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ANDRITZ AGM Approves Substantial Dividend Increase, Stock Split

ANDRITZ AG said Thursday that its annual general meeting of shareholders agreed to a dividend payment of 2.20 euros per share for the 2011 business year, which is an increase of 29% compared to the dividend of 1.70 euros per share for the 2010 business year.

Ex-dividend date is March 26, the date of dividend payment March 28.

The company's annual general meeting also agreed to split the shares in a ratio of 1:2, whereby the number of shares will increase to 104 million and the proportionate amount of the capital stock will be 1.- Euro per no-par value share in the future. The corresponding adjustment of the share price at the Vienna Stock Exchange is planned to take place on April 23.

Christian Nowotny, who has been a member of the ANDRITZ Supervisory Board since 1999, was reappointed to the board.

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

by RTT Staff Writer

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