EANS-News: OVB Holding AG /

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9-month report

Köln (euro adhoc) - Significant year-on-year sales growth of 11.6%

- Sustained upturn in Central and Eastern Europe region

- Advisory and support capacity expanded by 246 to 4,822 consultants

- Operating income up 14.5% to EUR4.0 million

Cologne, 9 November 2011 - The OVB Group, which operates in 14
European countries, recorded total sales commission of EUR162.0
million in the first nine months of 2011, up 11.6% on the figure of
EUR145.2 million in the same period of the previous year. "The
uncertainty on the capital markets triggered by the eurozone debt
crisis means that 2011 has been particularly challenging. In light of
these conditions, OVB has enjoyed stable development and has
continued to grow," commented Wilfried Kempchen, Chief Executive
Officer of OVB Holding AG.

Business development in Central and Eastern Europe remained on a
sustained upward path: total sales commission of EUR94.3 million was
recorded in the first nine months of 2011, 43.3% more than in the
previous year (EUR65.9 million). In Germany, total sales commission
amounted to EUR50.4 million in the period under review (previous
year: EUR52.1 million). OVB´s business development in the Southern
and Western Europe segment was impacted by economic crises in certain
countries. At EUR17.2 million, total sales commission was down 36.7%
on the prior-year figure of EUR27.2 million.

The number of new contracts concluded across Europe increased by
15.4% to 387,776. Funds-based pension provision products continued to
enjoy the highest demand, accounting for 63% of new contracts
(previous year: 57%). 12% (previous year: 16%) of new contracts were
for other pension provision products, particularly traditional life
and annuity policies.

The number of customers rose by 1.6% to 2.84 million. In the period
from January to September 2011, OVB´s sales force was expanded by 222
or 5.4% and now consists of a total of 4,822 full-time financial
advisors. "The steady growth in our consultant base, particularly in
Central and Eastern Europe, will continue to form the basis for our
positive sales and earnings outlook in future," noted Wilfried
Kempchen.

In the first nine months of the 2011 financial year, the OVB Group
generated operating income of EUR4.0 million, up 14.5% on the
prior-year figure of EUR3.5 million. With an EBIT contribution of
EUR8.1 million (previous year: EUR5.6 million) and growth of 45.3%,
the Central and Eastern Europe segment was the main driver behind the
Group´s earnings development. The EBIT contribution from Germany
declined moderately year-on-year, from EUR4.5 million to EUR4.0
million. Due to the sustained weak economic situation in certain
countries, the Southern and Western Europe segment recorded an
operating loss of EUR1.6 million (previous year: operating profit of
EUR0.2 million).

"In early 2011, we set ourselves the target of recording higher sales
and earnings than in 2010. Based on current figures, we will achieve
this target despite the challenges posed by the economic situation in
certain national markets," commented Oskar Heitz, Chief Financial
Officer of OVB Holding AG. "We are looking to record further sales
and earnings growth in our year-end business."

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. OVB currently advises 2.84 million customers
across Europe, working in cooperation with over 100 renowned product
partners. OVB is presently active in 14 countries, with 4,822
full-time financial advisors working for the Group. In 2010, OVB
Holding AG and its subsidiaries generated total sales commission of
EUR197.3 million and EBIT of EUR4.8 million. OVB Holding AG has been
listed on the Frankfurt Stock Exchange (Prime Standard, ISIN
DE0006286560) since July 2006.

OVB will publish the results for the 2011 financial year on 27 March
2012.

A presentation and the interim report on the first nine months of
2011 can be downloaded from the Investor Relations section of
www.ovb.ag.

This IR release is also available on the Internet at:
http://www.ovb.ag/InvestorRelations/IRInformationen.aspx

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OVB Holding AG
Heumarkt 1
50667 Cologne
Germany

IR Contact:

Brigitte Bonifer
Investor Relations

Phone: +49(0)221 / 2015-288
Fax: +49(0)221 / 2015-325

bbonifer@ovb.de
ir@ovb.ag
Internet: www.ovb.ag

Further inquiry note:
Brigitte Bonifer
Investor Relations
Tel.: +49 (0)221 2015 288
E-Mail: bbonifer@ovb.de

end of announcement euro adhoc
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company: OVB Holding AG
Heumarkt 1
D-50667 Köln
phone: +49 (0)221 2015 0
FAX: +49 (0)221 2015 264
mail: ovb@ovb-holding.ag
WWW: www.ovb.ag
sector: Financial & Business Services
ISIN: DE0006286560
indexes: CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English