CeWe Color withdraws 600,000 treasury shares

CeWe Color Holding AG / Miscellaneous 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 Color withdraws 600,000 treasury shares Oldenburg, June 1, 2006 - The Supervisory Board of CeWe Color Holding AG (SDAX,ISIN DE0005403901), in its meeting of today's date, approved the withdrawal of 600,000 treasury shares (10.0 % of the share capital) as proposed by the Managing Board. CeWe Color Holding AG's share capital currently totals € 15.6 million, comprising 6.0 million no-par value shares. The 600,000 shares have an average acquisition price of € 24.27 and are owned by the company. Withdrawing the shares will reduce the share capital to € 14,040,052.00. Execution of the simplified withdrawal off treasury shares will be published by way of a separate notice in the Bundesanzeigcr (Federal Gazette) and the Frankfurter Allgemeine Zeitung. In addition, today's General Meeting authorized the Managing Board of CeWe Color Holding AG to buy back up to 540,000 treasury shares. The shares are designated for possible corporate acquisitions, the Stock option plan implemented in September 2005 (subscription volume: 199,500 shares) and for a further withdrawal. In addition, the Managing Board intends to propose a further resolution to the General Meeting on May 31, 2007 for authorization to acquire treasury shares. Optimization of financial structure The Managing Board intends to use these activities to optimize the financial structure of the photofinishing group, thus allowing shareholders to participate in a higher disbursement ratio over the long term. In addition, CeWe Color will engage a financial adviser to analyze and execute possible measures to optimize its financial structure. The equity ratio totaled 43.3 % on December 31, 2005. Noncurrent liabilities total € 40.3 million, and current liabilities total € 108.0 million. Change to Supervisory Board Andreas F. Schubert, chairman of the managing board of Carl Kühne KG (GmbH & Co.), Hamburg, has resigned his position as a member of CeWe Color Holding AG's Supervisory Board effective September 1, 2006. Mr. Schubert held his position on the Supervisory Board at the request of the Neumüller CeWe Color Foundation. The Board of Trustees and Managing Board of the Neumüller CeWe Color Foundation will name Andreas F. Schubert's successor in the near future. For any queries please contact: CeWe Color Holding AG, Hella Hahm, Tel.: +49 (0) 441 / 404 - 400 (Sec. - 234) or +49 (0)171/34 50 530, Fax: +49 (0) 441 / 404 - 421, eMail: hella.hahm@cewecolor.de, Internet: www.cewecolor.com DGAP 01.06.2006 ---------------------------------------------------------------------- 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 email: info@cewecolor.de WWW: www.cewecolor.de ISIN: DE0005403901 WKN: 540390 indices: SDAX Listed: Geregelter Markt in Berlin-Bremen, Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------