Performance of the Eichhof Group in fiscal 2007-08

Datacolor – is set to achieve sustainable growth as an independent listed company

In fiscal 2007-08 the Eichhof Group's color management company was geared systematically to the requirements facing an independent, exchange-listed company. Structures, processes and costs were streamlined and adapted to the difficult economic environment. Moreover, the Datacolor Executive Committee was strengthened with the addition of younger members. From 1 January 2009, senior management at Datacolor will comprise:

Albert Busch, born 1967, Chief Executive Officer (new) Stefan Dobler, born 1972 Chief Financial Officer (new) Terry Downes, born1945, Chief Business Development Officer (new) Brian Levey, born 1957, Vice President Industrial Business Unit (new) Christoph Gamper, born 1970, Vice President Consumer Business Unit (new) Doris Brown, born 1958, Vice President Marketing Gary Brennan, born 1962, Director Human Resources vacant, Vice President Operations vacant, Chief Technology Officer

Subject to approval by shareholders, Eichhof Holding AG will be renamed Datacolor AG after the 2009 General Meeting, and the group's management functions will be integrated into Datacolor AG. After the General Meeting, Eichhof's Chairman and CEO Werner Dubach will act as Chairman and, together with the current members of the Board of Directors of Datacolor AG, will oversee the implementation of a growth strategy for Datacolor. Stefan Dobler will take up his new post on December 2, 2008. Until the General Meeting on January 15, 2009 he will continue to be in charge of the finance division at Eichhof Holding AG.

Despite turbulence on the market, Datacolor continued to expand in 2007-08 Datacolor achieved net sales of CHF 72.6 m in fiscal 2007-08. EBIT came to CHF 3.6 million, with an EBIT margin of 5 percent. Excluding the provision of CHF 0.9 m set aside for the reorientation and preparation of Datacolor to meet the requirements imposed on an independent company that focuses on color management and is listed on Swiss Exchange, the EBIT margin came to 6.2 percent. EBIT was influenced significantly by extraordinary factors such as the cyclically induced decline in sales, renewed high marketing investments mainly for the launch of the new Datacolor Spyder3 product line, one-off costs for commissioning the new, high-performance operating and production facility in Suzhou, China, and costs for rolling out the new ERP software.

Following the reorganization of Datacolor, the Board of Directors took the above- mentioned organizational and staff-related steps and implemented a number of cost- cutting measures in order to at least maintain profitability in the currently very difficult economic environment. In the medium term, it is expected that Datacolor will achieve substantial and sustainable growth with its dynamic organization, rejuvenated and strengthened Executive Committee and thanks to the financial resources accruing from the sale of the real estate portfolio. It plans to achieve this by means of targeted acquisitions and the consistent exploitation of its global market potential and considerable innovative force.

The Eichhof Group in the transition year 2007-08 Owing to the various extraordinary factors resulting from the sale of the beverage business to Heineken and the auction conducted to sell the real estate portfolio, it is not possible to make a meaningful comparison with the previous year. The continuing operations – consisting of Datacolor and Group management functions – generated consolidated net sales of CHF 72.2 million in the year under review. EBIT came to CHF 1.7 million, resulting in an EBIT margin of 2.4 percent. The high extraordinary costs relating to the Group's reorientation impacted considerably on the result.

Factoring in the discontinued beverage and real estate business, the consolidated net profit came to CHF 186.9 m. This comprises the consolidated net income of the continuing operations at CHF -2.6 million, book gains of CHF 180.7 million from the sale of Eichhof Beverage, as well as the profits of the discontinued activities of Eichhof Beverage at CHF 9.5 million and Eichhof Real Estate at CHF -0.7 million. Despite the difficult operating conditions and after the takeover bid from Heineken in April, the discontinued beverage business performed well in the eleven months up to its sale at the end of August, generating net sales of CHF 192.5 m. EBIT came to CHF 12.4 million, giving an EBIT margin of 6.5 percent. Eichhof Real Estate also performed well. Rental income increased substantially to CHF 5.6 m as a result of the purchase of two new investment properties acquired last autumn. At the same time, the occupancy rate was increased, thanks to a good tenant mix. Maintenance and administration expenses rose to CHF 1.9 million on account of the large number of investment projects and costs in connection with the sale of the real estate portfolio. Eichhof Real Estate generated an EBIT of CHF 1.0 million in fiscal 2007-08.

2009 General Meeting At the General Meeting on January 15, 2009 the Board of Directors of Eichhof Holding will propose to shareholders that Eichhof Holding AG be renamed Datacolor AG and will also propose a dividend of CHF 30 per share.