Changes In The Management Of Deutsche Börse And Eurex - Ferscha To Leave Deutsche Börse And Eurex

Changes in the composition of the Executive Board of Deutsche Börse AG and the Management Board of Eurex, the joint venture of Deutsche Börse and SWX Swiss Exchange were announced today. Effective 31 December 2005 Rudolf Ferscha will resign from his position as Member of the Executive Board of Deutsche Börse and CEO of the Eurex companies Eurex Zurich AG, Eurex Frankfurt AG and Eurex Clearing AG; he will leave at his own request under an amicable and mutual agreement. As Deutsche Börse announced today, Ferscha has resigned from his position as Executive Board member on 28 December 2005 and asked the Supervisory Board to cancel his employment contract.

Kurt Viermetz, Chairman of Deutsche Börse’s Supervisory Board said: “On behalf of Deutsche Börse I thank Rudolf Ferscha for his service to the company. Mr. Ferscha has fulfilled his duties in a highly professional manner in a stable and growing however at times difficult market environment. We respect his wish to take over new responsibilities outside the company.”

Markus Granziol, Chairman of the Supervisory Boards of Eurex, thanked Ferscha highlighting his role in Eurex’s expansion, in particular in Europe.

Deutsche Börse CEO Reto Francioni said the company owes Ferscha a lot.

Ferscha made a significant contribution to Eurex’s ongoing success and helped building momentum for the exchange, Francioni said.

Ferscha joined Deutsche Börse in late 2000 assuming responsibility for the Group’s Derivatives Markets activities. At the same time he was appointed CEO of Eurex Frankfurt AG, Eurex Clearing AG and Eurex Zurich AG. Before joining Deutsche Börse Ferscha held various positions at Goldman Sachs.

Mr. Francioni will assume Ferscha’s responsibilities at Deutsche Börse on an interim basis in addition to his own tasks.