21.12.2006 – 12:58

Österreichische Post AG

Closing of transaction: Austrian Post acquires 74.9% of German trans-o-flex

Wien (euro adhoc) -

Continuation of growth through international expansion

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Following the signing of the contract at the end
of October 2006, Austrian Post announces now the formal closing of
the transaction enabling it to acquire a majority shareholding in
trans-o-flex.

Subsequently, Austrian Post has acquired a 74.9% stake in
trans-o-flex GmbH and its affiliated companies ("trans-o-flex") from
its current owners, the 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 executive board of trans-o-flex will consist of Klaus J. Heinz,
Thomas Mohorn and Wolfgang Weber, as well as Thomas Doll, who will
serve as the company’s chief financial officer.  In addition to his
duties in Germany, Mr. Doll will also continue to be responsible for
corporate controlling  at Austrian Post.

trans-o-flex trans-o-flex is one of Germany’s leading specialised
logistics service providers for express delivery in the
business-to-business segment, with a focus on the life sciences,
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 approximately 49 million shipments, and employed approx. 890
employees. The range of services offered by trans-o-flex also
includes specialised services such as the transportation of hazardous
goods and temperature-controlled products. To handle its
international freight traffic activities, trans-o-flex operates the
European logistics network EURODIS, an association of European
logistics companies.

end of announcement                               euro adhoc 21.12.2006 12:56:57

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

Corporate Communications/Öffentlichkeitsarbeit:
Michael Homola
Tel.: +43(1)515 51-32010
mailto:michael.homola@post.at

Further inquiry note:

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

Corporate Communications/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

Original content of: Österreichische Post AG, transmitted by news aktuell