Heidelberg Concludes Employee Negotiations to Adjust Production Levels

HEIDELBERG, GERMANY—March 30, 2012—The Management Board and Workers’ Council of Heidelberger Druckmaschinen AG have reached an agreement regarding the implementation of the “Focus 2012” efficiency program. The consensus reached provides for reductions in personnel costs, more flexible working time arrangements, and worldwide job cuts through socially acceptable measures that will result in a head count of below 14,000 by mid-2014.