Stock


Performance of Wincor Nixdorf stock compared to MDAX (Performance Index), MSCI World and DJ Stoxx 600 for the period from October 1, 2006, to March 31, 2007:

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Share price data 1)

 

in €

Opening price (Xetra) October 2, 2006

 

57.62

High between October 2006 and March 2007 (Xetra)

 

73.48

Low between October 2006 and March 2007 (Xetra)

 

50.75

Closing price (Xetra), March 30, 2007

 

69.76

Market capitalization, March 30, 2007 2)

 

€ 2,308m

 

1) Price data adjusted after capital increase, executed on March 22, 2007, through issuance of shares in a ratio of 1:1

 

2) including treasury shares

The German stock market recorded a very solid performance in the first three months of 2007, thus maintaining the level of forward momentum seen in the preceding quarter. At the end of February, both the German stock market and its international counterparts had to contend with a severe slump when market volatility emanating from China prompted market corrections around the globe. However, by the end of the period under review the German stock market had recovered to a large extent.

Wincor Nixdorf‘s stock experienced significant gains toward the end of March. The share price was propelled upward by 21.1% since the beginning of October 2006, thus outperforming the market as a whole during this period (MDAX Performance Index +19.4%). In March, the Company‘s stock reached €73.48, its highest level since IPO. Wincor Nixdorf‘s share price at the end of the period under review stood at €69.76.

AGM and capital measures. Shareholders attending the Annual General Meeting of Wincor Nixdorf AG in Paderborn, Germany, on January 29, 2007, represented over 58% of the Company‘s voting rights. All resolutions on the agenda were passed with large majorities. Among other items, the Annual General Meeting of Shareholders passed a resolution for the Company‘s capital stock to be doubled, out of company reserves, through the issuance of new shares. The capital increase came into effect upon entry in the Commercial Register on March 14, 2007, and was executed on March 22, 2007, through the issuance of new shares in a ratio of 1:1. Thus, each shareholder in possession of shares in the Company after the close of the stock exchange on March 21, 2007, was allocated one new share for each share held (”bonus share“). This allocation took place on March 22, 2007. The capital increase was aimed at reducing the share price to an investor-friendly level and thus making Wincor Nixdorf shares more tradeable. Following the capital increase through the issuance of new shares, the Company‘s share capital has risen from €16,542,494 to €33,084,988.

Additionally, the Annual General Meeting of Shareholders agreed to raise the dividend to €2.80, which was distributed on January 30, 2007. This corresponds to a year-on-year increase of 33% (previous year: €2.10).

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 via the stock exchange. The stock buy-back program was completed on January 12, 2007. In total, 166,390 shares were repurchased at an average price of €117.05 per share. After the capital increase through issuance of shares in a ratio of 1:1 on March 22, 2007, this corresponds to 332,780 shares and an average purchase price of €58.52 per share.

On March 14, 2007, the Board of Directors of Wincor Nixdorf AG passed a resolution for the repurchase of up to 185,000 of the Company‘s shares (equivalent to 370,000 shares after the stock split) via the stock exchange as from March 15, 2007. The resolution is based on the corresponding authorization issued by the Annual General Meeting of Shareholders for the repurchase of own equity instruments. By the end of the period under review, 63,448 own equity instruments had been repurchased at an average price of €64.09 per share.

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.