The Wincor Nixdorf Group (in the following Wincor Nixdorf or the Group) was demerged from Siemens Group by means of a leveraged buy-out on October 1, 1999. The ultimate parent company is Wincor Nixdorf AG seated in Paderborn, Germany. The company is registered at the local court office in Paderborn, Germany. The stock of Wincor Nixdorf is listed on the Frankfurt Stock Exchange in the Prime Standard segment and belongs to the MDAX. The Group’s fiscal year commences on October 1 and ends on September 30 of the subsequent calendar year.

Wincor Nixdorf is one of the world’s leading providers of IT solutions to retailers and retail banks. Our extensive portfolio is aimed at optimizing business processes within bank branches and retail outlets. This is essentially about reducing complexity and cost, and improving service to the end customer.

Wincor Nixdorf is represented in over 90 countries around the world and has its own subsidiary companies in 31 of these. Major business geographies are Germany and Europe, however, the Company also operates in America, Africa and Asia. The Group’s production facilities are located in Paderborn/Arnstadt (Germany), Burgdorf (Switzerland), Singapore, Shanghai (China) and São Paulo (Brazil). Research and development locations are Germany, Switzerland, Singapore, Indonesia, USA and China.

The Banking Division proposition includes automated teller machines, bank statement printers, services and multimedia information and service terminals for banks but other service providers also.

Through its Retail Division, Wincor Nixdorf provides products, solutions and services covering the entire value added chain in the retail industry. Key elements of the Company’s proposition include in-store solutions such as point-of-sale systems, consulting services and implementation of company-wide solutions covering the issues Enterprise Resource Planning, Category Management, Customer Relationship Management and eCommerce.

Reported figures are shown in thousands of euros (€ k). The consolidated financial statements will be approved by the Supervisory Board of Wincor Nixdorf AG as of Novem ber 30, 2005.

Use of International Financial Reporting Standards (IFRS).
The consolidated Group accounts of Wincor Nixdorf AG as of September 30, 2005 have been prepared in accordance with the International Financial Reporting Standards (IFRS) produced by the International Accounting Standards Board (IASB), London, mandatory at the balance sheet date. All of the International Accounting Standards (IAS), interpretations of the International Financial Reporting Interpretations Committee/Standing Interpretations Committee (IFRIC/SIC) binding during the fiscal year 2004/2005 have been applied. In addition, International Financial Reporting Standard IFRS 2 “Share-based Payment” has already been applied on voluntary basis. IFRS 3 “Business Combinations” has been applied obligatorily in respect of new business combinations effective after March 31, 2004. For business combinations effective before March 31, 2004, IFRS 3 has been applied on voluntary basis retrospectively for the period since October 1, 2003 only. In conjunction with the application of IFRS 3, the 2004 versions of IAS 36 “
Impairment of Assets” and IAS 38 “Intangible Assets” have been applied.

Further amendments of existing standards or standards released for the first time in the course of the so-called “Improvement Project” will be applied in the consolidated financial statements 2005/2006. We do not expect any material effects.