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

Item 5.          Interest in Securities
of the Issuer.

(a)       Based upon the information contained in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission
on October 31, 2017, there were issued and outstanding 75,534,183 Shares as of October 26, 2017.

(b)       The Reporting Person does not directly own any Shares. The Reporting Person has entered into an investment advisory
agreement with each of AJR, Cambrian Fund, Cambrian Global Fund and the Other Accounts pursuant to which the Reporting Person has
investment authority with respect to the securities held by such entities or in such accounts. Such power includes the power to
dispose of and the power to vote the Shares. By reason of the provisions of Rule 13d-3 of the Securities Exchange Act of 1934,
as amended, the Reporting Person is deemed to be the beneficial owner of the Shares held by such entities and accounts. Accordingly,
the Reporting Person is deemed the beneficial owner of 6,799,000 Shares, or 9.0% of the outstanding Shares.

(c)       The following table details the transactions by the Reporting Person, on behalf of AJR, Cambrian Fund, Cambrian
Global Fund, and the Other Accounts in Shares during the past sixty (60) days: