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No power train without Miba technology

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14<br />

The <strong>Miba</strong> Share<br />

The <strong>Miba</strong> share was not able to escape the uncertainty of investors at the outset<br />

of the worldwide financial and economic crisis beginning in September 2008, and the<br />

share price initially fell. In the 2009-2010 business year, market prices recovered slightly<br />

and the <strong>Miba</strong> share price fluctuated between EUR 69 and 91, reaching the yearly high in<br />

mid-October 2009. Beginning in fall 2009, the share stabilized and displayed a horizontal<br />

movement with a slight downward tendency. The share closed at EUR 81 at the end of<br />

the financial year.<br />

In 2009-2010 <strong>Miba</strong> stock significantly outperformed the WBI (Wiener Börse Index)<br />

through May, falling below the WBI performance after May.<br />

With a price-earnings ratio of 8.13 (as of January 29, 2010), <strong>Miba</strong> stock continues to be<br />

attractively rated. Earnings per share for 2009-2010 totaled EUR 9.93 per share, a 40 percent<br />

decrease from the previous year.<br />

Share buyback plan<br />

On June 19, 2009, the Annual Shareholders’ Meeting authorized the company to purchase<br />

company shares totaling up to 10 percent of share capital through December 31, 2011, in<br />

accordance with section 65 (1) 8 of Austria's Stock Corporation Act. On July 14, 2009, the<br />

Management Board adopted a share buyback program. The buyback price ranges between<br />

EUR 50 and 200. The intended repurchase volume corresponds to<br />

approximately 2.3 percent of the share capital.

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