Heidelberg successfully concludes capital increase

NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA

• Successful capital increase underlines confidence in Heidelberg strategy
• Gross proceeds of around EUR 420 million
• Take-up rate of 99.85 percent
• Proceeds of the Issue strengthen equity base and are intended for repaying financial liabilities

Heidelberger Druckmaschinen AG (Heidelberg) has successfully concluded its capital increase. 99.85 percent of the subscription rights were taken up by the holders, resulting in 155,048,004 new shares being purchased at a price of EUR 2.70 each. The remaining 238,864 new shares not taken up under the rights offer have been sold via the Stock Exchange by the global coordinators COMMERZBANK Aktiengesellschaft and Deutsche Bank Aktiengesellschaft.

Under the capital increase, a total of 155,286,868 new shares have been placed. This has generated gross proceeds of some EUR 420 million for the company.

From today, the new shares have been included in the existing Heidelberger Druckmaschinen AG stock quotation on the Frankfurt Stock Exchange.

"We would like to thank our shareholders for the confidence they have shown in Heidelberg's strategy. The success of this capital increase has created a firm footing for sustained profitable growth. We are looking to build on our global market leadership by expanding our packaging printing, services, and consumables activities and benefiting from growth on emerging markets," says Heidelberg CEO Bernhard Schreier.

Heidelberg will be using the whole of the net proceeds from the capital increase to repay financial liabilities and strengthen its equity base. The company is thus taking early steps to refinance the credit lines that fall due in summer 2012, thereby securing its long-term financing.

As CFO Dirk Kaliebe explains, "The capital increase is a key milestone in the reorganization of the financing structure at Heidelberg. It will enable us to significantly reduce our liabilities and thus strengthen our financing structure over the long term. Underpinned by our operating successes and a highly disciplined approach to costs, this will enable us to create the necessary conditions for making Heidelberg profitable again as soon as possible."

Major shareholder Allianz SE took up all its subscription rights and, consequently, still holds around 13.2 percent of the voting rights. Another major shareholder, RWE AG, sold existing shares from its stockholding in advance on the stock exchange and used the proceeds from this sale (without adding additional own funds) to exercise its subscription rights to the remaining shares in its possession. Following this measure, RWE AG holds around 4.2 percent of the voting rights.

For further information:
Heidelberger Druckmaschinen AG
Investor Relations
Andreas Trösch
Tel: +49 (0)6221- 92 6020
Fax: +49 (0)6221- 92 5189
E-mail: Andreas.Troesch@Heidelberg.com  

This communication constitutes neither an offer to sell nor a solicitation to buy or subscribe for securities. Any such offer will be made solely on the basis of the Securities Prospectus to be published and registered with the German Financial Supervisory Authority (BaFin). The information legally required to be provided to investors is contained only in the Securities Prospectus.

The information contained in this communication is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions of any State of the United States of America or the District of Columbia) and must not be distributed to U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended ("Securities Act")) or publications with a general circulation in the United States of America. This communication is not an offer of securities for sale in the United States of America. The securities have not been and will not be registered under the Securities Act and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. Heidelberg Druckmaschinen AG does not intend to register any portion of the offering in the United States of America or to conduct a public offering of the securities in the United States of America.

This communication is not an offer of securities for sale in the United Kingdom, Canada, Japan or Australia.


Heidelberger Druckmaschinen

A technology provider and partner in the print media industry


A technology provider and partner in the print media industry Heidelberger Druckmaschinen AG (Heidelberg) is with its sheetfed offset printing machines one of the leading solution providers for the print media industry. All over the world, the name Heidelberg is synonymous with state-ofthe art technology, top quality, and closeness to the customer. The core business of this technology group covers the whole value-added and process chain for the 35 x 50 cm (13.78 x 19.69 in) to 121 x 162 cm (47.64 x 63.78 in) format classes in the sheetfed offset sector.

Heidelberg develops and produces precision printing presses, platesetters, postpress equipment, and software for integrating all the printshop processes. Environmental protection has an enduring importance in this regard. Solutions for the development, production, and utilization of presses help to conserve resources, reduce emissions, and cut wastage. The Heidelberg portfolio also provides general and consulting services ranging from spare parts and consumables to the sale of remarketed equipment, and training at the Print Media Academy.

Based in Heidelberg, Germany, with development and production sites in seven countries and around 250 sales offices across the globe, the company supports around 200,000 customers worldwide. All Heidelberg presses destined for the world market are manufactured at the Wiesloch-Walldorf site in line with strict quality standards. Standardized presses in all standard format classes and folding machines for the Chinese market are produced by Heidelberg in Qingpu near Shanghai.

Heidelberg presses worldwide produce high-quality print products such as business cards, brochures, posters, and folding cartons.

In financial year 2009/2010, Heidelberg recorded sales of EUR 2.306 billion. As at March 31, 2010, the Heidelberg Group had a workforce of 16,496 worldwide, including 700 trainees.


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.