13 Issued capital and purchase of treasury shares

In the first quarter of 2011, Deutsche Post AG acquired 1.65 million shares at a total price of €21 million, including transaction costs, to settle entitlements due under the 2010 tranche of the bonus programme for executives (Share Matching Scheme). Consequently, issued capital was reduced by the notional value of the shares purchased. The average purchase price per share was €12.783.

The notional value of the treasury shares is deducted from issued capital and the difference between the notional value and the reported value of the treasury shares is deducted from retained earnings.

Issued capital will increase again when the shares are issued to executives in April 2011. Changes in treasury shares are presented in the statement of changes in equity.

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