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Extremely successful year for Wienerberger in 2007

Corporate news announcement processed and transmitted by Hugin ASA.
The issuer is solely responsible for the content of this
announcement.
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Final results for 2007:
- Revenues +11% to € 2,477.3 million, EBITDA +17% to € 551.2 million
- Earnings per share +17% to € 3.46 (after hybrid coupon payments)
- Managing Board recommends 12% increase in dividend to € 1.45
Outlook on 2008:
- Sound development of business in Central-East Europe
- Earnings improvement in USA despite further market decline
- Continuation of profitable growth course
- Goals for 2008 remain unchanged

Vienna, March 26, 2008 - Wienerberger AG, the world's largest
producer of bricks and the number two in clay roof tiles in Europe,
was able to exceed its earnings targets in 2007 and again record
double-digit growth in revenues and earnings.


Citizens bash Corzine's budget cuts

With residents outraged over skyrocketing property taxes, rising tuition and reduced help for the poor and mentally ill, Gov. Jon S. Corzine's proposed budget took it on the chin Wednesday at its first public hearing.

Corzine's $33 billion budget proposal, with its $2.7 billion in proposed spending cuts, drew poor reviews from residents and officials at the first legislative hearing on the plan, held Wednesday at Rutgers University in New Brunswick.

Even Corzine's fellow Democrats criticized the governor's cost-cutting plan, attacking the wisdom of eliminating state aid for small towns.

"I find it indefensible that towns are having their funding smashed way based on population," said Senate Budget Chairwoman Barbara Buono, D-Middlesex.

Sen.


London afternoon: Resources stocks weigh heavy

LONDON (SHARECAST) - London's blue chips can't shake off heavy selling of miners and oil stocks, even though Wall Street has made a bright start. Vedanta Resources, Anglo American, Xstrata and Rio Tinto are down as gold and metal prices slumped. Oil producers Cairn and BP are also lower on weaker oil prices. It has also been revealed that police investigators searched the Moscow offices of TNK-BP, BP�s 50%-owned Russian joint venture, on Wednesday, as part of a criminal probe. Industry experts see it as a possible increase of state pressure on the company. But Rentokil was in favour as investors hope that the resignation of chairman Brian McGowan and chief executive Doug Flynn will pave the way for a turnaround at the ailing pest control firm. It has drafted in ex-ICI boss John McAdam and the chemical giant�s finance chief Alan Brown to lead a recovery at the group, which issued another profits warning last month.


 

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