Deutsche Börse Launches The DivDAX Dividend Index - New Index To Track The 15 Strongest DAX® Companies By Dividend Yields - DivDAX Scheduled To Start As Of March 1, 2005

On March 1, Deutsche Börse AG will be launching a new index, DivDAX, which reflects the performance of the 15® DAX companies with the highest dividend yields. The DivDAX equity index is primarily aimed at investors pursuing conservative value investment strategies. It serves as a basis for financial products such as certificates, warrants, and funds for issuers.

"By selecting index constituents by dividend yields, the DivDAX mirrors the companies with particularly robust and solid performance, which is how it has managed to consistently outperform similar indexes in recent years," said Holger Wohlenberg, Managing Director of Market Data & Analytics at Deutsche Börse.

The DivDAX adheres to the Deutsche Börse concept of a selection index. Its composition is evaluated once a year, in September. The weighting is set according to the market capitalization of companies' freely tradable shares, the so-called free float. Weightings are adjusted on a quarterly basis, and may not exceed 10 percent of the DivDAX. The DivDAX is calculated by Market Data & Analytics at Deutsche Börse every 15 seconds and distributed via the CEF® real-time data feed. The DivDAX history will go back to September 1999.

In all, Market Data & Analytics calculates and publishes more than 1,700 indexes. This makes Deutsche Börse one of the most significant index providers worldwide. Additionally, Market Data & Analytics compiles, distributes, and markets independent capital market information, such as price data, trading statistics, and back office information for banks and financial institutions.

DAX® is a registered trademark of Deutsche Börse AG. Deutsche Börse AG has applied for registration of the DivDAX trademark with the German Patent and Trademark Office.