ANDRITZ AG Annual General Meeting Approves Substantial Dividend Increase

Graz, Austria, Mar 29, 2011. Today’s 104th Annual General Meeting of Shareholders of ANDRITZ AG agreed to a dividend payment of 1.70 Euros per share for the 2010 business year, which is an increase of 70% compared to the dividend for the 2009 business year (1.00 Euro per share). Ex-dividend date is March 31, 2011, the date of dividend payment April 4, 2011.

Klaus Ritter, who has been a member of the ANDRITZ AG Supervisory Board since 2004, was reappointed to the Supervisory Board of ANDRITZ AG.

All items on the agenda were approved by the shareholders present at the Meeting.