| It is the objective of Deutsche Börse to increase the efficiency of the markets. With tailored market structures, it creates ideal conditions for issuers, trading participants and investors in order to meet the ever-increasing needs and demands on a highly dynamic, international capital market. There are two ways of accessing the capital market in Europe: EU-regulated markets and markets that are regulated by the stock exchanges themselves (regulated unofficial markets). At FWB® Frankfurter Wertpapierbörse (the Frankfurt Stock Exchange), an IPO in the EU-regulated market segment, the Regulated Market leads into General Standard or its sub-segment Prime Standard. Admission to trading on the Open Market (Regulated Unofficial Market) on the other hand, can lead into the First Quotation Board or Entry Standard. Issuers in General Standard and Prime Standard fulfill the highest European transparency requirements and, thus, enjoy all advantages of a full exchange listing. With Entry Standard, the stock exchange has used all available scope to afford small and medium-sized companies, in particular, easy, fast and cost-efficient inclusion in exchange trading. Companies wishing to differentiate themselves and obtain greater visibility within the Open Market opt for admission to trading in Entry Standard. This entry segment does not exclude the possibility of a subsequent listing in General Standard or Prime Standard. | 
