Baldwin Amends Credit Agreement

Baldwin Technology Company, Inc. (NYSE Amex: BLD), a global leader in process automation technology for the printing industry, today announced that it has negotiated an amendment and waiver to its credit facility with Bank of America.

Vice President and Chief Financial Officer Ivan R. Habibe said, “We are pleased to have worked with our lending partners to reach this mutually satisfactory agreement. We have jointly established new appropriate covenant targets extending through the remainder of the term of the credit facility.”

Baldwin President and CEO Mark Becker added, “We were able to demonstrate to our lenders that Baldwin is on track to successfully refinance its existing credit facility prior to its maturity in November. The combination of recent changes in our global organization structure, restructuring steps already taken and continued improvements in our order trends bodes well for Baldwin’s future with a much improved business model.”

The Company will include the Waiver and Amendment as an exhibit to its Form 10-Q for the third quarter, which it plans to complete and file no later than May 23, 2011.

About Baldwin

Baldwin Technology Company, Inc. is a leading global supplier of process automation equipment and related parts and consumables for the printing and publishing industries. Baldwin offers its customers a broad range of market-leading technologies, products and systems that enhance the quality of printed products and improve the economic and environmental efficiency of printing presses. Headquartered in Shelton, CT, the Company has operations strategically located in the major print markets and distributes its products via a global sales and service infrastructure. Baldwin’s technology and products include cleaning systems, fluid management and ink control systems, web press protection systems, drying and curing systems and related consumables. For more information, visit http://www.baldwintech.com

Cautionary Statement

Certain statements contained in this news release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties are detailed in the Company's periodic filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. The Company undertakes no obligation to update any forward-looking statements contained in this news release.

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