Performance of Wincor Nixdorf stock compared to the MDAX (Performance-Index), MSCI World and DJ Stoxx 600 for the period October 1, 2006 through December 31, 2006:

The German stock market recorded a very solid performance in the first three months of fiscal 2006/2007, thus maintaining the level of forward momentum seen in the preceding quarter. In contrast, Wincor Nixdorf‘s share price receded over the course of Q1, before finally clawing its way back toward the end of the quarter under review. Overall, Wincor Nixdorf stock failed to match market performance. While the MDAX Performance Index rose by 10.0% in the period under review, the price of shares in Wincor Nixdorf AG only managed to make gains of 2.3%. In October, the Company‘s shares reached a quarterly high of €119.39. Wincor Nixdorf‘s share price at the end of the period under review stood at €117.86.

Stock buy-back. On December 20, 2006, the Board of Directors of Wincor Nixdorf AG passed a resolution for the repurchase of up to 166,390 of the Company‘s shares (constituting up to 1.01% of the current capital stock) via the stock exchange. The resolution is based on the corresponding authorization issued by the Annual General Meeting of Shareholders for the repurchase of own equity instruments in an amount of up to 10% of capital stock. The repurchased shares are to be used for the purpose of settling obligations arising from share options already issued or to be issued to members of the Board of Directors, other managers or staff members. By the end of the period under review, 51,346 own equity instruments had been repurchased. Between December 20, 2006, and January 12, 2007, 166,390 shares were bought at an average price of €117.05. This concludes the share repurchase program.

Planned capital measures. The Board of Directors and the Supervisory Board have decided to propose to the AGM taking place on January 29, 2007, that the Company‘s capital stock be doubled by using Company reserves through the issuance of new shares. Shareholders are to receive, without payment, one additional share for each share held (bonus share). This corresponds to a stock split in a ratio of 1:2. The issuance of bonus shares is aimed at lowering the current price of Wincor Nixdorf shares. Reducing the share price to an investor-friendly level will make Wincor Nixdorf shares more tradeable.

As part of this measure, a proportion of appropriated additional paid-in capital is to be converted into unallocated additional paid-in capital. This is to be implemented by means of a capital increase out of Company reserves followed by an ordinary reduction of capital. The measures are required by law in order to make the capital reserve (i.e. additional paid-in capital) of Wincor Nixdorf AG available for future distributions of profits.