Dunn Replaces Winther as Heidelberg USA President

KENNESAW, GA--July 19, 2004--Heidelberg announced the departure of Niels M. Winther, the head of its North American business operations. Effectively immediately, the management of all sales, service and support functions provided by Heidelberg USA, Inc. will be assumed by James P. Dunn.

Winther, who had been a Heidelberg employee for more than 30 years, reportedly has expressed interest to leave the organization and pursue other opportunities while spending more time with his family. He will remain available to Heidelberg during the transition phase.

Dunn previously was responsible for the holding company that supports all of Heidelberg's North and South American activities. He has held numerous other positions throughout the Heidelberg community during more than three decades of service around the globe, including serving as CFO of Heidelberg Web Systems. Born in 1949 in New Jersey, Dunn attended Boston College in Newton, MA and received a bachelor's degree in Business Administration in 1971.

"We want to thank Niels for his great support to both Heidelberg and the print media industry over the years," said Heidelberg CEO Bernhard Schreier. "We are also most pleased that Jim will take up the task of guiding the sales and service activities in the U.S. market. Jim's many years of experience with Heidelberg will serve him well in this capacity."