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Free Float of Heidelberg Will Increase Significantly Above 20 Percent

Thursday, May 24, 2001

Press release from the issuing company

May 2001 - Today RWE AG offers up to 5,275,000 shares of Heidelberger Druckmaschinen AG for sale by means of an Accelerated International Tender. The transaction will focus on national and international institutional investors and will be offered through Commerzbank AG and Merrill Lynch. In addition Commerzbank has made available a greenshoe option of an additional 775,000 shares. This transaction will increase the free float of Heidelberg significantly above 20 percent. RWE has agreed not to sell any additional shares of Heidelberg for the next 180 days. On March 27, 2001 the Supervisory Board of RWE had decided to sell up to 6,15 percent of its 56,15 percent stake in Heidelberg.




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