U.S. Disclaimer - Unsponsored ADR (American Depository Receipt)

An ADR (American Depositary Receipt) is a negotiable receipt, similar to a stock certificate, that is issued by a U.S. bank or depository to evidence an ordinary share of a non-U.S. issuer that has been deposited with the U.S. bank or depository. ADRs permit a U.S. investor to purchase in a U.S. market an interest in a non-U.S. issuer's securities. Effective October 10, 2008, the United States Securities and Exchange Commission allows depository institutions or banks to establish ADR programs without the participation or permission of a non-U.S. issuer (a so-called "Unsponsored ADR") based on a reasonable, good faith belief that the non-U.S. issuer publishes certain information in English on its website. An ADR program which is unsponsored is set up without the non-U.S. issuer's cooperation or even its consent.

Wincor Nixdorf AG does not authorise, support or encourage the creation of unsponsored ADR facilities in respect of its securities and in any event disclaims any liability in connection with any unsponsored ADR program.

Wincor Nixdorf AG does not represent to any depository institution, bank or anyone else nor should any such entity rely on the belief that the website of Wincor Nixdorf AG includes all published information in English, currently, and on an ongoing basis, required to claim an exemption under U.S.Exchange Act Rule 12g3-2(b). Nor should any despitary institution, bank or anyone else rely on a belief that the website of Wincor Nixdorf AG publishes all such information.

 
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