EANS-Adhoc: PALFINGER Launches Repurchase Programme

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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25.11.2011

- Management Board resolves to exercise its authorization to acquire
own shares - Repurchase programme from 1 December 2011 to 2 May
2014 at the latest - Purchase price from EUR 1.00 to EUR 12.30;
altogether a maximum of EUR 10 million

At the Extraordinary General Meeting on 3 November 2011, the
Management Board of PALFINGER AG was authorized to acquire own shares
in an amount not exceeding 10 per cent of the share capital of
PALFINGER AG (pursuant to Sect. 65 Para. 1 No. 8 as well as Para. 1a
and Para. 1b of the Companies Act [AktG]) for a period of 30 months
from the date of adoption of the resolution. Pursuant to this
authorization, the purchase of the shares may be made via the stock
exchange as well as over the counter, the latter being subject to the
prior approval of the Supervisory Board of the Company.

Having obtained the approval of the Supervisory Board, the Management
Board has resolved to exercise this authorization as follows:

Conditions of the Share Repurchase

|Start and anticipated duration: |From 1 December 2011 through 2 May |
| |2014 |
|Share class: |Ordinary shares (ISIN AT0000758305) |
|Volume: |Up to approx. 9 % of the share |
| |capital of the Company, i.e. up to a |
| |maximum of 3,245,000 shares |
|Purchase price: |From EUR 1.00 (including this amount)|
| |to EUR 12.30 (including this amount),|
| |altogether EUR 10 million maximum |
|Purchase method: |Via the stock exchange and over the |
| |counter (OTC) if required |
|Purpose: |To any purpose specified under Sect. |
| |65 Para. 1 No. 8 of the Austrian |
| |Stock Corporation Act (AktG), in |
| |particular for the purpose of using |
| |own shares as cash for growth |
|Day of resolution: |3 November 2011 |
|Day and type of publication of |The publication occurred on 3 |
|resolution: |November 2011 pursuant to Sect. 82 |
| |Para. 8 of the Austrian Stock |
| |Exchange Act (BörseG) |

PALFINGER AG intends to publish all changes and completed
transactions on the Company´s website (www.palfinger.com) and
thereby to fulfil the disclosure requirements pursuant to Sect.
6 and Sect. 7 of the Austrian Publication Regulation
(Veröffentlichungsverordnung).

Further inquiry note:
Hannes Roither, PALFINGER AG
Unternehmenssprecher
Tel.: +43 662 46 84-2260
mailto: h.roither@palfinger.com
www.palfinger.com

end of announcement euro adhoc
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issuer: Palfinger AG
F.-W.-Schererstraße 24
A-5020 Salzburg
phone: 0662/4684 2261
FAX: 0662/4684 2280
mail: c.rendl@palfinger.com
WWW: www.palfinger.com
sector: Machine Manufacturing
ISIN: AT0000758305
indexes: ATX Prime, Prime Market
stockmarkets: official market: Wien
language: English