Consensus Estimates

Consensus figures have been collected at analyst estimated reporting currencies. These estimated rates are noted for each period in the consensus figures. Earlier in 2010, Wolters Kluwer provided full-year 2010 guidance at a constant currency EUR/ USD rate of 1.39. In terms of currency sensitivity it is expected that a 1 point change in the EUR/ USD rate will have an approximate 0.006 Euro impact on EPS.

Half-Year 2010

Consensus HY 2010
Estimates		 Organic
Revenue
Growth		 Ordinary EBITA
Margin		 Diluted
Ordinary
EPS (EUR)*		 Free Cash
Flow
(EUR Million)
Average -0.8% 19.0% 0.67 129
Date: July 2nd, 2010
Calculation based on 24 analysts
Analysts submitted estimates based on an average analyst reporting currency rate of EUR/USD 1.34
*Before exceptional items

Full-Year 2010

Consensus FY 2010
Estimates		 Organic
Revenue
Growth		 Ordinary EBITA
Margin		 Diluted
Ordinary
EPS (EUR)*		 Free Cash
Flow
(EUR Million)
Average -0.3% 20.3% 1.48 417
Date: July 2nd, 2010
Calculation based on 24 analysts
Analysts submitted estimates based on an average analyst reporting currency rate of EUR/USD 1.31
*Before exceptional items

Full-Year 2011

Consensus FY 2011
Estimates		 Organic
Revenue
Growth		 Ordinary EBITA
Margin		 Diluted
Ordinary
EPS (EUR)*		 Free Cash
Flow
(EUR Million)
Average 2.4% 21% 1.63 478
Date: July 2nd, 2010
Calculation based on 24 analysts
Analysts submitted estimates based on an average analyst reporting currency rate of EUR/USD 1.287
*Before exceptional items

Full-Year 2012

Consensus FY 2012
Estimates		 Organic
Revenue
Growth		 Ordinary EBITA
Margin		 Diluted
Ordinary
EPS (EUR)*		 Free Cash
Flow
(EUR Million)
Average 3.1% 21.5% 1.75 531
Date: July 2nd, 2010
Calculation based on 24 analysts
Analysts submitted estimates based on an average analyst reporting currency rate of EUR/USD 1.287
*Before exceptional items