13D Filing: Atlantic Investment Management and Diebold Nixdorf Inc (DBD)

The Reporting Person and their representatives have, from time to time, engaged in, and expect to continue to
engage in, discussions with members of management and the board of directors of the Issuer (the “Board”), other current
or prospective shareholders, industry analysts, existing or potential strategic partners or competitors, investment and financing
professionals and other third parties regarding a variety of matters related to the Issuer, which may include, among other things,
the Issuer’s business, management, capital structure and allocation, corporate governance, Board composition and strategic
alternatives and direction, and may take other steps seeking to bring about changes to increase shareholder value.

Except as set forth
above, the Reporting Person has no present plans or proposals which relate to or would result in any of the transactions required
to be described in Item 4 of Schedule 13D.

Item 4 is hereby
supplemented with the addition of the following:

Since the November 16, 2017 filing, the Reporting Person has continued to be in active discussions with the
Issuer with regard to ways to enhance long term shareholder value. Recent sales of Issuer’s shares by the Reporting Person
do not reflect a loss of confidence in the Issuer’s prospect for substantial capital appreciation over time. The Reporting
Person has taken note of the December 13, 2017 announcement of the resignation of CEO Andy Mattes and is supportive of the appointment
of the two interim co-CEO’s, Chris Chapman and Juergen Wunram, and the search for a qualified permanent CEO. Further, the
Reporting Person continues to be supportive of the Issuer’s merger integration plan and continues to have confidence in the
Issuers’ ability to achieve its stated 2020 financial targets per the February 2017 Investor Day.