Press Release

Basel, 01 July 2003

Management changes at Jungbunzlauer

Basel, July 1st, 2003 – Effective July 1st, Dr Hans-Joerg Gress, formely group COO, has been appointed Chief Executive Officer of Jungbunzlauer Group. Dr Rolf Soirons term as Managing Director (Delegierter des Verwaltungsrates) of Jungbunzlauer Holding AG has expired per June 30, 2003. Mr Soiron will remain on Jungbunzlauer's Board as non executive member.

As of July 1st, Heinrich Schaefer takes over as Vice President Sales of Jungbunzlauer worldwide, reporting to the CEO. Dr Stefan Radi, formerly VP Sales, acts as Co-President of Jungbunzlauer Austria responsible for the commercial, financial and administrative tasks of the Austrian companies.