Performance of Wincor Nixdorf stock compared to the MDAX and the
MSCI World Index for the period October 1 through December 31, 2005:

After relatively weak performance in October 2005, the German stock market continued its positive full-year trend during the first three months of fiscal 2005/2006. After strong rises towards the end of the previous quarter, Wincor Nixdorf shares dropped a disproportionately large amount during this phase of stock market weakness before recovering to gain even higher ground as the quarter progressed. While the MDAX rose 2.9% during the period under review, shares in Wincor Nixdorf AG improved 11.7%, reaching their post-IPO high of € 91.00 in December and ending the period at € 89.37.