Declaration of Conformity

The Corporate Governance Code is a statutory guideline for the executive management and supervision of listed companies in Germany. It draws together the internationally and nationally recognized standards for best practice in corporate governance. The goal of the guideline is to promote the confidence of investors, customers, employees and the general public in German corporate governance.

In a joint declaration* the Executive Board and Supervisory Board of Deutsche Börse AG have confirmed their compliance with the Corporate Governance Code in accordance with § 161 German Stock Corporation Act.

*For the period since the last declaration of conformity dated December 6, 2007, until August 7, 2008, the following declaration refers to the German Corporate Governance Code in the version as of June 14, 2007. Since August 8, 2008, the declaration refers to the requirements of the Code in its new version as of June 6, 2008, published in the electronic Federal Gazette on August 8, 2008.