Deutsche Börse To Implement Interim Holding Structure For Clearstream Subgroup

On 23 March, Deutsche Börse AG ratified plans to implement a holding structure for the Clearstream Subgroup with the objective to further enhance the Group's strong credit profile. The plan foresees the transfer of 51% of Deutsche Börse's shares in Clearstream International S.A. to Deutsche Börse Dienstleistungs AG at book value. Deutsche Börse Dienstleistungs AG, established in June 2007, is a 100% subsidiary of Deutsche Börse AG. A profit and loss transfer agreement exists between the two entities. Implementation of the plan is envisaged within 2009.