Performance of Wincor Nixdorf stock compared to the MDAX (Performance Index)
and the MSCI World Index for the period October 1, 2005 through June 30, 2006:

In April 2006 the German stock market initially continued the positive trend seen in previous months. In May 2006 the international stock markets, and in particular German mid-cap stocks, underwent significant correction against the backdrop of inflation fears. After reaching a post-IPO high of € 122.31 at the beginning of May, the Wincor Nixdorf share price fell to levels below € 90 at times before recovering to just short of € 100 at the end of the period under review. Despite the significant fall in May and June, the Wincor Nixdorf share price grew 24.9% during the period under review, beating the MDAX Performance Index which rose 11.0%.