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New share repurchase program

Publication according to Section 82 (8) in connection with Section 82 (9) of the Austrian Stock Exchange Act (Börsegesetz) and Sections 4 (2) and 5 of the Publication Regulation ("Veröffentlichungsverordnung").

 

By resolution of the 13th Ordinary Shareholders' Meeting of Mayr-Melnhof Karton AG of April 25, 2007 the Management Board was authorized for a period of 18 months to buy back own shares of up to 10 percent of the Company's capital stock. The counter value per share to be acquired shall, however, not exceed the average market price during the last 10 trading days prior to the relevant purchase and must not be less than half of this price. The mentioned resolution was published in the "Amtsblatt zur Wiener Zeitung" (formal official gazette) on May 10, 2007.

 

On November 22, 2007 the Management Board of Mayr-Melnhof Karton AG has decided to make use of this authorization. The Supervisory Board of the Company has approved of this decision.

  

Details of the share repurchase program:

Period of time:                  From November 27, 2007 until October 25, 2008 at the latest
Class of shares:                Ordinary bearer shares
Intended volume:              Up to 2,200,000 ordinary shares, i.e. up to a maximum of
                                        10% of the current capital stock
Repurchase price:             The repurchase price per share must not exceed the average 
                                       market price during the last 10 trading days prior to the relevant
                                       purchase, nor must be less than half of this price.
Type of repurchase:          Via the Vienna Stock Exchange
Purpose of repurchase:     Capital structure improvement measures

According to Sections 6 and 7 of the Publication Regulation, the Company intends to publish


22.11.2007

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