Performance of Wincor Nixdorf Shares compared to MDAX and MSCI World:

Ending the fiscal year at €58.00, Wincor Nixdorf’s shares were just 0.7% up on the opening price of October 2, 2006, thus falling short of the MDAX performance over the same period (+20.9%). Overall, Wincor Nixdorf’s stock performance was dominated by two distinct periods of weakness over the course of the fiscal year – in the first and in the final quarter of the fiscal year under review.

The company’s share price decreased in October and November 2006, before finally recovering some of its forward momentum in December 2006. In the period leading up to May 2007, the stock recorded significant gains, with the exception of a temporary interruption when market volatility in China triggered a downward adjustment of stock markets around the globe towards the end of February 2007. Trading against this backdrop, Wincor Nixdorf shares reached €75.00 in May 2007, the highest level since the company’s IPO in May 2004.

From the beginning of June, however, markets became increasingly volatile in the wake of rising interest rates. During this period, Wincor Nixdorf had to contend with an above-average decline in its share price.

Following the announcement of the company’s results for the third quarter of 2006/2007, Wincor Nixdorf’s share price receded further, a trend which was to continue throughout August and September with the onset of the subprime crisis in July 2007. During this period, all eyes were firmly fixed on the mortgage lending crisis in the United States, one of the main fears among investors being that it could potentially spill over into the entire financial sector as well as other segments of the economy.

The average trading volume of Wincor Nixdorf shares on all German stock exchanges rose from 2.6 million units per month in fiscal 2005/2006 to 3.8 million shares traded per month during fiscal 2006/2007 (amounts adjusted following increase in capital through issuance of shares in a ratio of 1:1 on March 22, 2007).