Aims and Outlook

The report on expected developments (as at March 2009) describes the expected development of Deutsche Börse Group in 2009 and 2010. It contains statements and information on events in the future based on the Company’s expectations and assumptions at the time of publication of this report on expected developments. These expectations and assumptions are in turn subject to known and unknown risks and uncertainties. Numerous factors influence the success, the business strategy and the financial results of the Group. Many of these factors are outside the Company’s control. Should one of the risks or uncertainties materialize or one of the assumptions made turn out to be incorrect, the actual development of the Group could deviate in either a positive or a negative way from the expectations and assumptions contained in the forward-looking statements and information in this report on expected developments.

• Development of operating environment
• Development of results of operations
• Development of the financial position