_{As at 1 January 2019}

Participations

_{1) Simplified presentation of main shareholdings (rounded values), as at 1 January 2019
2) Economic participation; lower voting rights
3) Direct equity interest European Energy Exchange AG: 11%, direct equity interest Powernext SAS: 40%
4) Direct equity interest Deutsche Börse AG: 75%, direct equity interest Tradegate AG Wertpapierhandelsbank: 25%
5) Direct equity interest Deutsche Börse AG: 14%, direct equity interest Börse Frankfurt Zertifikate AG: 14%}