Heidelberg Presents Figures for First Six Months

Additional transfer of funding to Heidelberg Pension Trust e.V.
Thanks to an additional funding of 50 million Euro, Heidelberg was able to reduce pension provisions in its balance sheet as at September 30, 2006 to 148 million Euro. At the end of the first half year 2006/07, the Heidelberg pension fund totaled around 520 million Euro. The Management Board, as already reported, had decided back in February 2006 to transfer the funding of pension obligations for existing and retired employees through a Contractual Trust Arrangement (CTA).