Deutsche Börse's Supervisory Board Approves Clearstream Transaction

On Monday the Supervisory Board of Deutsche Börse AG approved the terms of an offer to be made for the acquisition of Cedel International S.A. and its 50 percent ownership in Clearstream International S.A. by Deutsche Börse. Deutsche Börse made the announcement following the Supervisory Board meeting. The offer will be subject to an affirmative vote by a two-thirds majority of Cedel shareholders and to certain further conditions, including regulatory approval; it is expected to be initiated no later than 28 February.

Upon completion of the transaction Deutsche Börse would fully integrate Clearstream into Deutsche Börse Group. The company would be the preeminent one-stop handling agent for the securities processing chain providing services and products throughout the securities industry beginning with trading and information products all the way through to clearing and settlement.

According to Deutsche Börse this will result in the most efficient, lowest cost securities processing chain. The service levels will increase and the introduction of new products and services across all our businesses will be accelerated. The combined entity will introduce a system of straight-through-processing and interoperability standards for European capital markets, open at each stage of the securities processing chain.

Further information from the Gruppe Deutsche Boerse is available under http://www.media-relations.deutsche-boerse.com.