* Investments of several hundred million euros shelved

* Uncertain legal situation in German offshore wind sector

Vienna/Cuxhaven, 15 January 2013 The publicly listed European construction group STRABAG SE postpones its planned investments in the field of gravity-based foundations technology for offshore wind until further notice. The company had planned to spend several hundred million euros over the next few years on the construction of a factory and of special ships to transport self-developed concrete gravity foundations for offshore wind plants.

Hans Peter Haselsteiner, CEO of STRABAG SE, explains: "Despite our progress in gravity foundations technology, we have decided to not invest in the construction of plants and special ships for offshore wind for the time being. There are too many reasons against it at this time - from the uncertain legal situation and uncertain future of energy policy on the German market to the lacking storage technology for electricity from renewable sources and the lacking transport possibilities for getting the electricity from the producer to the consumer."

STRABAG's 51 % stake in 15 project companies to develop offshore wind farms remains unaffected by the decision. In May 2011, STRABAG had stated its intention of developing, building and operating wind farms.

Please find this press release as a pdf document attached.

In case you have any questions, please do not hesitate to contact us.

Kind regards

STRABAG SE Investor Relations

Donau-City-Str. 9
1220 Vienna/Austria
Tel. +43 1 22422-1116
Fax +43 1 22422-1177
investor.relations@strabag.com

FN 88983 h, Sitz: Villach
Handelsgericht Klagenfurt

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(See attached file: STRABAG_Investitionen_OffshoreWind_Jan13_e.pdf)

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