Giesecke & Devrient Halts Deliveries to the Reserve Bank of Zimbabwe

    MUNICH, Germany, July 1 /CNW/ - The Management Board of Giesecke &
Devrient GmbH, Munich, today decided to cease delivering banknote paper to the
Reserve Bank of Zimbabwe with immediate effect.
    The company has taken this step in response to an official request from
the German government and calls for international sanctions by the European
Union and United Nations.
    "Our decision is a reaction to the political tension in Zimbabwe, which
is mounting significantly rather than easing as expected, and takes account of
the critical evaluation by the international community, German government and
general public," explains Dr. Karsten Ottenberg, Chairman of the Management
Board and CEO of Giesecke & Devrient GmbH.
    In delivering banknotes and banknote paper, Giesecke & Devrient is
subject to strict rules defined by the World Bank. The company continues to
rely on the political and moral assessment provided by international trade

    About Giesecke & Devrient:

    Giesecke & Devrient (G&D) is a technology leader in the field of smart
cards, providing smart card-based solutions for telecommunications, electronic
payment, healthcare, ID, transportation, and IT security (PKI). G&D is also a
leading producer of banknotes and security documents and is dominant in the
field of currency automation. Based in Munich, Germany, the G&D Group
maintains subsidiaries and joint ventures around the world. In fiscal 2007,
the Group employed close to 9,000 people and generated revenue of almost
EUR1.5 billion.
    For more information, visit our website at

    Barbara Kogler, Group Vice President Corporate Communications
    Phone: +49-89-4119-3025, Fax: -1208

    Heiko Witzke, Head of Media Relations
    Phone: +49 89-4119-2422, Fax: -1208

    Giesecke & Devrient GmbH
    Prinzregentenstrasse 159, 81607 Munich, Germany

For further information:

For further information: Barbara Kogler, Group Vice President Corporate
Communications, Phone: +49-89-4119-3025, Fax: -1208, E-Mail:; Heiko Witzke, Head of Media Relations, Phone: +49
89-4119-2422, Fax: -1208, E-Mail:; Giesecke & Devrient
GmbH, Prinzregentenstrasse 159, 81607 Munich, Germany,

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