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

Heidelberger Druckmaschinen Aktiengesellschaft will provide regular updates on the transactions and the progress of the share buyback program at www.heidelberg.com. Initial share buyback program was concluded in July 2006

In an initial share buyback program the company had already repurchased 4,295,424 shares (five percent of the capital stock) during the period from November 9, 2005 to July 26, 2006 totaling EUR 150,349,212.29.