Effective October 1, 2005, the Supervisory Board expanded the Board of Directors from two to five members and appointed Philip Mantle, Jürgen Wilde and Stefan Auerbach as new executive directors of Wincor Nixdorf AG. At the beginning of the new fiscal year, Philip Mantle assumed responsibility for the worldwide banking business. Jürgen Wilde became responsible for retail, and Stefan Auerbach was put in charge of our services business. At the same time, Eckard Heidloff was appointed Executive Vice President.

In Mexico, two new subsidiaries commenced sales and service activities on October 1, 2005.

Wincor Nixdorf Portavis GmbH, which is registered in Hamburg, began operation on October 1, 2005. As majority shareholder, we set up this joint venture together with two large savings banks, Hamburger Sparkasse (“Haspa”) and Sparkasse Bremen. Each of the banks has outsourced large parts of its IT operations to the new company. Wincor Nixdorf Portavis GmbH is owned to 51 % by Wincor Nixdorf, 38 % by Haspa Finanzholding and 11 % by Sparkasse Bremen.

Wincor Nixdorf Retail Services GmbH was incorporated in October 2005. It provides maintenance and other services to retail companies.