Share Price Performance.
Against the backdrop of continuing fears over an imminent slowdown in the U.S. economy as well as further adverse effects stemming from the financial crisis, the German stock exchange fell to new lows in the first half of January 2008. Although a cut in the U.S. benchmark interest rate brought some degree of stability to international stock markets, including Germany’s, prices remained highly volatile. Wincor Nixdorf shares suffered from the considerable increase in volatility, but followed the overall trend for most of the time and closed with a loss of 14.1%, compared with a slightly more pronounced decline in the MDAX (–14.9%) over the same six-month period.

The company’s stock recorded a high of €69.19 at the end of October, while the share price at the end of the period under review stood at €50.70.

Performance of Wincor Nixdorf shares as from October 1, 2007 to March 31, 2008 compared to MDAX (Performance Index), MSCI World:

Stock Buy-back.
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. The resolution was based on the corresponding authorization issued by the Annual General Meeting of Shareholders for the repurchase of own equity instruments. The stock buy-back program was concluded on January 22, 2008. In total, 625,720 shares were repurchased at an average price of €60.66 per share.

The repurchased shares are to be used for all legitimate purposes covered by the authorization issued by the Annual General Meeting of Shareholders, in particular 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 of the company and/or subordinated affiliated entities on the basis of the authorization granted for the issuance of share options.

Annual General Meeting and Dividend.
Shareholders attending the Annual General Meeting of Wincor Nixdorf AG in Paderborn, Germany, on January 28, 2008, represented over 71% of the company’s voting rights. All resolutions on the agenda were passed with very large majorities. A dividend of €2.78 per share was agreed for fiscal 2006/2007, which corresponds to a year-on-year increase of 99%. This amount includes a special dividend of €0.90 per share.