Interim Report for the First Quarter of 2008

 Sales increased by 45% in a difficult market

Superior business models and investment into the future

First Annual General Meeting since the company was listed in 2007 to
take place on May 16th, 2008

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Berlin (euro adhoc) - For Hypoport AG, the 2008 fiscal year has
started out auspiciously. The 45% increase of our turnover as
compared to the same quarter of the preceding year clearly shows the
dynamic growth characterizing our as yet young company. In
particular, sales in our private banking business unit "Other
Financial Services Products" have taken an exceptionally positive
development. Ronald Slabke, Co-CEO of Hypoport AG, confirmed, "We
were able to increase the sales of our miscellaneous banking and
insurance products to such a considerable degree that today, the
lion´s share of our turnover is generated by this field of business,
if we leave aside our real estate financing division."

This means that Hypoport AG is independent of the short-term market
fluctuations that are currently hitting the private real estate
financing market. "We will continue to invest into the expansion of
existing business models and will develop new ones. If the framework
conditions remain as they are, we believe that our company will
continue its positive development in 2008," stated Prof. Dr. Thomas
Kretschmar, Co-CEO. May 16th, 2008 will see the first annual general
meeting of the company since it was listed on the stock exchange in
October of 2007. The AGM will be held at its corporate headquarters
at Alexanderplatz in Berlin.

Revenue Development In the first quarter of 2008, the Hypoport group
was able to increase its turnover as compared to the same period in
the previous year by a considerable margin: it soared up by 45%, from
EUR 8.7 million to EUR 12.6 million. The EBITDA also increased by
plus 5% from EUR 2.0 million to EUR 2.1 million in the first quarter
of 2008.

In spite of the stagnation on the general market - due to the slump
in private real estate financing and the unattractive interest rate
development - the private banking business unit has been working
against the current trend, increasing its sales by 49% to EUR 7.6
million (Q1 of 2007: EUR 5.1 million). In another field, the key
figure of leads gained (customer inquiries), which reflects the
development of the business, set a new record in the first three
months of the year at approximately 1.2 million (Q1 of 2007: 0.5
million).

Share Price The first quarter of this year was characterized by
volatile capital markets. The Deutsche Aktienindex (DAX) stock index
lost nearly a quarter of its value, which was the result of the
existing uncertainty on the credit markets that has not been
mitigated yet. This was a development that also caught up with the
Hypoport stock. At expected low trading activity, the price per
share moved from approximately EUR 15 at the beginning of this year
to approximately EUR 11 at the end of the quarter.

"We are positive that the clearly positive development experienced by
Hypoport AG, against all odds on the market, and its continued
successful growth will also entail a systematic increase of our
company´s value as a going concern," stated Slabke.

Investing into the future In addition to investing into the further
development of the EUROPACE financial marketplace, the major
investment projects we pursued in the first quarter of 2008 were the
establishment of Starpool Finanz GmbH, Berlin, together with Deutsche
Postbank AG, Bonn, and of GENOPACE GmbH, Berlin. The purpose of
these companies is to broker loans on the basis of the EUROPACE
platform. Both companies will commence operations in the second
quarter and will contribute to the further growth of the Hypoport
group.

The number of employees has likewise increased as a direct result of
the increased sales. As per March 31st, 2008, the group (at its
Lübeck and Berlin locations) has 439 excellently trained and highly
motivated employees. This corresponds to a 9% increase as compared
to the situation given at the end of 2007.

For further information and to download the Interim Report as per
March 31st, 2008, please log onto our website at
www.hypoport.de/publikationen.html or to the press center at
www.hypoport.de

About Hypoport AG The Hypoport Group is an internet-based all-round
financial services provider. Its business model consists of two
reciprocally beneficial pillars - the sale of financial products and
the provision of a platform for transacting financial products via
the internet.

Dr. Klein & Co. AG, Hypoport's wholly owned subsidiary, provides
banking and finance products - ranging from current accounts to
insurance policies to mortgage financing - to private clients via the
internet and, if requested, offers advice both over the telephone or
face-to-face. Dr. Klein & Co. AG is an independent company that
selects the best products for the client from a wide range offered by
more than 100 well-known banks and insurance companies. The web-based
processes generate cost benefits that are passed on to the private
clients. This enables Dr. Klein to usually offer much better terms
than local banks, savings banks or insurance agents. In addition, the
corporate property clients division at Dr. Klein, which has been
operating since 1954, leads the market for financing municipal and
cooperative residential property companies.

Hypoport operates the EUROPACE B2B financial marketplace, which is
the largest German online platform for transacting financing
products. A fully integrated system links more than 30 banks with
several thousand financial advisors, thus enabling the quick and
direct agreement of contracts. The platform's highly automated
processes generate considerable cost benefits. Nowadays, EUROPACE
processes some 400 financing transactions every day. EUROPACE is also
used as an information platform for ABS transactions throughout
Europe

end of announcement euro adhoc
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ots Originaltext: Hypoport AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Karen Niederstadt

Group Communications Director

Telefon: +49(0)30 42086-1930

E-Mail: karen.niederstadt@hypoport.de

Branche: Financial & Business Services
ISIN: DE0005493365
WKN: 549336
Börsen: Börse Frankfurt / regulated dealing/prime standard


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