Share Price Performance.
The German stock market performed at a favorable level in the early part of the period under review, before then undergoing a sharp decline in November against the backdrop of record highs achieved by the euro and surging oil prices, as well as an ongoing debate as to the ramifications of the financial crisis. Having moved in line with this trend over the course of November, Wincor Nixdorf shares eventually gained significant momentum towards the end of the reporting period and closed with a gain of 10.2%, in contrast to a loss of 4.5% suffered by the MDAX in the same quarter.

The company’s stock recorded a quarterly high of €69.19 at the end of October, while the share price at the end of the period under review stood at €65.00.

Performance of Wincor Nixdorf Shares as from October 1, 2007 to
December 31, 2007 compared to MDAX (Performance Index), MSCI World:

Stock Buy-back.
On October 1, 2007, the Board of Directors of Wincor Nixdorf AG passed a resolution for the repurchase of up to 92,480 company shares via the stock exchange as from October 1, 2007. The stock buy-back program was concluded on October 2, 2007. In total, 92,480 shares were repurchased at an average price of €59.71 per share.

On December 3, 2007, the Board of Directors of Wincor Nixdorf AG passed a resolution for the repurchase of up to 625,720 company shares via the stock exchange as from December 3, 2007. By the end of the period under review, 299,741 own equity instruments had been repurchased at an average price of €60.89 per share.