NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA

Earlier today, the Annual General Meeting of Heidelberger Druckmaschinen AG (Heidelberg) (FWB:HDD) for financial year 2009/10 approved the subscription rights issue to increase the company’s capital proposed by the Supervisory Board and Management Board. The proposal was passed by around 97 percent of the votes cast, with approx. 49 percent of voting capital represented at the meeting. This decision lays the foundation for the capital increase planned for the coming months in the form of a subscription rights issue for all shareholders. Further details will be released shortly before the capital increase is implemented. The other proposals put forward by the management were also passed by the vast majority of shareholders.

“We are extremely pleased that our shareholders have approved the proposals made at the Annual General Meeting. This is a ringing endorsement of our strategy, which we will carry forward in full to get Heidelberg back on track for success as quickly as possible,” declared Bernhard Schreier, Heidelberg Chief Executive Officer.

Heidelberg aims to use the capital increase to reduce its borrowing and strengthen its capital structure. The anticipated funds are therefore to be used for the proportionate repayment of the bank loans from the package that was put together to restructure the Group's financing in June/August 2009. In the medium term, the company is also seeking to achieve a capital structure that the capital markets consider meets investment grade criteria.

“The capital increase gives us greater flexibility to secure sustainable and independent financing for Heidelberg on the capital markets,” explained Dirk Kaliebe, the company's Chief Financial Officer. “It will play a crucial role in helping to create added value and secure the future of our company. Shareholders, customers, and employees will all benefit equally from this.”

The capital increase is intended to raise the company's share capital by up to 156,086,868 new shares against cash contributions. The final number of new shares will depend on the subscription price per share, the aim being to generate gross proceeds of some EUR 420 million. The subscription price is still to be set by the Management Board, with the approval of the Supervisory Board, under consideration of the current market situation at the time, and factoring in an appropriate risk-related reduction for the subsequent placement.

The Annual General Meeting for financial year 2009/2010 was held at the Congress Center Rosengarten in Mannheim, Germany, and was attended by around 1,700 shareholders. During the AGM, the Management Board also reviewed the financial statements for the past financial year (April 1, 2009 to March 31, 2010), and presented the company's strategy and realignment.

This communication constitutes neither an offer to sell nor a solicitation to buy or subscribe for securities. Any such offer will be made solely on the basis of the Securities Prospectus to be published and registered with the German Financial Supervisory Authority (BaFin). The information legally required to be provided to investors is contained only in the Securities Prospectus.

The information contained in this communication is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions of any State of the United States of America or the District of Columbia) and must not be distributed to U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended ("Securities Act")) or publications with a general circulation in the United States of America. This communication is not an offer of securities for sale in the United States of America. The securities have not been and will not be registered under the Securities Act and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. Heidelberg Druckmaschinen AG does not intend to register any portion of the offering in the United States of America or to conduct a public offering of the securities in the United States of America.

This communication is not an offer of securities for sale in the United Kingdom, Canada, Japan or Australia.

Note for editors:

A recording of the speech – complete with text and presentation – given by CEO Bernhard Schreier at the AGM is available on the Internet at www.heidelberg.com.

The Annual Report and Agenda for the Annual General Meeting can also be downloaded from www.heidelberg.com.

Other dates:

The scheduled publication date for the financial statements for the first quarter of 2010/2011 is August 10, 2010.

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.