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Oce Revises Profit Forecast, Sales Flat

Press release from the issuing company

Venlo, June 20, 2001 — In anticipation of the publication of the quarterly results on July 5th, Oce announces, that, based on the available preliminary figures, the results for the second quarter are lagging behind expectations. Sales revenues in the second quarter were virtually at the level of the year 2000. As a consequence of the slowing down in investment spending, in particular sales of machines from the existing product range were disappointing. This has led to a decline in capacity utilisation in the factories and therefore to a lower than expected level of income for the second quarter. The new products are well received by the market and will have a positive impact on the results in the second half of 2001. However, it will not be possible to make up for the shortfall in the results of the first two quarters. Consequently the level of income for the 2001 financial year will not equal the results of 2000. In view of the continued uncertainty about further economic developments, the Board of Executive Directors is not making an income forecast for the 2001 financial year.