Aims and outlook

The report on expected developments (as at March 2011) describes the expected development of Deutsche Börse Group in financial years 2011 and 2012. It contains statements and information on events in the future. These forward-looking statements and information are based on the Company’s expectations and assumptions at the time of publication of this report on expected developments. These are in turn subject to known and unknown risks and uncertainties. Numerous factors influence the Group’s success, its business strategy and financial results. Many of these factors are outside the Company’s control. Should one of the risks or uncertainties materialise 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.

This report on expected developments has been prepared for Deutsche Börse Group and does not take into account the proposed business combination of Deutsche Börse AG and NYSE Euronext announced on 15 February 2011.

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