Directors' dealings

A list of the transactions involving Nordex AG stock by members of its Management Board and Supervisory Board:

Date	Person Position	No. of Share Action	SCN Stock Exchange	Price p. Share Nom. amount
04-23-2008	Carsten Pedersen Member of Management Board	16,063 sell	DE000A0D6554 Xetra	27.525 Euro 442,134.08 Euro
04-22-2008	Carsten Pedersen Member of Management Board	18,974 sell	DE000A0D6554 Xetra	27.52 Euro 522,164 Euro
04-21-2008	Carsten Pedersen Member of Management Board	33,500 sell	DE000A0D6554 Xetra	27.55 Euro 922,925 Euro
01-18-2008	Nordvest A/S legal entity in relation with member of management board	2.900 buy	DE000A0D6554 Xetra	25,90 Euro 75,110 Euro
11-23-2007	Hansjörg Müller COO Operations	4.500 sell	DE000A0D6554 Xetra	30,52 Euro 137,340 Euro
08-23-2007	Jens-Peter Schmitt Member of Supervisory Board	5.280 buy	DE000A0D6554 Xetra	29,93 Euro 158.030 Euro
08-16-2007	Jens-Peter Schmitt Member of Supervisory Board	11.250 sell	DE000A0D6554 Xetra	24,60 Euro 276.750 Euro
04-13-2007	Nordvest A/S legal entity in relation with member of management board	40.000 sell	DE000A0D6554 Xetra	27,03 Euro 1.081.200 Euro
12-08-2006	Hansjörg Müller COO Operations	49 sale*	DE000A0D6554 Xetra	12,749 Euro 624.68Euro
12-08-2006	Thomas Richterich CEO	62 sale*	DE000A0D6554 Xetra	12,749 Euro 790.41 Euro
12-07-2006	Hansjörg Müller COO Operations	49 sale*	DE000A0D6554 Xetra	12,803 Euro 627.37 Euro
12-07-2006	Thomas Richterich CEO	62 sale*	DE000A0D6554 Xetra	12,803 Euro 793,81 Euro
12-05-2006	Hansjörg Müller COO Operations	7 sale*	DE000A0D6554 Xetra	12,554 Euro 87.88 Euro
12-05-2006	Thomas Richterich CEO	9 sale*	DE000A0D6554 Xetra	12,554 Euro 112,99 Euro
12-04-2006	Hansjörg Müller COO Operations	10 sale*	DE000A0D6554 Xetra	12,594 Euro 125.94 Euro
12-04-2006	Thomas Richterich CEO	11 sale*	DE000A0D6554 Xetra	12,594 Euro 138.53 Euro
12-01-2006	Hansjörg Müller COO Operations	10 sale*	DE000A0D6554 Xetra	12,344 Euro 123.44 Euro
12-01-2006	Thomas Richterich CEO	12 sale*	DE000A0D6554 Xetra	12,344 Euro 148.13 Euro
11-28-2006	Hansjörg Müller COO Operations	177 sale*	DE000A0D6554 Xetra	12,481 Euro 2,209.08 Euro
11-28-2006	Thomas Richterich CEO	222 sale*	DE000A0D6554 Xetra	12,481 Euro 2,770.71 Euro
11-27-2006	Hansjörg Müller COO Operations	246 sale*	DE000A0D6554 Xetra	12,768 Euro 3,140.96 Euro
11-27-2006	Thomas Richterich CEO	308 sale*	DE000A0D6554 Xetra	12,768 Euro 3,932.58 Euro
11-06-2006	Hansjörg Müller COO Operations	1.408 buy	DE000A0D6554 Xetra	11,30 Euro 15,910.40 Euro
11-06-2006	Hansjörg Müller COO Operations	592 buy	DE000A0D6554 Xetra	11,30 Euro 6,689.60 Euro
06-09-2006	Dr. Hans Seifert Member of supervisory board	25.000 buy	DE000A0D6554 Xetra	11,85 Euro 296.250 Euro
05-23-2006	Dr. Hans Seifert Member of supervisory board	25.000 buy	DE000A0D6554 Xetra	11,64 Euro 291.000 Euro
05-22-2006	Hansjörg Müller COO Operations	2.500 buy	DE000A0D6554 Xetra	10,30 Euro 25.750 Euro
05-22-2006	Hansjörg Müller COO Operations	34.537 sale*	DE000A0D6554 off market	12,74 Euro 440.001 Euro
05-22-2006	Thomas Richterich CEO	43.171 sale*	DE000A0D6554 off market	12,74 Euro 549.999 Euro

* Sales of sub-share by financial investors

05-19-2006	Carsten Pedersen COO Sales	50.000 buy	DE000A0D6554 Xetra	12,67 Euro 633.500 Euro
05-03-2006	Nordvest A/S legal entity in relation with member of management board	86.702 sell	DE000A0D6554 Xetra	15,6608 Euro 1.357.822,68 Euro
05-02-2006	Nordvest A/S legal entity in relation with member of management board	1.400 sell	DE000A0D6554 Xetra	15,75 Euro 22.050.00 Euro
04-28-2006	Nordvest A/S legal entity in relation with member of management board	45.185 sell	DE000A0D6554 Xetra	15,518 Euro 701.180,83 Euro
04-24-2006	Nordvest A/S legal entity in relation with member of management board	45.000 sell	DE000A0D6554 Xetra	15,43 Euro 694.350 Euro
03-03-2006	Jens-Peter Schmitt Member of Supervisory Board	5.493 buy	DE000A0D6554 Xetra	8,80 Euro 48.338,40 Euro
03-03-2006	Jens-Peter Schmitt Member of Supervisory Board	77 buy	DE000A0D6554 Xetra	8,77 Euro 675,29 Euro
02-03-2006	Jens-Peter Schmitt Member of Supervisory Board	5.580 buy	DE000A0D6554 Xetra	8,80 Euro 49.104,00 Euro
02-03-2006	Jens-Peter Schmitt Member of Supervisory Board	100 buy	DE000A0D6554 Xetra	8,79 Euro 879 Euro
12-09-2005	Carsten Pedersen COO Sales	20.000 buy	DE000A0D6554 Frankfurt	4,75 Euro 95.000 Euro
09-07-2005	Carsten Pedersen COO Sales	20.000 buy	DE000A0D6554 Frankfurt	2,804 Euro 56.080 Euro
08-12-2005	Thomas Richterich CEO	250.000 buy	DE000A0D6554 (außerbörslich)	1 Euro 250.000 Euro
08-12-2005	Hansjörg Müller COO Operations	200.000 buy	DE000A0D6554 (außerbörslich)	1 Euro 200.000 Euro
04-14-2005	Nordvest A/S legal entity in relation with member of management board	11.528 sell	DE000A0D6554 Frankfurt	3,87 Euro 44.613,36 Euro
04-13-2005	Nordvest A/S legal entity in relation with member of management board	925 sell	DE000A0D6554 Frankfurt	3,90 Euro 3.607,50 Euro
04-12-2005	Nordvest A/S legal entity in relation with member of management board	6.000 sell	DE000A0D6554 Frankfurt	3,908 Euro 23.448 Euro
04-12-2005	Nordvest A/S legal entity in relation with member of management board	16.463 sell	DE000A0D6554 Frankfurt	4,015 Euro 66.098,95
03-15-2005	Nordvest A/S legal entity in relation with member of management board	2.500.000 buy	DE000A0D6554 (off market)	1 Euro 2.500.000 Euro
03-15-2005	Carsten Pedersen Member of Supervisory Board	8.000 buy	DE000A0D6554 (off market)	1 Euro 8.000 Euro