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03/24/2004

Vossloh to propose dividend increase to €1.30

Vossloh AG's Executive and Supervisory Boards will propose to the annual stockholders' meeting on June 3, 2004, a cash dividend of €1.30 (up by €0.10) per share. In terms of Vossloh's year-end stock price of €44.80, this is a yield of 2.9 percent.
(Note for journalists: Vossloh is profiling its 2003 performance at today's annual accounts conference in Düsseldorf. A detailed press report is downloadable starting from 10 AM at www.vossloh.com)

Werdohl, March 24, 2004

For more information contact: Christiane Konrad, Vossloh AG,
phone (+49-2392) 52-249