Annual General Meeting of Heidelberger Druckmaschinen AG for Fiscal Year 2003/2004

• Sales excluding Web Systems and Digital in first quarter of fiscal year 2004/2005 slightly up on previous year
• High level of incoming orders thanks to drupa successes

At the Annual General Meeting of Heidelberger Druckmaschinen AG (Heidelberg), which will commence today at 10 a.m. at the Stadthalle Heidelberg, Bernhard Schreier, the Company's Chief Executive Officer, will provide preliminary information on incoming orders and sales for Heidelberg's first quarter (April 1 to June 30, 2004). The Group's preliminary figures for incoming orders in the first three months of fiscal year 2004/2005 are just under 1.3 billion Euro (previous year: 783 million Euro), thanks to the numerous contracts concluded at the drupa trade show. This provides an excellent platform for sales in the coming quarters. Preliminary sales in the first three months of fiscal year 2004/2005 are 710 million Euro (previous year: 741 million Euro). Excluding sales from the Web Systems and Digital divisions, which were divested during the current fiscal year, preliminary sales are 602 million Euro, slightly above the comparable figure for the previous year (595 million Euro). The full financial statements for the first quarter will be published on August 9.

Today, the Company's shareholders will vote on seven items of the agenda. These will cover the following issues:

Because of the negative result, the Management Board and the Supervisory Board propose at today's Annual General Meeting that no dividend be paid for the year under review.

Jan Zilius, Member of the Executive Board of RWE AG, will resign from the Supervisory Board of Heidelberger Druckmaschinen AG with effect from the end of the Annual General Meeting.

The current Chairman of the Supervisory Board, Dr. Klaus Sturany, will resign his post as Chairman once all the seats on the Supervisory Board are occupied again. Sturany, CFO at RWE AG, will remain a member of the Heidelberg Supervisory Board.

Following his forthcoming appointment by the courts to the Supervisory Board of Heidelberger Druckmaschinen AG, Dr. Mark Wössner is to replace Klaus Sturany as Chairman of the Supervisory Board.

The results of the voting at the Annual General Meeting will be made available after the event.

For further information:
Heidelberger Druckmaschinen AG
Corporate Communications
Thomas Fichtl
Tel.: +49 (0)6221 92 47 47
Fax: +49 (0)6221 92 50 69
E-mail: thomas.fichtl@heidelberg.com

Important note:
This Press Information contains statements about future development that are based on assumptions and estimates by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Even if the management is of the opinion that these assumptions and estimates are accurate, future actual developments and future actual results may differ significantly from these assumptions and estimates due to a variety of factors. These factors can include changes to the overall economic climate, changes to exchange rates and interest rates and changes in the graphic arts industry. Heidelberger Druckmaschinen Aktiengesellschaft provides no guarantee that future developments and the results actually achieved in the future will agree with the assumptions and estimates set out in this press release and assumes no liability for such.