PRESSEMITTEILUNGEN

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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

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