Ad-hoc | 28 June 2004 23:47

GILDEMEISTER decides to issue corporate bond

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Bielefeld. The Executive Board of GILDEMEISTER Aktiengesellschaft has decided to issue a corporate bond with a volume of approx. EUR 175 million and an expected maturity of seven years. The roadshow to approach international investors will start in the next few days. The proceeds shall be used to refinance the majority of the company’s short term financing. After its successful capital increase, GILDEMEISTER seeks to further optimize its financing structure by issuing a corporate bond. Ratings of the bond are being prepared by Moody’s and Standard & Poor’s. In addition, the company aims to prolong existing debt into a three year syndicated loan of EUR 140 million. Both measures will strengthen its financial position, increase its financial flexibility and optimize its financial structure. GILDEMEISTER Aktiengesellschaft The Executive Board Information and explanation from the issuer for this ad-hoc announcement: The information contained herein is not for publication or distribution in the United States of America. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold in the United States absent registration under that Securities Act or an available exemption from it. Any offering of securities to be made in the United States will be made by means of an offering circular that may be obtained from the issuer and will contain detailed information about the company and management, as well as financial statements. These materials do not contain or constitute an offer of securities for sale in the United States. These materials do not constitute an offer for the sale of securities of GILDEMEISTER Aktiengesellschaft and are not a replacement for the sales prospectus. Any investment decision with respect to any securities of GILDEMEISTER Aktiengesellschaft should be made solely on the basis of the sales prospectus, which will be available free of charge at upon further notice. This document is for distribution in the U.K. only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the “Order”) or (ii) high net worth entities falling within article 49(2)(a) to (e) of the Order (all such persons being together referred to as “relevant persons”). This document is directed only at relevant persons. Other persons should not act or rely on this document or any of its contents. This document is confidential and is being supplied to you solely for your information and may not be reproduced, redistributed or passed on to any other person or published, in whole or in part, for any other purpose. end of ad-hoc-announcement (c)DGAP 28.06.2004 ——————————————————————————– WKN: 587800; ISIN: DE0005878003; Index: SDAX Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf und Frankfurt (Prime Standard); Freiverkehr in Hamburg, München und Stuttgart 282347 Jun 04