At the beginning of fiscal 2004/2005, Kohlberg Kravis Roberts & Co. L.P. and Goldman Sachs Capital Partners together held 38.1 % of Wincor Nixdorf shares. Both of these companies, private equity investors in Wincor Nixdorf since 1999, sold their shares to institutional investors on January 27, 2005. The offer met with wide international interest and was over-subscribed. Following this offer, the Company’s free-float is now 100 %.

During fiscal 2004/2005 the following companies reported, pursuant to Section 21 of the German Securities Trading Act, that they have exceeded the 5 % threshold of voting rights:

• Threadneedle Asset Management Limited, London, UK
  (report dated January 27, 2005, amount: 9.066 %)
• Fidelity International Ltd., Hamilton, Bermuda
  (report dated January 31, 2005, amount: 5.97 %)
• Lazard Asset Management LLC, New York, USA
  (report dated April 18, 2005, amount: 6.36 %).

During fiscal 2004/2005 the following companies reported that they fell below the 5 % threshold of voting rights:

• KKR 1996 Overseas, Limited, George Town, Cayman Islands
  (report dated January 31, 2005)
• The Goldman Sachs Group, Inc., New York, USA
  (report dated January 31, 2005).

As of September 30, 2005, Schroders plc, London, UK held over 5 % of voting rights.

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

We estimate that approximately 70 % of our shares were held by foreign investors at the end of the reporting period and that British and U.S. investors are key among them.