WhatTheyThink

Agfa Writes Down Xeikon Investment

Press release from the issuing company

Mortsel (Belgium), 22 January 2002 - In view of the announcement made today by Xeikon, that "upon completion of the transfer of the activities and sale of assets, Xeikon will be put into liquidation", Agfa-Gevaert has decided to write off - during the closure of the 2001 books - the remaining value of 13 mio Euros which Xeikon represented in Agfa-Gevaert's books. The Agfa-Gevaert Group is one of the world's leading imaging companies. Agfa develops, produces and sells analog and digital systems which are principally destined for the graphics industry, healthcare, non-destructive testing, micrography, motion picture film, as well as consumer-oriented photography.