EANS-News: OVB Holding AG /

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

9-month report

Köln (euro adhoc) - OVB achieves total sales commission of EUR147.4
million in first nine months of 2009

Business dominated by financial and economic crisis

Robust development in Germany under difficult market conditions

Cost savings programs taking effect

Cologne, 6 November 2009 - At EUR147.4 million, the total sales
commission generated in the first nine months of 2009 by the
financial services provider OVB Holding AG, which operates in 14
European countries, was EUR47.2 million or 24.2% down on the previous
year´s strong figure of EUR194.6 million.

In the Central and Eastern Europe region, which is particularly
affected by the economic downturn, a year-on-year decline in reported
sales commissions of 34.0% to EUR62.1 million was sustained over the
nine-month period.

The positive sales development of the new national companies of Spain
and France, which also held out in the third quarter of 2009, was
unable to offset the decline in sales commissions in the Southern and
Western Europe segment, which is primarily attributable to the fall
in sales in Austria, especially in the area of investments.

Total sales commissions in Germany fell by 9.3% year-on-year from
EUR60.9 million to EUR55.2 million in the period from January to
September 2009. The continued expansion of the sales force to 1,335
(previous year: 1,252) financial advisors had a stabilising effect.

Earnings before interest and taxes (EBIT) fell from EUR22.3 million
to EUR6.2 million, above all due to lower sales. The EBIT margin -
related to total sales commission - amounted to 4.2%, down from 11.5%
in the same period of the previous year. "We are not satisfied with
our current earnings situation. However, we expect to bring about a
sustained improvement by means of a sales expansion following this
temporary weak phase," says Oskar Heitz, Chief Financial and
Administrative Officer of OVB Holding AG. "We are also implementing
countermeasures in the form of significant cost savings."

OVB reduced other operating expenses by 10.9% to EUR34.6 million in
the period from January to September. Based on a comparison of the
third quarter of 2009 with that of 2008, OVB brought about a decrease
in this item of 17.1%, which illustrates the effectiveness of the
current cost savings programs.

There was a renewed positive development in the number of customers
advised by OVB. Despite unfavourable underlying conditions, the
number of customers at the end of the period under review was
increased by 3.0% to 2.791 million. The number of financial advisors
working for OVB across Europe declined over the same period by 251
from 4,966 to 4,715 sales representatives. The decline, which has
predominantly taken place since the start of 2009, is attributable to
the challenging market conditions currently prevailing in some
countries. A positive development in terms of the number of financial
advisors is to be observed in Germany, where the sales team was
expanded by 83 to 1,335 financial advisors.

In the area of long-term pension products the focus of demand among
our customers remains geared towards fund-linked pension products,
which accounted for 56% of product sales in the first three quarters
of the year.

"In the remaining months of the current financial year we expect an
upturn during the end-of-year business period," explains CEO Wilfried
Kempchen with a view to the outlook for the year as a whole. "In view
of the sharp gross national product downturn in Europe and based on
the results posted at the end of September we expect a development in
2009 in line with our expectations to date. It should be possible to
achieve total sales commission of between EUR190 million and EUR200
million and we are also maintaining our ambitious target of posting
EBIT in the area of EUR10 million.

About OVB Group

OVB Group, with its holding company headquartered in Cologne, is one
of the leading European financial sales organisations. Since the
formation of OVB Vermögensberatung AG in Germany in 1970,
customer-oriented consulting for private households in the areas of
insurance coverage, asset building and appreciation, pension
provision and real estate acquisition have formed the focus of OVB´s
business activities. Currently OVB advises some 2.8 million customers
across Europe and works together with more than 100 renowned product
partners. OVB is presently active in 14 countries, with some 4,700
full-time financial consultants working for the Group. In 2008, OVB
Holding AG - which has been listed on the Frankfurt Stock Exchange
(Prime Standard, ISIN DE0006286560) since July 2006 and on the SDAX
of Deutsche Börse AG since 22 June 2009 - and its subsidiaries
generated total sales commission of EUR260.2 million and EBIT of
EUR28.8 million.

OVB Holding AG will present the results for the 2009 financial year
on 31 March 2010 in Frankfurt am Main.

A presentation and the interim report on the first nine months of
2009 can be downloaded from the Investor Relations section of
www.ovb.ag.

This corporate news is also available as a press release on the
Internet at: www.ovb.ag -> Press -> Press Releases

Key figures of the OVB Group for the first three quarters of 2009

|Key operating figures|Unit |01.01. - |01.01. - |Change |
| | |30.09.2008 |30.09.2009 | |
|Customers (30 |Number in |2.71 |2.79 |+ 3.0 % |
|September) |million | | | |
|Financial advisors |Number |4,966 |4,715 |- 5.1 % |
|(30 September) | | | | |
|New policies |Number |437,385 |372,439 |- 14.8 % |
|Total sales |EUR million|194.6 |147.4 |- 24.2% |
|commission | | | | |

|Key financial figures|Unit |01.01. - |01.01. - |Change |
| | |30.09.2008 |30.09.2009 | |
|Earnings before |EUR million|22.3 |6.2 |- 72.0 % |
|interest and taxes | | | | |
|(EBIT) | | | | |
|EBIT margin* |% |11.5 |4.2 |- 7.3 % |
| | | | |pts. |
|Consolidated net |EUR million|19.2 |4.7 |-75.3 % |
|income | | | | |
|Earnings per share |EUR |1.35 |0.33 |-75.3 % |
|(basic) | | | | |

* on the basis of total sales commission

Key figures by region for the first three quarters of 2009

| |Unit |01.01. - |01.01. - |Change |
| | |30.09.2008 |30.09.2009 | |
|Central and Eastern | | | | |
|Europe | | | | |
|Customers (30 |Number in |1.70 |1.77 |+ 4.1 % |
|September) |million | | | |
|Financial advisors |Number |2,965 |2,729 |- 8.0 % |
|(30 September) | | | | |
|Total sales |EUR million|94.1 |62.1 |- 34.0 % |
|commission | | | | |
|EBIT |EUR million|16.9 |7.6 |- 54.9 % |
|EBIT margin* |% |18.0 |12.3 |- 5.7 % |
| | | | |pts. |
|Germany | | | | |
|Customers (30 |Number |692,350 |694,883 |+ 0.4 % |
|September) | | | | |
|Financial advisors |Number |1,252 |1,335 |+ 6.6 % |
|(30 September) | | | | |
|Total sales |EUR million|60.9 |55.2 |- 9.3 % |
|commission | | | | |
|EBIT |EUR million|5.1 |4.2 |- 18.5 % |
|EBIT margin* |% |8.4 |7.6 |- 0.8 % |
| | | | |pts. |
|Southern and Western | | | | |
|Europe | | | | |
|Customers (30 |Number |313,850 |324,340 |+ 3.3 % |
|September) | | | | |
|Financial advisors |Number |749 |651 |- 13.1 % |
|(30 September) | | | | |
|Total sales |EUR million|39.6 |30.1 |- 23.9 % |
|commission | | | | |
|EBIT |EUR million|4.9 |0.8 |-84.4 % |
|EBIT margin* |% |12.4 |2.5 |- 9.9 % |
| | | | |pts. |

* on the basis of total sales commission

-----------------------

OVB Holding AG
Heumarkt 1
50667 Cologne
Germany

Contact:
Katja Meenen
Manager Public Relations

Tel: +49 (0) 221 / 2015-464
Fax: +49 (0) 221 / 2015-325

kmeenen@ovb.de
Internet: www.ovb.ag

Press contact:
Cornelia von Poser
Stockheim Media GmbH

Tel: +49 (0) 69 / 133 896-18
Fax: +49 (0)69 / 133 896-19
cvp@stockheim-media.com

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: OVB Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Brigitte Bonifer

Investor Relations

Tel.: +49 (0)221 2015 288

E-Mail: bbonifer@ovb.de

Branche: Financial & Business Services
ISIN: DE0006286560
WKN: 628656
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade