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Ad hoc: Change in the Board of Management at HORNBACH HOLDING AG - Reinforcement of Management at HORNBACH Baustoff Union GmbH.

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| April 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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Ad-hoc announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ NEUSTADT / Weinstrasse, 04.01.04. Organizational changes taking effect as of April 01. 2004 are expected to reinforce the management team of HORNBACH Baustoff Union GmbH (HBU), a wholly-owned subsidiary of HORNBACH HOLDING AG. These measures are aimed at achieving ongoing improvements in the earnings generated by HBU, thereby enabling the company to do justice to the high level of expectations placed in it.

The first such change involves Eduard Zimmerle, Deputy Chairman of HORNBACH HOLDING AG, taking over with ...

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