For certain groups of employees of Wincor Nixdorf Group retirement benefit schemes are available. Schemes vary depending on the legal, economic and tax environments of the respective country. The greater part of them qualify as defined benefit plans.

The substantial pension scheme in Germany basically relates to pension commitments to current employees of WINCOR NIXDORF International GmbH and its former employees that have transferred to other German subsidiaries. The pension plan is based upon direct performance-related commitments. In fiscal 2005/2006, the German pension plan was changed from pension payments to a one-time pay-off, or payments in several installments. The alteration was continued in fiscal 2006/2007, and completed as of September 30, 2007. With the altered pension plan, every entitled employee receives, depending on individual pay-scale grouping, contractual classification or income level, a yearly contribution. The contribution is multiplied by an age factor appropriate to the current pension scheme and credited to the individual retirement account of the employee.

With regard to Wincor Nixdorf Group entities, the underlying actuarial assumptions (weighted average) are as follows:

In addition, life expectancy assumptions have been taken into account. For Germany, the 2005G Heubeck Tables were used. Pension valuation is based on Projected Unit Credit method.

In June 2006, Wincor Nixdorf created plan assets according to IAS 19 as part of a Contractual Trust Arrangement (“CTA”), by transferring assets to a registered association (Wincor Nixdorf Pension Trust e.V.). The association, as an independent pension fund, is entitled to the plan assets, which fund pension obligations to employees. Besides funding the CTA in the amount of €7,454k, in fiscal 2006/2007, further employer contributions were conducted to the plan assets amounting to €1,795k. For fiscal 2007/2008, employer contributions in the amount of €1,845k are expected.

Plan assets were invested in the following assets:

Plan assets do not contain any own financial instruments or real estate currently used by the company.

Expected return on plan assets is determined based on a weighted average of 5.8% (2005/2006: 4.7%) and shown within the functional cost headings. The actual return on plan assets was €8,122k (2005/2006: €2,652k).

The expected return on plan assets is derived from returns generated in the past and long-term expected returns of assets included in the plan asset.

Actuarial gains and losses and all other components of pension expenses are recorded immediately in the relevant year’s profit for the period in the functional cost headings. Interest costs are completely presented in the functional cost headings since fiscal 2006/2007. Before the funding of the German plan asset on July 1, 2006, interest costs of German subsidiaries had been presented in finance costs.

Experience adjustments comprise a gain on pension obligations in the amount of €2,410k and a loss on plan assets in the amount of €1,312k.

The personnel expenses of the fiscal year include expenses for defined contribution plans in the amount of €19,990k (2005/2006: €21,082k). Included are expenses of subsidiaries in Belgium, the Netherlands and Sweden for so-called multi-employer plans. According to IAS 19, these plans have to be treated as defined benefit plans. Since the required information of the plans is not available, the plans are treated as defined contribution plans.

As of September 30, 2007, the pension plan was over-funded by €12,655k (2005/2006: €1,851k). The amount is presented under other non-current assets.