(31/05/2004) AGFA analyses business model options for Consumer Imaging

May 31, 2004 Mortsel (Belgium), May 31, 2004 - In view of the uncertainties characterizing the markets of Consumer Imaging, Agfa-Gevaert already previously announced that it intends to run Consumer Imaging as a separate unit, enabling it to react with maximum flexibility to the rapidly changing market circumstances. This intended carve out of Consumer Imaging will follow the usual procedures of information and consultation of the social partners, which will start in the coming weeks. The perspectives for film are particularly subdued because of the accelerating transition to digital photography. The prospects for Lab Equipment and photo-paper, however, are more positive as consumers continue to demand high quality prints of digitally taken pictures. The recent successful introduction of the digital wholesale lab and the minilab d-lab.1, for which a significant order book exists, confirms this diagnosis. Consequently, a detailed analysis of how to structure the business model in order to assure a cash generative activity has started. As part of this, all strategic options available are analyzed, an exercise for which Goldman Sachs is acting as an advisory bank. Agfa-Gevaert expects this analysis to be concluded by the end of the summer. Any choice will be based upon the best interests of customers, staff and shareholders. end of message - Contact : Agfa-Gevaert . Anne Vleminckx Director Corporate Communication tel. ++32 (0)3/444.5927 . Johan Jacobs, Corporate Press Relations Manager T +32 3 444 80 15 F +32 3 444 74 85 E johan.jacobs@agfa.com - Agfa Press Office Septestraat 27 B - 2640 Mortsel - Belgium © CompanynewsGroup