Announcement from the Board of Agfa-Gevaert

* Christian Reinaudo appointed as President Agfa HealthCare * Albert Follens appointed as Vice-President of the Agfa-Gevaert Group * Operational improvement first priority * Board committed to phased demerger Mortsel (Belgium) - As a result of the Board meeting earlier today, the Board of Directors of Agfa-Gevaert announced its decisions related to appointments in the Executive Committee and to the operational improvement and the demerger plans of the company. The Board has appointed Christian Reinaudo as President of the Agfa HealthCare business group and as member of the Executive Committee, effective January 1, 2008. Christian Reinaudo is 53 years old and of French nationality. He is a graduate from the 'Ecole de Physique et de Chimie Industrielles de Paris' and holds a doctorate from the University of Paris (France). He started his career with Alcatel in 1978. During this period, he has managed worldwide multi-billion Euro businesses and international sales and services organizations. Most recently he was Area President Europe and North for Alcatel - Lucent and responsible for managing the integration and transition process associated with the merger with Lucent Technologies. The Board fully supports the work of the management on operational improvement and has therefore appointed Albert Follens as Vice-President of the Executive Committee of the Agfa-Gevaert Group. In this role, he will support Jo Cornu, CEO, in restoring the company's operational performance. Related to this, the company is on track for realizing its objective of a net debt reduction of 75 to 100 million Euro in the fourth quarter. Furthermore, the Board of Directors confirms it commitment to the demerger in three independent companies as this is the best way to create shareholder value. A phased demerger is expected to take place in the course of 2008. At the same time, the Board also asked Jo Cornu, CEO, to actively look into the expressions of interest that the company recently received. Contact: Agfa-Gevaert Johan Jacobs Corporate Press Relations Manager tel. ++32 (0)3/444.8015 e-mail: Katia Waegemans Director Corporate Communication tel. ++32 (0)3/444.7124 fax. ++32 (0)3/444.7485 e-mail: