euro adhoc: OVB Holding AG / Correction: Release of a voting rights announcement according to article 26, section 1.1 WpHG (Securities Trading Act) with the aim of a Europe-wide distribution

--------------------------------------------------------------------------------
Notification of voting rights transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Person/company obliged to make the notification:
------------------------------------------------
Name: Grocon Grundstücks- und Beteiligungsgesellschaft mbH
Place: Hamburg, Deutschland
State: Deutschland

Company data:
-------------
Name: OVB Holding AG
Address: Heumarkt 1, 50667 Köln
Place: Köln
State: Deutschland

30.05.2008

OVB Holding AG
Cologne

Correction of a release according to Article 26, Section 1 of the
WpHG [the German Securities Trading Act] with the objective of
Europe-wide distribution

In accordance with Articles 21 ff. of the WpHG, the following
corrected disclosure was made to our Company on 29 May 2008:

GROCON Grundstücks- und Beteiligungsgesellschaft mbH, Hamburg,
Germany:

"In line with Article 21 (1) of the WpHG we hereby disclose that our
voting rights in OVB Holding AG exceeded the threshold of 75% on 3
April 2008 and amounts to 83.16% (11,851,000 voting rights).

Of these, 68.99% (9,831,400 voting rights) were attributable to us in
line with Article 22 (2) of the WpHG.

Voting rights were attributed to us from the following shareholders,
whose individual voting rights share in OVB Holding AG amounted to 3%
or more:

-Deutscher Ring Beteiligungsholding GmbH -Iduna Vereinigte
Lebensversicherung aG für Handwerk, Handel und Gewerbe -Volksfürsorge
Deutsche Lebensversicherung AG.

A further 14.17% (2,019,600 voting rights) are attributable to us in
line with Article 22 (1) Clause 1 No. 1 of the WpHG.

The voting rights attributed to us were held by the following company
controlled by us, whose voting rights share in OVB Holding AG
amounted to 3% or more:

-Deutscher Ring Financial Services GmbH."

Cologne, 30 May 2008
OVB Holding AG
Executive Board

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

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

Further inquiry note:

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