New Managing Director for E.C.H. Will

Mr. Aarestrup will assume the tasks formerly handled by Bruno Posset and Frank-Uwe Schulz. Mr. Posset has been offered a new management position within the Körber Group. Mr. Schulz has decided to leave the Group to pursue new opportunities. Since August 2002, Mr. Aarestrup has been a Member of the Executive Committee at Gallus Ferdinand Rüesch AG, a manufacturer of label printing machines in St. Gallen, Switzerland. In this position he was responsible for marketing, sales and product management group-wide. Mr. Aarestrup is Danish. He is married and has two children. After leaving Denmark in 1995, he has lived and worked in Singapore, Malaysia, Thailand, Germany and Switzerland. Körber PaperLink – Specialist for Machinery and Services for the Paper, Tissue and Absorbent Hygiene Industry Körber PaperLink GmbH, located in Hamburg, Germany, is a Holding that brings together a group of internationally operating Companies specialized in the manufacture of machinery for the paper, tissue and absorbent hygiene industries. Each of these Companies/Brands, namely E.C.H. Will, SHM, Kugler-Womako, Pemco, Wrapmatic, Fabio Perini, Green Bay Engineering, Diatec, KPL Packaging, Casmatic, Körber Engineering Shanghai and Winkler+Dünnebier, has a specific core expertise. The KPL portfolio covers production lines for cut-size and folio-size papers, stationery items and security documents as well as tissue and hygiene products. The range also comprises packaging lines for cut-size, folio-size reams and tissue products. Through the synergies deriving from the expertise that each Company contributes to the Group, Körber PaperLink is able to offer its Customers comprehensive and perfectly matched System Solutions from a single source. Körber PaperLink is active with marketing, sales and service offices in Europe, North America, South America and Asia.