DGAP-Stimmrechtsanteile: Wincor Nixdorf AG

DGAP-PVR: Wincor Nixdorf Aktiengesellschaft: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

WINCOR NIXDORF Aktiengesellschaft

18.02.2016 10:55

Dissemination of a Voting Rights Announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------------

On February 16, 2016 we have received the following Notification according to Article 27a, Section 1 of the WpHG:

I am writing to you on behalf of Kiltearn Partners LLP ('Kiltearn'). As noted in my email,dated December 15, 2015, Kiltearn acts as investment manager to three (3)commingled funds and three (3) separate investment accounts (collectively, its 'Clients'). In acting for its Clients, Kiltearn is given full discretion over its Clients' investments. However, Kiltearn does not act as a custodian, and therefore shares owned by its Clients are not held in Kiltearn's name, but in the nominee name of its Clients' custodian banks.

Further, as noted in the email discussed above, Kiltearn understands, from speaking with German counsel, that under Article 27a, Section 1 of the WpHG, Kiltearn is required to make a disclosure to Wincor Nixdorf AG ('Wincor') if Kiltearn's Clients, in aggregate, hold more than ten percent (10%) of the voting rights in Wincor. Based on Kiltearn's reading of Wincor's Articles of Association (the 'Articles'), the Articles offer no exemption from this disclosure requirement.

Recent purchases of shares in Wincor by Kiltearn, on behalf of its Clients, has resulted in Kiltearn exercising control over 3,341,590 ordinary shares and 3,341,590 voting rights in Wincor.

Kiltearn's record show that Wincor has 33,084,988 issued ordinary shares and 33,084,988 voting rights outstanding.

For your information, Kiltearn, on behalf of its Clients, exercises control over 10.10% of the ordinary shares and 10.10% of the voting rights of Wincor. This disclosure is consequently being provided in accordance with Article 27a, Section 1 of the WpHG.

1. Aims underlying the acquisition of the voting rights (Article 27a, section 1,Sentence 3 of WpHG)

o On February 15, 2015, a new investor contributed US$180 million to one (1) of Kiltearn's US-based commingled funds, the Kiltearn Global Equity Fund (the 'US Fund'). In exchange for the assets contributed, the investor received a non-voting, beneficial interest in the US Fund. The assets contributed by the investor were used to purchase shares that substantially replicated the weighting of the same shares held by the US Fund. As a result, Kiltearn caused the US Fund to purchase 68,217 shares in Wincor to reflect the 230 basis point approximate weighting of Wincor shares already held in the US Fund's portfolio.

o The underlying purpose of the purchase of the 68,217 Wincor shares, with the voting rights attached, is to generate investment profits for the US Fund and maintain the weighting of Wincor in the US Fund's portfolio.

o The underlying purpose of the purchase of the 68,217 Wincor shares, with the voting rights attached, is not to implement strategic objectives or alternative objectives other than those described in the preceding paragraph.

o Kiltearn may, on behalf of its Clients, acquire further shares in Wincor, with voting rights attached, within the next twelve (12) months.

o Kiltearn, acting on behalf of its Clients, does not currently intend to exert an influence on the appointment or removal of members of the Wincor's administrative, managing or supervisory bodies.

o Kiltearn, acting on behalf of its Clients, does not currently intend to bring about a material change in Wincor's capital structure. In particular, Kiltearn does not currently intend to bring about a material change in regards to Wincor's ratio between equity financing and debt financing, or Wincor's dividend policy.

2. Source of funds used to acquire the voting rights (Article 27a, Section 1, Sentence 4 of the WpHG)

o The purchase, on behalf of the US Fund, of the 68,217 Wincor shares, with the voting rights attached, was funded by a proportion of the assets contributed by a new investor into the US Fund. In exchange for the assets contributed, the investor received a non-voting, beneficial interest in the US Fund.

o Kiltearn is not permitted to cause its Clients, including the US Fund, to borrow money to finance the purchase of shares or other securities on their behalf.

o Kiltearn's proprietary funds were not used for the purchase of the 68,217 Wincor shares.



18.02.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: WINCOR NIXDORF Aktiengesellschaft Heinz-Nixdorf-Ring 1 33106 Paderborn Germany Internet: www.wincor-nixdorf.com End of Announcement DGAP News-Service ---------------------------------------------------------------------------