a plant engineer in 1989 after completing his degree in mechanical
engineering/business management. He held numerous executive positions in the
company before being appointed to the Management Board and simultaneously the
Head of the Metal Forming Division in 2012. Eibensteiner's switch to the Steel