Vossloh AG / Share Buyback 15.10.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Vossloh AGs Executive Board decides to repurchase treasury stockforecast for fiscal 2008 reaffirmed Vossloh AGs Executive Board has resolved today to exercise the authority conferred by the May 31, 2007 and May 21, 2008 annual general meetings and to repurchase from the stock market up to 1,479,582 Vossloh shares, equivalent to a maximum of 10% of the capital stock. The Supervisory Board has approved the resolution. The repurchased treasury stock may be used for any of the purposes stated in the above-mentioned AGM resolutions. The price paid by Vossloh AG for one treasury share (excl. purchase incidentals) may neither be below 5% of, nor more than 5% above, the average Vossloh stock price as quoted at the closing auction of the Xetra trade at the Frankfurt Stock Exchange during the five trading days preceding the treasury stock acquisition date. The stock repurchase program will commence October 16, 2008, and end not later than April 15, 2009. The stock repurchase will be managed by a bank independently and uninfluenced by Vossloh AG and be implemented in accordance with the trading terms of EC Regulation No. 2273/2003 of the EU Commission dated December 22, 2003. Unwavering, the Executive Board predicts that the targets for fiscal 2008 will be achieved. Since the Infrastructure Services business unit (VIS) was disposed of in 2008, the Vossloh Group looks to sales of 1,126 million, like-for-like an 11% improvement on 2007 (excluding VIS). EBIT is forecasted to amount to some 131 million, hence up 18% like-for-like. Including the one-time book gain from the disposal of VIS, the Vossloh Groups net earnings will accordingly total about 128 million. Werdohl, October 15, 2008 The Executive Board DGAP 15.10.2008 --------------------------------------------------------------------------- Language: English Issuer: Vossloh AG Vosslohstr. 4 58791 Werdohl Deutschland Phone: +49 (0)2392 52 - 249 Fax: +49 (0)2392 52 - 219 E-mail: investor.relations@ag.vossloh.com Internet: www.vossloh.com ISIN: DE0007667107 WKN: 766710 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, München, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Vossloh AG: Vossloh AGs Executive Board decides to repurchase treasury stockforecast for fiscal 2008 reaffirmed
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