W.O.M. World of Medicine AG

euro adhoc: W.O.M. World of Medicine AG
Board of Directors (Appointments and Changes)
W.O.M. WORLD OF MEDICINE AG reduces size of Executive Board (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- (Ludwigsstadt, November 3, 2003) W.O.M. WORLD OF MEDICINE AG reduces the size of its Executive Board from six to three members. The founder of the company, Mr. Peter P. Wiest, will continue to act as President/CEO. Dr. Clemens Scholz will serve as Chief Operating Officer and Mr. Michael Ott will continue as WORLD OF MEDICINE´s Chief Financial Officer. The previous Board Members Jörg Baffy-Schättler and Carl-Christian Thier will continue to lead their respective departments. The previous Board Member Peter Hammerschmidt will leave the company. The areas of responsibility of the previous Board Members will be integrated into the new management structure. After implementation of cost saving measures of EUR 3.5 million per year, the restructuring of the Board of the company is a further step of WORLD OF MEDICINE to streamline its operations and to achieve its goal of significant improvements of its financial results. The Executive Board end of announcement euro adhoc 03.11.2003 --------------------------------------------------------------------- Further inquiry note: contact: Stefanie Gehrke (IR/PR), stefanie.gehrke@womcorp.com, Tel: +49 30 / 39981 566 Branche: Pharmaceuticals ISIN: DE0006637390 WKN: 663739 Index: CDAX, Prime All Share, Prime Standard, Technologie All Share Börsen: Frankfurter Wertpapierbörse / regulated dealing Niedersächsische Börse zu Hannover / free trade Berliner Wertpapierbörse / free trade Bayerische Börse / free trade Hamburger Wertpapierbörse / free trade Bremer Wertpapierbörse (BWB) / free trade Börse Düsseldorf / free trade Baden-Württembergische Wertpapierbörse / free trade

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