S&P And Fitch Reaffirm Clearstream's Robust Risk Management Strategy; S&P Confirms AA+/Stable/A-1+; Fitch Confirms AA+/Stable And F-1+

Standard & Poor's rating agency (S&P) and Fitch rating agency acknowledged once again Clearstream's consistently good profitability and very conservative risk profile. These are the first rating reviews of Clearstream Banking Luxembourg since Clearstream became an integral part of Deutsche Börse Group in July 2002.

Standard & Poor's has confirmed the AA+/Stable/A-1+ ratings of Clearstream, the settlement organisation of Deutsche Börse Group, following a recent review. The rating agency stated, "The ratings on Clearstream Banking S.A., Luxembourg reflect the company's very low-risk profile, as well as the significant role it plays in international financial markets. Given that Clearstream International is an integral part of the securities transaction processing chain, the ratings also reflect Clearstream's core status within its parent group, Deutsche Börse AG". As reported earlier this year, Deutsche Börse AG also maintains an identical rating of AA+/Stable/A-1+.

Standard & Poor's further stated that as the ratings on Clearstream are strongly linked to those of its sole shareholder, the outlook also reflects that of Deutsche Börse Group, which Standard & Poor's considers is well positioned to take advantage of the expected consolidation among exchanges and clearinghouses in Europe.

In addition, Fitch, the international rating agency also affirmed an AA+ long term rating to Clearstream Banking Luxembourg and the top F-1+ short term rating. Fitch confirmed that the ratings of Clearstream Banking Luxembourg reflect its strong position in the international bond clearing and settlement industry, as well as its very low risk profile and adequate capital.

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