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 2009, Wolters Kluwer provided full-year 2009 guidance at a constant currency EUR/ USD rate of 1.47. 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.

Full-Year 2009

Consensus FY 2009
Estimates		 Revenues
(EUR million)		 Ordinary EBITA
(EUR million)*		 Ordinary Net Income before
amortization of
intangible fixed assets
(EUR million)*		 Diluted
Ordinary
EPS (EUR)*
Average 3,480 700 435 1.50
Date: December 30, 2009
Calculation based on 29 analysts
Analysts submitted estimates based on an average analyst reporting currency rate of EUR/USD 1.39
*Before exceptional items

Full-Year 2010

Consensus FY 2010
Estimates		 Revenues
(EUR million)		 Ordinary EBITA
(EUR million)*		 Ordinary Net Income before
amortization of
intangible fixed assets
(EUR million)*		 Diluted
Ordinary
EPS (EUR)*
Average 3,403 698 439 1.50
Date: December 30, 2009
Calculation based on 29 analysts
Analysts submitted estimates based on an average analyst reporting currency rate of EUR/USD 1.46
*Before exceptional items

Full-Year 2011

Consensus FY 2011
Estimates		 Revenues
(EUR million)		 Ordinary EBITA
(EUR million)*		 Ordinary Net Income before
amortization of
intangible fixed assets
(EUR million)*		 Diluted
Ordinary
EPS (EUR)*
Average 3,493 744 481 1.63
Date: December 30, 2009
Calculation based on 29 analysts
Analysts submitted estimates based on an average analyst reporting currency rate of EUR/USD 1.46
*Before exceptional items

Full-Year 2012

Consensus FY 2012
Estimates		 Revenues
(EUR million)		 Ordinary EBITA
(EUR million)*		 Ordinary Net Income before
amortization of
intangible fixed assets
(EUR million)*		 Diluted
Ordinary
EPS (EUR)*
Average 3,598 775 513 1.73
Date: December 30, 2009
Calculation based on 29 analysts
Analysts submitted estimates based on an average analyst reporting currency rate of EUR/USD 1.46
*Before exceptional items