S&T AG: Authorization by the shareholders' meeting to repurchase own shares

The Management Board of S&T AG (“Company”) announces that the extraordinary shareholders' meeting of S&T AG as of 15 January 2019 has resolved upon on agenda topic 1 as follows:

Resolution on

1. the authorisation of the Management Board for the repurchase of own shares pursuant to § 65 para 1 no 8 and paras 1a and 1b Austrian Stock Corporation Act via a stock exchange as well as over-the-counter in an amount of up to 10% of the share capital of the Company,
2. the further authorisation of the Management Board pursuant to § 65 para 1b Stock Corporation Act to determine for the sale or other utilization of own shares another type of sale than via a stock exchange or through a public offer with an exclusion of a repurchase right (reverse exclusion of subscription rights), and
3. the authorisation of the Management Board to reduce the share capital of the Company by means of recall of the respective own shares without any further resolution by the shareholders' meeting.

A possible future use of the authorization of the Management Board of S&T AG to utilize the authorisation to repurchase own shares will be published in accordance with applicable laws without undue delay and before implementation of a repurchase program.