Shareholding structure of Deutsche Börse Group – economic view (confidential)

as of 1 January 2015
Deutsche Börse AG 1)

Eurex 62.82% European Energy Deutsche Boerse Impendium Börse Frankfurt Deutsche Boerse
100% 100% Eurex Global 100% Asia Holding Pte. 100% 100% Zertifikate Holding Clearstream 100%
Frankfurt AG 2) Derivatives AG Exchange AG 3) Systems Ltd 100% Holding AG 7) Systems Inc.
Ltd. S.A. in liquidation

100% 50% 100%

EGEX European Deutsche Börse

Eurex Clearing AG 6) Eurex Zürich AG 5) Eurex Clear­ing Asia Market News Börse Frankfurt Clearstream
50% 100% Gas Exchange 100% 100% 100% 100% Services s.r.o
Pte. Ltd. International Inc. Zertifikate AG International S.A.
GmbH7)

100% 100% 14.29%

Eurex Clearing Global Environ- MNI Financial and BrainTrade Gesell- Clearstream Risk Transfer Re
Security Trustee 5% Taiwan Futures 100% mental Exchange 100% Finnovation S.A. Economic Informa- 14.29% schaft für Börsen- 100% 100%
Exchange Corp. Banking S.A. S.A.
GmbH GmbH7) tion (Beijing) Co. Ltd. systeme mbH

100% 29.51% 100% 100%

Clearstream
Eurex Repo GmbH6) 55.8% Powernext SA Zimory GmbH 9) Need to Know 16.2% Deutsche Börse Banking Japan, 12% PHINEO gAG 11)
News, LLC Commodities GmbH Ltd.

79.44% 1.5% 49.9% 50.1% 50%

ISF Internationale
Eurex Bonds European
Deutsche Börse Schule Frankfurt-
GmbH 98.5% Commodity 50.1% STOXX Ltd. 30% Bondcube Limited REGIS-TR S.A. 0.42%
Cloud Exchange AG Rhein-Main
Clearing AG GmbH & Co. KG

85% 100% 28.57% 0.95% 0.51%

U.S. Exchange European Com- Global Markets Tradegate AG

15% modity Clearing Exchange Group 50% Infobolsa S.A. 14.86% Wertpapierhandels- S.W.I.F.T. SCRL
Holdings, Inc.
Luxembourg S.à r.l. International LLP bank

20% 11.53% 100% 25% 0.00008%

U.S. Exchange, Eurex Services EEX Power Digital Vega Infobolsa Tradegate National Settle-
100% 80% Derivatives 75%
100% L.L.C. (dormant) GmbH (dormant) FX Ltd Deutschland GmbH Exchange GmbH 4) ment Depository
GmbH 7)

50% 99.99%

International Se- ICE US Holding Difubolsa, Serviços Clearstream

100% curities Exchange 6.31% 13.25% EPEX Spot SE 30% R5FX Ltd de Difusão e Infor- 100%
Company L.P. Banking AG10)
Holdings, Inc. maçao de Bolsa S.A.

100% 100% 81%

International Clearstream Fund
Securities ISE Mercury, LLC EPEX Spot Bombay Stock
100% (dormant) 4.91% Exchange Ltd. Open Finance, S.L. 100% Services Ireland
Exchange, LLC Schweiz AG Limited

20% 100% 60%

The Options Clearstream
Clearing ISE ETF Ventures JV Epex-Soops
LLC (dormant) 49.9% Indexium AG 100% Global Securities
Corporation B.V. Services Limited

26.44%

Cleartrade Clearstream
100% ISE Gemini, LLC Hanweck Associates, 51.7% Exchange Pte. 100%
LLC Nominees Limited
Limited 8)

8.33% 8.33% 18% 100% Special company information

The Options Cleartrade Clearstream
Price Reporting EDH Resources, Inc. Exchange (UK) a) Exchange administrating and operating institutions (in accordance with 100% Operations
Authority, LLC Limited German law) Prague s.r.o
1) of Frankfurter Wertpapierbörse (FWB, the Frankfurt Stock Exchange)
2) of Eurex Deutschland
50% 3) of European Energy Exchange (EEX)
Index Marketing 4) of Tradegate Exchange
ETC Acquisition Quadriserv Inc. Clearstream
100% 10.6% Solutions 100% Services S.A.
Corp. Limited b) Specific participation rights
5) Preference shares or profit participation rights issued

c) Profit and loss transfer agreement and/or control rights

6) Including control
Longitude LLC BATS Global 7) Excluding control LuxCSD S.A.
100% 9.46% Markets, Inc 50% Gaspoint Nordic A /S 50%
8) Preference shares issued which grant full control
9) Including treasury stock, excluding phantom shares, represents juridical shareholding
10) Including control, excluding profit and loss transfer
11) In addition, Deutsche Börse AG holds an interest in Phineo Pool GbR which
European Market holds an 48 per cent stake in Phineo gAG. This interest is jointly managed.
100% Longitude S.A. 2.25% Weather Risk
20% Coupling Company Founded or acquired since January 2014
Solutions, LLC
GmbH i.L.
Changes in shareholding structure or company purpose considered for or implemented since January 2014
ƒƒ Eurex Frankfurt AG: restructured in Q4/2014, Deutsche Börse AG as new parent company
ƒƒ U.S. Exchange Holdings, Inc.: restructured in Q4/2014, 15 per cent of shares transferred from Eurex Frankfurt AG to Deutsche Börse AG
store-x ƒƒ Eurex Services GmbH: restructured in Q4/2014, U.S. Exchange Holdings, Inc. as new parent company
12% Storage Capacity ƒƒ ISE Gemini, LLC: formerly Topaz Exchange, LLC, change of company name implemented in Q1/2014
Exchange GmbH ƒƒ BATS Global Markets, Inc.: merger with Direct Edge ECN LLC implemented in Q1/ 2014
ƒƒ European Energy Exchange AG: increase in shareholding implemented in Q4/2014
ƒƒ EPEX Spot SE: decrease in shareholding held by European Energy Exchange AG in Q1/2015 due to share trade against Powernext SA shares
ƒƒ Cleartrade Exchange Pte. Limited.: increase in shareholding by European Energy Exchange AG implemented in Q3/2014
ƒƒ European Market Coupling Company GmbH i.L.: in the process of being liquidated, planned to be completed in Q2/2015
ƒƒ Digital Vega FX Ltd: decrease in shareholding in Q4/2014 due to conversion of loan into equity by another shareholder
ƒƒ Bombay Stock Exchange Ltd.: decrease in shareholding in Q4/2014 due to acquisition of United Stock Exchange (USE) through cash/equity funding
ƒƒ Open Finance, S.L.: increase in shareholding implemented in Q3/2014
ƒƒ Börse Frankfurt Zertifikate Holding S.A. in liquidation: liquidation planned to be finalised in H1/ 2015
Shareholdings divested, liquidated or merged since January 2014 ƒƒ Börse Frankfurt Zertifikate AG: all shares transferred to Deutsche Börse AG in Q3/ 2014
ƒƒ ID’s SAS divested in Q3/2014 ƒƒ Bondcube Limited: increase in shareholding implemented in Q3/2014
ƒƒ KOMUNUMO LTD divested in Q3/2014 ƒƒ Tradegate AG Wertpapierhandelsbank: increase in shareholding implemented in Q4/2014
ƒƒ Imarex ASA divested in Q1 / 2014 ƒƒ Clearstream Banking S.A.: all shares held by Clearstream Holding AG transferred to Clearstream International S.A. in Q1/ 2014
ƒƒ PRISMA European Capacity Platform GmbH divested in Q1/2014 ƒƒ Clearstream Fund Services Ireland Limited: planned to be merged with Clearstream Global Securities Services Limited (prior Citco Global Securities
Services Ltd.), implementation planned for Q1/2015

Company status remained unchanged since January 2014