Deutsche Börse AG

Capital/Financing Update • Dec 8, 2008

News Details

Ad-hoc | 8 December 2008 19:54

Deutsche Börse lowers 2008 cost guidance and sets guidance for total costs in 2009

Deutsche Börse AG / Miscellaneous

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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Deutsche Börse AG lowers its 2008 cost guidance for the Group to €1,280
million, from the original guidance of €1,315 million. Costs in 2008 are
negatively affected by costs relating to the interim building in Eschborn
and by expected impairments on software. These additional cost items are
expected to be more than offset by lower than anticipated stock-based
compensation charges and tight control of the operational costs of the
Group. The lower 2008 cost guidance underpins Deutsche Börse’s expectation
to achieve a new record result for the full year 2008.

In 2009, the restructuring and efficiency program initiated in September
2007 will help to mitigate inflationary pressures on staff costs and an
expected increase in volume related costs, resulting in stable costs
compared like-for-like to 2008. In addition, the cost budget for 2009
foresees incremental investments to underpin growth opportunities and
efficiencies across the integrated business model. This includes
incremental investments in growth initiatives and the development of the
Global Trading System, initially for ISE, as the nucleus for the IT
platform strategy of Deutsche Börse Group. As a result, Deutsche Börse sets
a guidance for total costs in 2009 of €1,350 million. Despite the
uncertainties around the development of the global economy, the budget for
2009 is based on the expectation that structural growth drivers and organic
growth opportunities can help mitigate cyclical volume pressures.

Contact:
Dr. Frank Herkenhoff
Tel.: +49-69-21 11 15 00

08.12.2008 Financial News transmitted by DGAP

Language: English
Issuer: Deutsche Börse AG
Neue Börsenstraße 1
60487 Frankfurt am Main
Deutschland
Phone: +49 (0)69 211 - 0
Fax: +49 (0)69 211 - 12005
E-mail: ir@deutsche-boerse.com
Internet: www.deutsche-boerse.com
ISIN: DE0005810055
WKN: 581005
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX

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