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Deutsche Börse: FWB Exchange Council Elects Two New Members - Exchange Council Appoints Two New FWB General Managers

Date 05/03/2003

At its meeting on Wednesday, the Exchange Council of the Frankfurt Stock Exchange (FWB Frankfurter Wertpapierbörse) elected two new members: Dr. Karl-Ludwig Kley, member of the Executive Board of Deutsche Lufthansa AG succeeds Max-Dietrich Kley, member of the Executive Board of BASF AG; and Wolf-Dietrich Martin, member of the Executive Board of Wolfgang Steubing AG, succeeds Jürgen Walter, member of the Executive Board of Baader Securities AG.

Furthermore, the Exchange Council appointed Matthias Ganz, Chief Operating Officer of Deutsche Börse AG, and Rainer Riess, Head of Stock Market Business Development of Deutsche Börse AG, as General Managers of the Frankfurt Stock Exchange.

The Exchange Council is the highest controlling and supervisory body of the Frankfurt Stock Exchange. The General Managers are responsible for the day-to-day management of the exchange's operation.