euro adhoc: Österreichische Post AG / Mergers - Acquisitions - Takeovers / Austrian Post acquires majority in German specialty logistics service company trans-o-flex

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
--------------------------------------------------------------------------------

30.10.2006

- Austrian Post will acquire 74.9% of trans-o-flex per end of year
2006 - Total Enterprise Value of EUR 225 million (as of 30 June 2006)
- Basis for expansion of Parcel & Logistics Division and continuation
of growth through international expansion - Revenue contribution of
around EUR 460 million and EBITDA of around EUR 27 million

Österreichische Post AG ("Austrian Post") announces the acquisition
of a majority stake in trans-o-flex GmbH and its affiliated companies
("trans-o-flex") from private equity funds managed by Odewald &
Compagnie ("Odewald & Cie.") and Alpha Group ("Alpha"). Odewald &
Cie. and Alpha will retain a stake of 25.1%. The management and
supervisory board of Austrian Post have already approved the
transaction. The transaction still requires approval by the relevant
antitrust authority.

trans-o-flex is one of Germany’s leading specialized logistics
service providers for express delivery in the business-to-business
segment with a focus on the life science, consumer electronics/home
entertainment and lifestyle/cosmetics industries. By assuming
corporate leadership at trans-o-flex, Austrian Post is taking control
over one of only a few Germany-wide logistics networks with 39
delivery centres. In 2005, trans-o-flex handled approx. 49 million
shipments and employed approx. 890 employees. The range of services
offered by trans-o-flex also includes specialized services such as
transportation of hazardous goods and temperature controlled
products. To handle its international freight traffic activities,
trans-o-flex operates the European logistics network EURODIS, a
combination of European logistics companies that is currently being
built up.

"With this acquisition Austrian Post is building the foundations for
further growth in a dynamic market for parcel and logistics services.
As a result of the transaction Austria will become a veritable
platform at the crossroads between Western and Eastern Europe and our
efforts to build a pan-European niche business have only just
started," commented Dr. Anton Wais, Chief Executive Officer of
Austrian Post.

With this transaction Austrian Post will strengthen its parcel and
logistics division, increase its European footprint and intensify its
existing successful cooperation with trans-o-flex. Today, Austrian
Post already delivers out of the trans-o-flex-network approx. 5,000
parcels per day in Austria which is trans-o-flex’s most important
foreign market. For both partners additional value-creation
opportunities will arise especially from the expansion of their
combined international network. As a result of the transaction the
parcel and logistics division of Austrian Post now has a universal
network of its own, covering Germany, Austria, Slovakia and Croatia.

In the twelve months to June 2006, trans-o-flex generated revenues of
approx. EUR 460 million and EBITDA of approx. EUR 27 million. The
Enterprise Value as of 30 June 2006, the effective date of the
transaction, was calculated at EUR 225 million. The parties have
agreed not to disclose the purchase price (enterprise value less net
financial debt). According to the terms and conditions of the
transaction Austrian Post has an option to acquire the remaining
25.1% in 2009 at the latest. Austrian Post expects the transaction to
yield a post-tax return on invested capital of more than 7%, which is
above Austrian Post’s internal hurdle rate for the cost of capital.

Goldman Sachs was exclusive financial advisor to Austrian Post in
this transaction.

Austrian Post Austrian Post, headquartered in Vienna (Austria), is
Austria’s leading postal services and logistics company. It generated
revenues of more than EUR 1.7 billion in 2005. Alongside its Mail
Division (pick-up, sorting, transportation and delivery of letters
within Austria and internationally) the Parcel & Logistics Division
is the Company’s most important revenue contributor. In 2005,
Austrian Post delivered around 43 million parcels in Austria. In 2006
the Company started to offer its parcel delivery services to
corporate clients (B2B) in addition to servicing the retail parcel
markets (B2C, C2C). Alongside its network in Austria Austrian Post
operates parcel networks in Croatia and Slovakia. In addition to
postal and financial services and products its Branch Network
division also sells retail products. Since the end of May 2006
Austrian post has been publicly listed on the Vienna Stock Exchange,
making it the third exchange-listed national postal company in
Europe. For more information go to the Company’s website at
www.post.at.

trans-o-flex trans-o-flex, headquartered in Weinheim (Germany),
operates a Germany-wide speciality logistics network with 39 delivery
centres primarily to transport business-to-business parcels and
pallets (combined freight). trans-o-flex has specialised particularly
in the transportation of goods for customers in the life sciences,
consumer electronics/home entertainment and lifestyle/cosmetics
industries. It has a leading market position in the life science
markets in Germany. Additionally, the company offers speciality
logistics services such as temperature-controlled delivery and
transportation of hazardous goods. In 2005, trans-o-flex handled
some 49 million shipments and generated revenues of approximately EUR
460 million with roughly 890 employees. To handle its international
freight traffic activities, trans-o-flex operates the European
logistics network EURODIS, a combination of European logistics
companies that is currently being built up. For more information go
to the Company’s website at www.trans-o-flex.de.

This press release contains forward-looking statements about the
future development of Austrian Post and economic developments. These
statements reflect the current beliefs and assumptions, which are
based on all information currently available to us. Should these
underlying assumptions fail to materialize or should further risks
arise, actual results may differ from the currently expected results.
Austrian Post is under no obligation to update these forward-looking
statements to reflect future events or developments.

end of announcement euro adhoc 30.10.2006 06:44:14
--------------------------------------------------------------------------------

ots Originaltext: Österreichische Post AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Further inquiry note:
Austrian Post
Investor Relations:
Harald Hagenauer
Tel.: +43(1)515 51-30401
mailto:harald.hagenauer@post.at

Public Relations:
Michael Homola
Tel.: +43(1)515 51-32010
mailto:michael.homola@post.at

Branche: Transport
ISIN: AT0000APOST4
WKN: A0JML5
Index: ATX
Börsen: Wiener Börse AG / stock market