Ad-hoc | 17 January 2005 19:39

Deutsche Börse Supervisory Board approves possible cash offer for the LSE

Ad hoc announcement §15 WpHG Sonstiges Deutsche Börse Supervisory Board approves possible cash offer for the LSE Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— The Supervisory Board of Deutsche Börse AG (Deutsche Börse) has in its meeting on January 17 given its approval for a possible cash offer for the London Stock Exchange plc (London Stock Exchange), should the Executive Board of Deutsche Börse decide to proceed with the offer. The Supervisory Board has also authorized a Committee of the Supervisory Board as well as the Executive Board to take further decisions regarding a possible offer. It remains Deutsche Börse’s preference to reach a recommendation from the Board of the London Stock Exchange for the contemplated transaction and there can be no assurance that any offer will be made. In reaching its decision the Supervisory Board took note of a letter received from TCI Fund Management (UK) LLP (TCI), the investment manager of Cayman Islands hedge funds. TCI has requested a shareholder meeting to vote on the removal of the Supervisory Board members of Deutsche Börse appointed by the shareholders meeting and the election of new Supervisory Board members. Earlier today Deutsche Börse has received a formal notification that the funds represented by TCI as of last Friday have shareholdings with voting rights in Deutsche Börse of 5.01 percent. The Executive Board of Deutsche Börse will respond to TCI’s request. Deutsche Börse AG Neue Börsenstraße 1 60487 Frankfurt am Main Deutschland ISIN: DE0005810055 WKN: 581005 Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 17.01.2005 171939 Jän 05