Ad-hoc | 15 November 2006 09:26

Deutsche Börse no longer pursues combination with Euronext

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Deutsche Börse on Wednesday decided not to pursue a combination with Euronext. The company said it will also stop all preparatory steps including the regulatory and merger control processes. This decision was based on the assessment that a transaction supported by both sides will not be achievable and – in the light of recent share price developments – a transaction would no longer create value for Deutsche Börse shareholders. Politicians, stakeholders and regulators across Europe have confirmed their preference for a European solution. Despite this broad support, the Euronext management did not reopen talks with Deutsche Börse. However, Deutsche Börse continues to believe that a combination of exchanges can only be successful if both sides willingly work together. In addition, recent share price developments would lead to a participation of Deutsche Börse shareholders in a combined group that is not attractive when compared with the earnings contribution of the two companies. Contact: Walter Allwicher Tel.: +49-69-21 11 15 00 (c)DGAP 15.11.2006 ————————————————————————— Language: English Issuer: Deutsche Börse AG Neue Börsenstraße 1 60487 Frankfurt am Main Deutschland Phone: +49 (0)69 211 – 0 Fax: +49 (0)69 211 – 1 20 0 E-mail: info@deutsche-boerse.com WWW: www.deutsche-boerse.com ISIN: DE0005810055 WKN: 581005 Indices: DAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hannover, München, Hamburg, Düsseldorf, Stuttgart; Terminbörse EUREX End of News DGAP News-Service —————————————————————————