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24.04.2003|Successful Exhibition in China strengthens Asia Strategy 

GILDEMEISTER with a good order book from the CIMT ​​​​​​​

Bielefeld. GILDEMEISTER reports a positive result from the CIMT in Beijing with orders of Euro 12,2 million and 81 machines sold, GILDEMEISTER was very successful at this, Asia`s largest trade exhibition. Equally important are the offers for post- exhibition business initiated.

By yesterday, (22 April 2003) GILDEMEISTER, as the largest exhibitor at the Chinese exhibition, presented 12 high- tech machines and held negotiations with 2,465 companies. The innovative motorised lathe and milling machines, and the laser and ultrasonic techonlogy were greatly welcomed. The sustained impetus coming from the CIMT strengthen GILDEMEISTER`s Asia strategy and from a solid foundation for the business volume of the approximately Euro 50 million expected for this year in China. In the medium- term, GILDEMEISTER is planning to achieve a share of sales of around 20 % in Asia. Current figures for the first quarter of 2003 will be published by GILDEMEISTER on 08 May 2003.

GILDEMEISTER Aktiengesellschaft
The Executive Board

Disclaimer, Forward-looking statement

Disclaimer, Forward-looking statement

Statements relating to the future:

This press release contains forward-looking statements, which are based on current estimates of the management of future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors, which could lead to the actual future circumstances, including the assets, liabilities, financial position and profit or loss of GILDEMEISTER, differing materially from or being more negative than those expressly or implicitly assumed or described in these statements. The business activities of GILDEMEISTER are subject to a series of risks and uncertainties, which may result in forward-looking statements, estimates or forecasts becoming inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results stated, expected, anticipated, intended, planned, aimed at, estimated or projected in these statements. Forward-looking statements must not be understood as a guarantee or assurance of the future developments or events contained therein.