Heidelberg Management Board Decides to Buy Back up to Five Percent of Company's Shares

The Management Board of Heidelberger Druckmaschinen Aktiengesellschaft (Heidelberg) today decided to initiate a second share buyback program. Between November 7, 2006 and January 19, 2008 at the latest, the company intends to acquire shares amounting to up to five percent of its capital stock (up to 4,152,535 shares).

The repurchased shares are earmarked for capital retirement and employee share participation programs. Additionally, they may be offered for purchase to individuals who either are or were employed in the company or an enterprise affiliated with the company.

Shares will be repurchased exclusively through the stock exchange. Transactions will comply with the trade restrictions specified in Article 5 of Commission Regulation (EC) No. 2273/2003 of December 22, 2003.

Heidelberger Druckmaschinen Aktiengesellschaft will provide regular updates on the transactions and the progress of the share buyback program.

For further information:
Heidelberger Druckmaschinen AG
Corporate Communications
Thomas Fichtl
Tel.: +49 (0)6221 92 47 47
Mobile: +49 (0)173 318 69 47
E-mail: thomas.fichtl@heidelberg.com