CeWe commences with share buy-back

CeWe Color Holding AG / Share Buyback Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- CeWe commences with share buy-back Oldenburg, 12 June 2008 – The Board of Management of CeWe Color Holding AG (ISIN DE 0005403901, Prime Standard) has resolved, on the basis of authorisation granted at the Annual General Meeting on 28 May 2008, to acquire up to 438,392 own company shares in the period from 16 June 2008 to 27 November 2009. At no point in time may more than 10% of the registered share capital of the company be exceeded. The share buy-back is to be conducted through NORD/LB Norddeutsche Landesbank Girozentrale, Hanover. The registered share capital is made up of 7,380,000 denominated bearer shares and 20 denominated registered shares, comprising an arithmetical proportion of the registered share capital of EUR 2.60 per share respectively. The company currently holds 299,608 shares, which means that it may repurchase up to 438,392 shares in the share buy back programme now to be implemented. The price per share to be paid by the company (excluding extra acquisition charges) may not exceed or fall short of the stock-exchange quotation by more than 10.0 %. The respective authoritative stock exchange quotation is the share price of the company determined in XETRA trade on the Frankfurt Stock Exchange (or the follow-up system which replaces the XETRA system). The share buy-back is being conducted by Nord/LB. The bank will reach a decision on the point in time of acquisition of the company's own shares independently of the company and will not be influenced by the company on taking its decision. The repurchase of shares will be conducted in conformity with the provisions of § 20a of the WpHG (German Securities Trading Act) and with the German directive on defining the implementation of market manipulation prohibitions as well as on observation of the safe harbour regulations. About CeWe Color: Photo service company CeWe Color, with highly-technical production operations and a staff of around 3,000 employees in 24 European countries, is both market and technological leader. The company supplied around 2.8 billion photos, more than one million CEWE PHOTO BOOKS and photo gift articles to more than 50,000 retail partners in 2007. In 2007 turnover amounted to EUR 413.5 million. CeWe Color is 'first mover' in the launch of new digital technologies, for example ordering digital photos in the Internet or with the help of order terminals (DigiFoto Makers) in retail stores. Sales of personalised CEWE PHOTO BOOKS are developing extremely well. In 1961, CeWe Color was founded by Senator h.c. Heinz Neumüller and, with Hubert Rothärmel at the helm, the company went public in 1993. CeWe Color Holding AG is listed on the Prime Standard. Should you have any queries, please contact: CeWe Color Holding AG, Hella Hahm, Tel.: 0441 / 404 - 400 (Secretary: – 234) or 0171 / 34 50 530, Fax: 0441 / 404-421, email: hella.hahm@cewecolor.de, Internet: www.cewecolor.com 12.06.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: CeWe Color Holding AG Meerweg 30-32 26133 Oldenburg Deutschland Phone: +49 (0)441 40 4-1 Fax: +49 (0)441 40 4-42 1 E-mail: info@cewecolor.de Internet: www.cewecolor.de ISIN: DE0005403901 WKN: 540390 Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------