Andritz: Results for the first half of 2008

• Increase in order intake, sales, and net income
• Order backlog, at over 4.6 bn Euros, provides solid basis for the coming quarters

Successful closing of acquisitions

Andritz and GE Energy have successfully closed the transactions announced in May and June 2008, pursuant to which Andritz has acquired certain assets of GE Energy’s Hydro business as well GE Energy’s majority interest in GE Hydro Inepar do Brasil S.A., to be renamed Andritz Hydro Inepar do Brasil S.A.

Andritz to acquire majority interest in GEHI joint venture from General Electric

International technology group Andritz and GE Energy (GE) have signed an agreement for the purchase by Andritz of GE’s majority interest in the GEHI (General Electric Hydro Inepar) joint venture. The other principal shareholder in GEHI, which was founded in 1997, is Brazilian conglomerate Inepar S.A. Group. Financial terms were not disclosed.