Deutsche Börse AG

Share Issue/Capital Change • Nov 22, 2017

News Details

Other Capital Market Information | 22 November 2017 11:12

Deutsche Börse AG: Release of a capital market information

Deutsche Börse AG / Share Buy-back Program

22.11.2017 / 11:12
Dissemination of a Post-admission Duties announcement transmitted by DGAP -
a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Announcement according to Art. 2 Paragraph 1 of Delegated Regulation (EU)
No. 2016/1052 to Regulation (EU) No 596/2014 (MAR)

Share Buy-back Program

The share buy-back program announced by Deutsche Börse AG in the ad hoc
announcement of 26 April 2017 will be implemented starting 27 November 2017
on the basis of the authorization granted by the Annual General Meeting on
17 May 2017. In the period up to 30 June 2018 at the latest, a maximum
number of 13,203,618 shares of the company (ISIN: DE0005810055) are to be
repurchased exclusively via electronic trading on the Frankfurt Stock
Exchange (Xetra) at a total cost of up to EUR 200 million (excluding
incidental acquisition costs).

The share buy-back shall be carried out in accordance with the safe harbour
rules laid down in Article 5 of Regulation (EU) No 596/2014 in conjunction
with the provisions of Delegated Regulation (EU) No 2016/1052.

The repurchase is carried out exclusively for the purposes set out in
Article 5 (2) of Regulation (EU) No. 596/2014, i.e. either to reduce the
capital, to meet obligations arising from debt financial instruments that
are exchangeable into equity instruments, or to meet obligations arising
from share option programs, or other allocations of shares, to employees or
to members of the administrative, management or supervisory bodies of
Deutsche Börse AG or of an affiliated company.

A credit institution has been mandated for the share buy-back which makes
its trading decisions concerning the timing of the purchases of the shares
independently of and without any influence from the company.

The purchase price per repurchased share (excluding ancillary acquisition
costs) may not exceed, or fall short of the average share price (closing
auction price of the Deutsche Börse share in electronic trading on the
Frankfurt Stock Exchange) on the last five trading days before entering
into the purchase obligation by more than 10%.

In addition, the credit institution has undertaken in particular to comply
with the trading conditions laid down in Article 3 of Delegated Regulation
(EU) No 2016/1052 which require, inter alia, that shares shall not be
purchased at a price higher than the higher of the price of the last
independent trade and the highest, at the time of the purchase, independent
purchase bid on the trading venue where the purchase is carried out. In
accordance with the Delegated Regulation (EU) 2016/1052, no more than 25%
of the average daily volume of the shares on the trading venue on which the
purchase is carried out shall be purchased on any trading day. The average
daily volume is calculated as the average daily volume traded during the 20
trading days preceding the date of purchase.

To the extent required and legally permissible, the share buyback can be
suspended and also resumed at any time.

The transactions relating to the buy-back program will be disclosed in
accordance with the requirements of Art. 2 (3) of Delegated Regulation (EU)
No 2016/1052 no later than by the end of the seventh trading day following
the date of execution of such transactions.

In addition, Deutsche Börse AG will regularly report on the progress of the
share buyback at www.deutsche-boerse.com.

Deutsche Börse AG

The Executive Board

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22.11.2017 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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 Language:    English
 Company:     Deutsche Börse AG
              -
              60485 Frankfurt / Main
              Germany
 Internet:    www.deutsche-boerse.com



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