Improved Transparency both Internally and to the Outside World.
When interacting with the Company’s shareholders, we apply the principle of fast, continuous and comprehensive information. At the Annual General Meeting of shareholders (AGM) on February 21, 2006, we will again appoint a proxy vote representative in order to enable shareholders not attending the AGM to exercise their voting rights. For the first time, shareholder instructions for this option will be available via the Internet at our 2006 AGM.

With a view to prompt, open communication with the public, we provide detailed documents and information on our Web site, such as AGM information, financial reports and current ad-hoc updates and press releases. Our Internet content also includes the Company’s articles of association and information on directors’ dealings.

We have approved an Insider Dealing Directive aimed at avoiding insider dealing by Company employees. The employees and board members named on the Insider List are prohibited from undertaking share transactions during certain periods before and after publication of quarterly and annual results.

Details of directors’ dealings pursuant to Section 15 a of the German Stock Trading Law can be downloaded from the Company’s Web site under the “Investor Relations” heading.

Supplementary information on the Company’s boards can be found in the notes to the accounts.

Risk Management System for Value-led Management of the Company’s Affairs.
A properly functioning risk management system is necessary for responsible management. The risk management system at Wincor Nixdorf AG is intended to highlight risks at an early stage and, when they occur, to help manage them more effectively. Details are provided in the section entitled “Risk Report”.