Bilfinger Berger: resolution on a €100 million share buyback

February 19, 2008

February 19, 2008

Bilfinger Berger: resolution on a €100 million share buyback

In view of current low price levels, Bilfinger Berger intends to acquire its own shares up to a total consideration of €100 million. The basis is the authorization granted by the Annual General Meeting of May 23, 2007 to buy back up to 10% of the Company’s share capital. The Bilfinger Berger share is currently trading well below its all-time high of €74.73, reached in the middle of 2007. Its price is far from adequately reflecting the value of the Company.

In order to maintain the financial flexibility of the Company, there is currently no plan to cancel the shares. At a later date, the use of the shares as currency for transactions or their sale will be considered as options.

At the end of 2007, despite substantial investments in property, plant and equipment as well as in financial assets, cash and marketable securities of Bilfinger Berger remained at a high level of €796 million. Additionally, in the first half of 2008, the Group will receive a cash inflow of €100 million from the sale of its operational real estate property. On this basis, Bilfinger Berger will have sufficient financial scope to continue its growth strategy after the share buyback.