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

HEIDELBERG, GERMANY—10/31/2006—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).