DGAP-Adhoc: Joachim Gut is leaving Balda AG / Dr. Dirk Eichelberger sole member of the Board of Directors and CEO in the future

Balda AG / Change of Personnel

19.12.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Bad Oeynhausen, December 19, 2008 – Joachim Gut is to resign as CEO of
Balda AG, listed in the Prime Standard of the Frankfurt Stock Exchange, as
of year-end 2008. CFO Dr. Dirk Eichelberger will lead the Group as CEO and
sole Board of Directors’ member in the future.

Joachim Gut joined Balda’s Board of Directors, a company producing plastic
and electronic products for communications and media entertainment
hardware, on June 1, 2003. On October 14, 2003 he assumed the position as
CEO. Joachim Gut in particular pressed ahead with the international
positioning of the Group. He pursued the expansion of the Chinese
production plants with determination. By entering the touch screen
technology business in 2006 he opened up a new technological dimension for
the Group headquartered in East Westphalia. He had the electronic products
development centre in Malaysia successfully extended. His departure has to
be seen against the background of the new positioning of the company after
the reduction of its holding in touch screen producer TPK, the focussing on
plastic and electronic products and the decision of the Supervisory Board
to downsize the Board of Directors. The separation took place amicably. The
Supervisory Board of Balda AG explicitly would like to thank Joachim Gut
for his commitment to the Group.

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Information and Explaination of the Issuer to this News:

Company profile Balda AG
The Balda Group develops and produces highly integrated devices comprising
plastic and electronic components, primarily for the telecommunications
sector. In addition, the company manufactures high-tech components such as
headphones and hands-free sets.

The future is derived from past experience. Balda has developed an active
culture of continuous transformation through the traditions established
within the hundred years of its existence. Since its founding, innovation
and technology have been the significant driving forces of progress and the
guarantors of corporate success. Today, Balda is an internationally
positioned high-tech company with innovative products and a high
performance capacity.

Balda AG, which is registered in the Prime Standard on the German Stock
Exchange, services international brand-name clients in the mobile
telecommunications sector, medical technology and other similar markets.
The Group produces close to its customers’ locations in the expanding
growth markets. With four production facilities, the Group has a strong
position in China and Malaysia. Plants in Brazil and India, as well as the
facility in Germany for Balda Medical, underline the Group’s international
focus. Within the framework of a shareholding in a leading producer of
touch screens in China, Balda is participating in the dynamic development
in the touch-sensitive display sector.

The vision was and is clear: Balda will strengthen its technological
innovations potential and further expand in the promising growth regions of
Asia. Balda will thus achieve the conditions for profitable growth and a
sustainable increase in added value.

* * *

This ad hoc announcement includes 'forward-looking statements' which are
based on the current expectations of the management of Balda. They are
subject to risks and uncertainty because they relate to events and depend
on circumstances that will occur in the future, such as, for example,
developments in the mobile communications industry, changes in technology
and the ability to timely and successfully develop new products and various
other factors. Balda does not undertake any obligation to update publicly
or revise forward-looking statements except to the extent legally required.

This ad hoc announcement is not an offer of securities for sale or a
solicitation of an offer to purchase securities in the United States or
elsewhere. The shares in Balda AG (the 'Shares') may not be offered or sold
in the United States or to or for the account or benefit of U.S. persons
(as such term is defined in Regulation S under the U.S. Securities Act of
1933, as amended (the 'Securities Act')) unless registered under the
Securities Act or pursuant to an exemption from such registration. The
Shares have not been and will not be registered under the Securities
Act.

If you have any questions please contact: Balda AG, Clas Röhl, Phone: +49
5734 922 2728, Fax: +49 69 710456450. Email: croehl@balda.de, Internet:
www.balda.de


DGAP 19.12.2008 
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Language:     English
Issuer:       Balda AG
              Bergkirchener Str. 228
              32549 Bad Oeynhausen
              Deutschland
Phone:        +49 (0) 57 34 / 9 22-0
Fax:          +49 (0) 57 34 / 9 22-2747
E-mail:       info@Balda.de
Internet:     http://www.balda.de
ISIN:         DE0005215107
WKN:          521510
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
End of News                                     DGAP News-Service
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