The report on expected developments (as at March 2008) describes the expected development of Deutsche Börse in 2008 and 2009. 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 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 Company. Many of these factors are outside the Company’s control. Should one of the risks or uncertainties arise or one of the assumptions made turn out to be incorrect, the actual development of the Company could deviate in either a positive or a negative way from the forward-looking statements and information in this report.

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