DGAP-Adhoc

Heidelberger Druckmaschinen AG: Heidelberg strengthens balance sheet by reorganizing company pension scheme

Heidelberger Druckmaschinen AG / Key word(s): Agreement/Forecast

27.02.2015 13:19

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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* Low-interest environment inflating balance-sheet Pension obligations
* New pension model provides balance-sheet relief
* Non-recurring increase in operating result (EBITDA) of around EUR50
million for current financial year

The management and employee representatives of Heidelberger Druckmaschinen
AG (Heidelberg) today reached agreement on reorganizing the company pension
scheme. In the future, the final salary pension will be replaced by a
contribution-based capital commitment.

The associated effect allows a balance-sheet relief of some EUR100 million.
This step is also a response to steadily falling interest rates due to the
continuing low-interest policy in the eurozone, which could lead to further
increases in provisions for pension obligations in the future. It has
already been necessary to significantly increase the reserves for
guaranteed pension payments in recent years and no reversal of this trend
is expected in the near future.

The basic principle behind the newly agreed contribution-based scheme has
applied to the company's management staff and new employees since 2006 and
will now be extended to all Heidelberg pension beneficiaries.

In addition to relieving the balance sheet, reorganizing the company
pension scheme will have a non-recurring positive effect on the operating
result for the current financial year 2014/2015. Also because of this,
EBITDA will be around EUR50 million higher than previously expected. The
pension scheme figures calculated at the end of the financial year on March
31, 2015 when preparing the annual accounts will clarify the precise impact
of the reorganization.

For additional details about the company and image material, please visit
the Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com.

Contact:
Heidelberger Druckmaschinen AG

Corporate Public Relations
Thomas Fichtl
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]

Investor Relations
Robin Karpp
Phone: [phone]
Fax: [phone] 67120
E-Mail: [e-mail]