• Good performance by the German stock market
• MDAX well ahead of the DAX
• Wincor Nixdorf well ahead of the MDAX
• Issue price nearly doubled since IPO
• Free-float now 100 %
• Proposed dividend: € 2.10 per share
• Now included in the MSCI World Index

The period under review was one of growth for the German stock market. As in the past three years, the German MDAX mid-cap index fared considerably better than the main DAX index. The rise in the MDAX was mainly due to the interest shown by foreign investors in non-headline stocks. German investors, by contrast, continued to be more restrained.

Share Price Performance an Unrelenting Rise.
The price of Wincor Nixdorf shares rose 67 % in the fiscal year just ended, performing well ahead of the MDAX, which added 42 % over the same period. The Xetra price of € 80.00 at the close of trading on September 30, 2005, the Group’s year-end date, was only slightly below its high of € 83.01. Since the IPO in May 2004, Wincor Nixdorf shares have increased in value by 95 %. In just less than 17 months, the issue price of € 41 has almost doubled.

Index Membership.
Only five months after flotation, Wincor Nixdorf was included in the MDAX (September 20, 2004), making it one of the 50 most important mid-cap shares traded on the German stock market. Since June 1, 2005, Wincor Nixdorf has also been included in the Technology Hardware & Equipment industry group of the MSCI World Index. Inclusion in the MSCI World Index has increased the interest of the financial world in Wincor Nixdorf shares.