Actuarial Assumptions

With regard to Wincor Nixdorf Group entities, the underlying actuarial assumptions (weighted average) for the valuation of defined benefit obligations are as follows:

In addition, life expectancy assumptions have been taken into account. For Germany, the 2005G Heubeck Tables were used.

Facing the current developments on the financial market, Wincor Nixdorf determined the interest rate at the valuation date of September 30, 2008, on the basis of market yields on high-quality corporate bonds, excluding any bonds of companies of the financial sector. Due to the loss of confidence in bonds of companies of the financial sector, these bonds were only placed on the market with high spreads. Therefore, in the opinion of Wincor Nixdorf, these bonds were not to be classified as high-quality corporate bonds according to IAS 19.78. Last year’s risk premiums associated with bonds of companies of the financial sector lowered over the course of the fiscal year, so that as at September 30, 2009, these bonds once again fulfilled the definition of “high-quality corporate bonds” from the perspective of Wincor Nixdorf. Therefore, the interest rate has been determined based on high-quality corporate bonds, including bonds of companies of the financial sector, by taking into account the term of the defined benefit obligation. If bonds of companies of the financial sector had not been considered, an interest rate of 4.5% would have been applied for the valuation of the defined benefit obligation as of September 30, 2009.

An increase or decrease of the assumed interest rate (weighted average) by 0.5 percentage points would have the following impact as of September 30, 2009:

Such effects might be presented with an effect on the year’s profit for the period (Glossary) .