Lenzing AG : Supervisory board extends mandate for Peter Untersperger until 31 March 2013

Christian Reisinger will retire from the company at his own request on 31 March 2010

Lenzing, (PresseBox) - The supervisory board at its meeting today has decided to extend the contract of Peter Untersperger (CEO) by another three years until March 2013.

Christian Reisinger who joined the company 20 years ago has been a member of the management board since 1 January 1999. He will retire from the company on 31 Mach 2010. As a member of the management board Christian Reisinger has been instrumental in promoting Lenzing's position as world market leader in viscose fibers. He greatly contributed to making Lenzing an international company. Christian Reisinger was also responsible for developing Lenzing Technik GmbH into an important regional engineering and mechanical construction company. The supervisory board thanks him for his untiring service and wishes him all the best as well as success in his future activities.

After Christian Reisinger's retirement the supervisory board intends to appoint a new third member of the management board, currently consisting also of Friedrich Weninger.

Lenzing AG

The Lenzing Group is an international group of companies with its headquarters in Austria, production sites in all major markets and a global network of sales and marketing offices. Lenzing provides the global textile and nonwovens industry with highquality cellulose fibers. The company is the leading supplier in many businesstobusiness markets - from cellulose fibers to special plastic polymer products.

Lenzing quality and Lenzing innovative power set standards for manmade cellulose fibers worldwide. Seventy years of fiber production expertise make us the only producer worldwide of all three manmade cellulose fiber generations, from classic viscose to modal and lyocell. Lenzing's unique combination of consistent customer orientation with leadership in quality, innovation and technology is the foundation of our success.

Lenzing is committed to the principles of sustainable management and very high environmental standards.

Lenzing's core business fibers and plastics are complemented by our activities in business field engineering.

Key Figures 2008:

- Sales: EUR 1.33 bill.
- Export share: 88%
- Fiber production: 540,300 tons
- Staff: 5,945

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