OCI N.V. — Capital/Financing Update 2005

Oct 31, 2005

Océ Press Release

Océ N.V.

Océ announces effects of application of IFRS

Main points:

• Income up to and including the third quarter of the 2005 financial year in substance unchanged
• Total equity at December 1, 2004 reduced by € 69 million
• No impact on free cash flows
• IFRS standards for financial instruments to be applied as from December 1, 2005
• Reporting: ‘Océ IFRS based reporting up to and including third quarter of financial year 2005’ now available on http://www.investor.oce.com

Today Océ announced the pro forma effects of converting from Dutch Generally Accepted Accounting Principles (Dutch GAAP) to International Financial Reporting Standards (IFRS). This relates to the financial information as from December 1, 2004 (the IFRS transition date that is valid for Océ) and the subsequent three quarters of the 2005 financial year, ending on August 31, 2005. The IFRS accounting principles for financial instruments will be applied for the first time as from December 1, 2005. These primarily relate to financing preference shares and minority interest, which are to be classified as liabilities under IFRS. Océ is currently negotiating on revised conditions of these financial instruments which may result into an equity classification under IFRS.

Up to and including the third quarter of the 2005 financial year net income under IFRS is € 0.1 million higher than under Dutch GAAP. Future results under IFRS may become more volatile because of changes in assets and liabilities shown at fair value and due to the change from the straight-line amortisation of capitalised goodwill (supplemented by impairment testing) to a system of impairment testing only.

Total equity on the basis of IFRS as at December 1, 2004 has been reduced by € 69 million due to a change in the valuation of pension obligations (€ 65 million) and option plans (€ 4 million).

The level of free cash flow remains unchanged after the conversion to IFRS.

Océ N.V.

P.O. Box 101, 5900 MA Venlo, the Netherlands

Telephone #31 77 359 2240

Océ investor information on Internet: http://www.investor.oce.com

Océ

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Press Release Océ N.V.

In March 2006 Océ will announce pro forma financial information for comparison purposes adjusted for the application of IFRS for the full 2005 financial year (ending on November 30, 2005). This will also include the effect of applying the IFRS reporting standards for financial instruments as at December 1, 2005.

The consequences of the application of IFRS on net income and cash flows for the first three quarters of the financial year 2005 are very limited. Group equity reduces mainly due to a change in the valuation of pension obligations.

The figures included in this press release are preliminary and unaudited.

October 31, 2005 Océ N.V. Venlo, the Netherlands

For further information:

Océ N.V. Pierre Vincent Senior Vice President Investor Relations Venlo, the Netherlands Telephone +31 77 359 2240 E-mail investor@oce.com

Océ October 31, 2005 Page 2