DGAP-Adhoc: Deutsche Börse AG's subsidiary Clearstream approves terms for settlement with U.S. plaintiffs

Deutsche Börse AG / Key word(s): Scheme of Arrangement

09.09.2013 14:23

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Deutsche Börse AG's subsidiary Clearstream approves terms for settlement
with U.S. plaintiffs

Today, the relevant corporate bodies of Deutsche Börse AG and Clearstream
Banking S.A. ('Clearstream'), a 100 per cent subsidiary of Deutsche Börse
AG, approved the terms of a settlement agreement resolving certain claims
asserted against Clearstream in the U.S.

In 2008, several groups of plaintiffs commenced enforcement proceedings in
the U.S. to satisfy judgments which they had obtained against Iran by
restraining certain positions held in Clearstream's securities account with
its intermediary bank in the U.S., and asking for turnover of the assets.
Clearstream challenged the restraints and the turnover, but in February,
2013, the U.S. Court ordered the customer's assets to be turned over to
plaintiffs.

In 2011, the plaintiffs filed claims - this time directly against
Clearstream - for damages of USD 250 million in connection with the
purported wrongful conveyance of some of the restrained positions.
Clearstream has asked the court to dismiss these direct claims on the
ground they are legally defective.

The settlement provides for the dismissal of these direct claims, and that
the plaintiffs will not further sue Clearstream for damages arising from
specified acts prior to the effective date of the agreement. In return,
Clearstream will not further appeal the order directing turnover of the
restrained positions to plaintiffs. The proposed settlement requires a
certain number of plaintiffs to sign on, and will become effective once the
requisite number of signatures has been obtained and other conditions met,
and the Court has dismissed the direct claims against Clearstream upon
plaintiff's request in accordance with the settlement agreement.

Contact:
Nicolas Nonnenmacher
Tel.: +352 2 43-3 61 15

---------------------------------------------------------------------------

Language: English
Company: Deutsche Börse AG
-
60485 Frankfurt am Main
Germany
Phone: +49 (0)69 211 - 0
Fax:
E-mail: ir@deutsche-boerse.com
Internet: www.deutsche-boerse.com
ISIN: DE0005810055, DE000A1RE1W1, DE000A1R1BC6
WKN: 581005, A1RE1W, A1R1BC
Indices: DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX

End of Announcement DGAP News-Service

---------------------------------------------------------------------------