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

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