Heidelberg Withdraws 2,857,777 Shares Within the Scope of the Current Share Buyback Program

On March 31, 2006 the Management Board of Heidelberger Druckmaschinen AG (Heidelberg) decided to withdraw 2,857,777 no-par bearer shares (3.3 percent of outstanding shares) by means of a simplified capital retirement process in compliance with the Stock Corporation Act, Section 71 para. 1 no. 8 sentence 6. The Management Board was authorized accordingly by the Annual General Meeting of July 20, 2005. The Supervisory Board already agreed with this measure during its board meeting on March 29, 2006.

The company's capital stock now amounts to 212,609,799.68 Euro and is divided into 83,050,703 no-par bearer shares.

The current share buyback program will be continued unchanged up to a level of five percent. The shares purchased in this context will in part be used for employee share participation programs and/or for a further capital retirement.

For further information:
Heidelberger Druckmaschinen AG
Investor Relations
Dirk Kaliebe
Tel.: +49 (0)6221 92 60 20
Fax: +49 (0)6221 92 60 61
E-mail: dirk.kaliebe@heidelberg.com

Important Note
This press release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the macro-economic situation, in the exchange rates, in the interest rates and in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft gives no warranty and does not assume liability for any damages in case the future development and the projected results do not correspond with the forward-looking statements contained in this press release.