GESCO AG

euro adhoc: GESCO AG
Dividend Announcements
GESCO AG: 40 % increase in dividend (E)

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

Wuppertal, 24 May 2004 - The Supervisory Board and Executive Board of Prime Standard listed holding company, GESCO AG, resolved in their meeting today to propose a dividend of EUR 0.70 per share for financial year 2003/2004 (01.04.2003-31.03.2004) to the Annual General Meeting on 9 September 2004. This represents an increase of 40% on the previous year (EUR 0.50).

On the current share price level, the GESCO share offers a dividend yield of 4,2 %. Although the share price has risen by 84 % in the year under review, GESCO AG thereby continues to offer a high dividend yield. In financial year 2003/2004, the GESCO share has outperformed Benchmark SDAX (+70%).

The annual financial statements for financial year 2003/2004 and planning for financial year 2004/2005 will be presented by the Executive Board at the Annual Accounts Press Conference to be held on 24 June 2004.

end of announcement            euro adhoc 24.05.2004
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Further inquiry note: Oliver Vollbrecht Leiter Investor Relations T.: +49(0)202 24820 18 info@gesco.de

Branche: Economy, Business & Finance
ISIN:      DE0005875900
WKN:        587590
Index:    CDAX, Classic All Share, Prime All Share, Prime Standard
Börsen:  Börse Düsseldorf / official dealing
              Frankfurter Wertpapierbörse / official dealing
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade



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