Ad hoc - Notification pursuant to Article 17 MAR

Heidelberger Druckmaschinen AG - Change in the Management Board

Heidelberg, October 17, 2022 / 7:02 p.m. CEST

The Supervisory Board and Mr. Marcus A. Wassenberg today mutually agreed that Mr. Wassenberg will step down from his management board functions as Chief Financial Officer and Chief Human Resources Officer of Heidelberger Druckmaschinen AG (HEIDELBERG) at the latest by the end of the current fiscal year which ends on 31st of March, 2023, in order to take up a position on the Management Board of another industrial company. An earlier resignation of Mr. Wassenberg is possible, provided that an orderly handover of Mr. Wassenberg's official duties is ensured.

The Supervisory Board will conduct a structured process to find a successor to Mr. Wassenberg in the role of Chief Financial Officer. Mr. Wassenberg, together with the Supervisory Board and the Chairman of the Management Board, Dr. Ludwin Monz, will ensure an orderly transition until Mr. Wassenberg’s resignation.

The Supervisory Board would like to thank Mr. Wassenberg for his successful work in the recent years.

Corporate Communications
Thomas Fichtl
Phone: +49 (0)6222 82-67123
Fax: +49 (0)6222 82-67129

Investor Relations
Maximilian Beyer
Phone: +49 (0)6222 82-67120
Fax: +49 (0)6222 82-99 67120

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.

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