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Wienerberger AG (0GIK)

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Monday 14 September, 2009

Wienerberger AG

Ad hoc: Wienerberger launches capital increase


-          Rights issue with subscription ratio of 2:5
-          Subscription price of EUR 10.0
-          Public offering to Austrian investors and private
placement to international investors
-          Issue proceeds of at least EUR 335.8 million expected
-          Proceeds will be used to regain financial flexibility and
position Wienerberger for a potential market rebound

Vienna, September 14, 2009 - Wienerberger AG announces the launch of
a capital increase subject to the approval of the Financial
Supervisory Authority (Finanzmarktaufsicht) anticipated for today.
With the Supervisory Board's approval, the Managing Board of
Wienerberger has decided to issue up to 33,579,075 new ordinary
no-par value shares, representing 40% of the existing share capital.
ABN AMRO, Morgan Stanley and UniCredit are acting as Joint
Bookrunners and Underwriters in this transaction.

Rights issue with 2:5 subscription ratio
The existing share capital of the Company amounts to 83.9 million and
will be increased to 117.5 million through the capital increase. The
subscription ratio is 2:5, which means the rights offering to
existing shareholders will be in the ratio of 2 new shares per 5
existing shares. The subscription price has been set at EUR 10.0,
resulting in gross issue proceeds of at least EUR 335.8 million. The
offer is mainly directed to existing Wienerberger shareholders, who
can benefit from the lower, fixed subscription price by executing
their subscription rights. The underwriter banks have guaranteed the
placement or acquisition of the new shares at this price. With this
transaction structure that provides for a capital increase at a fixed
price with a discount to the market price, Wienerberger AG follows
the procedure common for rights issues in Europe in order to
accommodate the current market environment.

Subscription period: Sept. 15 to Sept. 29, first day of trading: Oct.
1, 2009
The subscription period for the new shares will start on September
15, 2009 and run through September 29, 2009, with the rights trading
on the Vienna Stock Exchange from September 17 - September 23, 2009.
This will allow shareholders not wanting to exercise their
subscription rights to sell their rights at the market price.
Shareholders and interested investors may acquire subscription rights
to acquire new shares. The price of the subscription rights will
develop according to supply and demand. The new shares for which
subscription rights are not exercised will be placed with
institutional investors in and outside Austria. Trading in the new
shares is expected to start on October 1, 2009 on the Vienna Stock

Agreement with the Lybian Investment Authority to acquire up to 11.8
million shares as part of the capital increase
Wienerberger has entered into an agreement with the Lybian Investment
Authority ("LIA"), an investment fund of the Lybian state, pursuant
to which LIA has committed to acquire, as part of the capital
increase, up to 11.8 million shares of Wienerberger (representing up
to 10 % of the outstanding shares after the capital increase) at the
subscription price. LIA may acquire the new shares by means of
subscription rights acquired in the rights offering or in the
placement of new shares for which subscription rights are not
exercised in the rights offering. LIA is a long-term investor and
holds interests in a variety of international industrial enterprises.
LIA has agreed not to sell, within a period of one year, any shares
acquired in the capital increase provided its participation in
Wienerberger after the capital increase reaches at least 5%. In
addition, it was agreed that LIA shall, without the consent of
Wienerberger, not acquire more than 15% in Wienerberger's share
capital for a two year period.

Capital increase to regain financial flexibility and be well
positioned for potential market rebound
Wienerberger intends to use the net proceeds from the offering to
regain financial flexibility. "We will use the proceeds from the
capital increase primarily to repay our debt and strengthen our
balance sheet. Not only does such move increase our financial
flexibility and maintains access to financial markets but also allows
us in the medium term to support our rating. With this important step
we position ourselves at the forefront of our industry. Although the
financial crisis is not yet behind us, our robust capital structure
will better position Wienerberger to create value going forward",
explains Heimo Scheuch, CEO of Wienerberger the reasons for the
capital increase.

Wienerberger: the world's largest producer of bricks
Wienerberger is the world's largest producer of bricks and second
largest in the clay roof tiles market in Europe, and also holds
leading positions with pavers in Europe, with currently 236 plants in
26 countries. For the year ended December 31, 2008, the Group had
revenues of EUR 2,431 million and operating EBITDA of EUR 440

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For additional information contact:
Barbara Braun├Âck, Head of Investor and Public Relations
T +43(1) 601 92-467  |

Legal Disclaimer:
This press release serves marketing purposes in Austria and
constitutes neither an offer to sell nor a solicitation to buy any
securities of Wienerberger AG. A public offer may only be made in
Austria after publication of a prospectus prepared in accordance with
the provisions of the Austrian Capital Markets Act. Any securities
orders received prior to the commencement of a public offer will be
rejected. If a public offer is made in Austria, a prospectus prepared
in accordance with the Austrian Capital Markets Act will be published
at the homepage of the company under and will be
available free of charge at Wienerberger AG (Wienerbergstra├če 11,
A-1100 Vienna). Any offer of securities of Wienerberger AG in Austria
will be made solely by means and on the basis of the published

This press release is not for distribution in or into the United
States of America and must not be distributed to U.S. persons (as
defined in Regulation S under the U.S. Securities Act of 1933, as
amended ("Securities Act")) or publications with a general
circulation in the United States. This press release does not
constitute an offer or invitation to purchase any securities in the
United States. The securities of Wienerberger AG have not been
registered under the Securities Act and may not be offered, sold or
delivered within the United States or to U.S. persons absent from
registration under or an applicable exemption from the registration
requirements of the United States securities laws. There will be no
public offer of securities of Wienerberger AG in the United States.

This press release is directed only at persons (i) who are outside
the United Kingdom or (ii) who have professional experience in
matters relating to investments falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (as amended) (the "Order") or (iii) who fall within Article
49(2)(a) to (d) ("high net worth companies, unincorporated
associations etc.") of the Order (all such persons together being
referred to as "Relevant Persons"). Any person who is not a Relevant
Person must not act or rely on this communication or any of its
contents. Any investment or investment activity to which this
communication relates is available only to Relevant Persons and will
be engaged in only with Relevant Persons.

This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.