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IWKA's Chief Executive Officer

After executing the restructuring of the IWKA Group, Mr. Wolfgang-Dietrich Hein resigns from his position as CEO and Executive Board member and as labor director of IWKA Aktiengesellschaft as of December 31, 2006.

22 December 2006

The Supervisory Board thanks Mr. Hein for his efforts and for the successful restructuring of the IWKA Group.

The Supervisory Board has unanimously appointed Mr. Gerhard Wiedemann to the position of CEO and labor director, effective January 1, 2007. Mr. Wiedemann has been a member of the Executive Board of the company since April 1, 2006 and is in charge of the Systems Technology (Automotive) division, which is headquartered in Augsburg.

Karlsruhe, December 22, 2006

The Executive Board