euro adhoc: Techem AG / Board of Directors (Appointments and Changes) / Walter Schmidt to leave Techem AG (E)

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Disclosure announcement transmitted by euro adhoc.
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Eschborn, 17 July 2003, Walter Schmidt (35), the Techem AG board
member responsible for finance, will leave the group at the end of
July 2003. Mr Schmidt informed the Techem AG Supervisory Board that
he would not be seeking an extension of his contract, which is due to
expire on 31 October 2004. There was complete agreement between the
Supervisory Board and Mr Schmidt in deciding to terminate the
employment relationship with effect from 31 July 2003. The
Supervisory Board and the senior management of the company regret the
departure of Mr Schmidt and express their thanks for cooperation that
was successful and marked by trust at all times.

To ensure continuity in the finance field, especially in the light of
the on-going cost-cutting program, Peter Wunderlich (43), head of
group controlling, will act as interim head of finance.

The Techem AG Supervisory Board will decide on the appointment of a
successor to replace Walter Schmidt as the board member responsible
for finance at its meeting on 12 August 2003.

Further inquiry note:
Anton Steiner-Holzmann
Head of Investor Relations
Tel.: +49 (0)6196 522 2838
E-Mail: anton.steiner-holzmann@techem.de
Tel: +49(0)6196 522 0
FAX: +49(0)6196 522 2957
Email: investor@techem.de

end of announcement        euro adhoc 17.07.2003
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Emittent: Techem AG
          Hauptstrasse 89
          DE-65760 Eschborn
Tel:      +49(0)6196 522 0
FAX:      +49(0)6196 522 2957
Email:    investor@techem.de
WWW:      http://www.techem.de
ISIN:     DE0005471601
WKN:      547160

Indizes: CDAX, Classic All Share, HDAX, MDAX, Midcap Market Index,
Prime All Share, Prime Standard
Börsen: official dealing Frankfurter Wertpapierbörse; free trade
Berliner Wertpapierbörse, Bayerische Börse, Hamburger
Wertpapierbörse, Bremer Wertpapierbörse (BWB), Börse Düsseldorf,
Baden-Württembergische Wertpapierbörse
Branche: Energy
Sprache: Englisch

OTS0128    2003-07-17/13:11

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