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400 shareholders at annual meeting in Stuttgart

06/09/2004

About 400 shareholders attended Dürr AG's 15th regular annual meeting today at the Liederhalle Cultural and Congress Center in Stuttgart.

It was resolved at the annual shareholders' meeting that no dividend would be paid, against the background of negative consolidated results for fiscal 2003. However, Dürr AG CEO Stephan Rojahn emphasized: "In view of the measures introduced in the framework of the SPRINT SQUARE earnings enhancement program, we are confident we will be able to resume paying dividends in the future and our shareholders will participate in the company's success." SPRINTS SQUARE already showed its effectiveness in the first quarter. With earnings before taxes of Euro 4.3 million (first quarter of 2003: Euro -14.5 million), the Dürr Group returned to the profit zone, after finishing fiscal 2003 with earnings before taxes of Euro -6.9 million under the influence of restructuring expenses.

Dr. Hans Michael Schmidt-Dencker, Speaker of the Management Board of BWK GmbH Unternehmensbeteiligungsgesellschaft (Stuttgart), was elected at the annual meeting to serve as the shareholders' Supervisory Board member. He succeeds Dr. Heinz-Gerd Stein, who departed Dürr AG's Supervisory Board at the conclusion of the annual meeting.

The annual meeting also approved with large majorities all the other proposals made by the Board of Management and the Supervisory Board. Ernst & Young AG Wirtschaftsprüfungsgesellschaft (Stuttgart) has again been appointed auditor for fiscal 2004.

Large parts of the Dürr annual meeting were again broadcast live on the internet. Documents pertaining to the meeting may be downloaded at www.durr.com.

The Dürr Group is one of the world's leading suppliers of production systems and manufacturing support services for the automotive industry. In fiscal 2003, Dürr achieved sales of about Euro 2.3 billion with about 12,750 employees.