Dräger plans IT outsourcing partnership with Cap Gemini Ernst & Young

Lübeck to become central location for IT center network in Northern Germany

Berlin/Lübeck, November 27, 2003 - Lübeck-based Drägerwerk AG intends to establish an outsourcing partnership with the management and IT consulting company Cap Gemini Ernst & Young Deutschland GmbH. Within the scope of this partnership, Cap Gemini Ernst & Young will acquire the IT subsidiaries Nordac Rechenzentrumsgesellschaft mbH (data center operation) and Dräger Synematic GmbH (IT consulting) in Lübeck, and Dräger Information Technologies GmbH (operation of hospital information systems) in

Berlin.

On November 27, 2003, the business partners signed a memorandum of understanding. The details of the agreement will be finalized in the coming weeks. The order volume adds up to a three-digit million Euro-amount. The partners aim at a long-term, global partnership. They agreed to keep the acquisition price and further details confidential.

In the future, Cap Gemini Ernst & Young will provide the IT services for the Dräger group. The 230 IT employees of the three Dräger IT subsidiaries will be taken over by Cap Gemini Ernst & Young. Cap Gemini Ernst & Young offers the IT companies and their employees a clear perspective as service providers in the areas IT infrastructure operation, IT application management, and IT projects. "Lübeck will then become the central location of the Cap Gemini Ernst & Young center network in Northern Germany," says Ulrich Prädel, Vice President of the Outsourcing Division Central Europe at Cap Gemini Ernst & Young.

"With this step, the Dräger group will further focus on technology for life, namely the core competencies medical technology and safety technology. At the same time, their increasingly global business processes will thus receive a powerful IT partner able to meet the present and future IT requirements of the group on a global scale," states Stefan Dräger, board member responsible for corporate matters in the Dräger group, and IT outsourcing project manager.

Cap Gemini Ernst & Young

The Cap Gemini Ernst & Young Group is one of the world's largest providers of Consulting, Technology and Outsourcing services. The company helps businesses implement growth strategies and leverage technology. The organisation employs approximately 50,000 people worldwide and reported 2002 global revenues of 7.047 billion euros. More information about individual service lines, offices and research is available at www.cgey.com.

Dräger group

The Dräger group is a world leader in the areas medical and safety technology. The company is headquartered in Lübeck. Besides production sites in Germany, Australia, China, UK, India, the Netherlands, Sweden, and the US, Dräger is represented by service and sales offices in over 190 countries. In 2002, approx. 10.000 employees realised world group revenues of Euro 1.3bn. Quoted at the stock exchange since 1972, the Dräger share is now listed in the TecDax.

6 % of the revenues are invested in R&D every year. For more information, please visit www.draeger.com.

Cap Gemini Ernst & Young Director Communications &

Marketing Central Europe:

Neues Kranzler Eck Thomas Becker

Kurfürstendamm 21 Tel.: +030/88703-730

10719 Berlin Fax: +030/88703-739

E-Mail: thomas.becker@cgey.com

Drägerwerk AG Head of Corporate Communications:

Moislinger Allee 53-55 Dr. Welf Böttcher

23542 Lübeck Tel.: +49 451 882 2201

Fax: +49 451 882 3944

E-Mail: welf.boettcher@draeger.com