Vienna - The listed construction group STRABAG SE was informed by its core shareholder, the Haselsteiner Familien-Privatstiftung, that it has terminated the syndicate agreement that exists with the UNIQA and Raiffeisen Groups as well as Rasperia Trading Ltd. after all efforts to seize the Russian stake have failed. The syndicate agreement had been in force since 2007 and, in addition to the nomination of Supervisory Board members, also provided for the coordination of voting results at the Annual General Meeting.

'The Management Board welcomes the step taken by our core shareholder, the Haselsteiner Familien-Privatstiftung, to create clear conditions by terminating the syndicate agreement. On the part of the management, we are ready to take all legally possible measures to avert damage to the company. In view of the sanctions currently imposed by great Britain and Canada, this applies in particular to the payment of dividends. As far as STRABAG's Business in Russia is concerned - which is now of minor importance at 0.3% of Group revenues - the Management Board has decided to wind up the activities,' explains Thomas Birtel, CEO of STRABAG SE.

In view of the endless hardship of the Ukrainian population affected by the war, STRABAG SE has initiated or financed extensive aid measures, especially in the main affected corporate countries Poland, the Czech Republic, Slovakia and the Republic of Moldova. These initiatives will continue to be proudly continued by the shareholders, Executive Board and employees of STRABAG SE in accordance with the Group's Code of Values.

STRABAG SE is a European technology group for construction services, a leader in innovation and capital strength. Our offer covers all areas of the construction industry and covers the entire construction value chain. In doing so, we create added value for our clients by integrating a wide variety of services and taking responsibility for them: We bring people, building materials and equipment to the right place at the right time and thus also realize complex construction projects - on time and quality and at the best price. Thanks to the commitment of our approximately 75,000 employees, we generate an annual output volume of around EUR 16 billion. A dense network of numerous subsidiaries in many European countries and also on other continents expands our field of application far beyond Austria's and Germany's borders. Information can also be found at www.strabag.com

Contact:

MMag. Marianne JaklHead

Corporate Communications

Press Officer

STRABAG SE

Donau-City-Str. 9

1220 Vienna

Austria

Tel: +43 1 22422-1174

Fax: +43 1 22422-1177

E: marianne.jakl@strabag.com

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