EANS-News: Hypoport AG / Hypoport reports a marked increase in transaction volumes

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Company Information/transaction volumes

Berlin (euro adhoc) - 20 October 2009: The volume of transactions
processed on the Europace platform increased significantly in the
third quarter 2009. At the same time, the restructuring process among
product providers has stabilised. In light of current interest rate
structures, customers are opting for shorter terms.

The volume of financial service transactions processed on Europace
increased once more over the third quarter 2009. By
quarter-on-quarter (Q2 2009) comparison, the total volume increased
by 14 percent to its current level of EUR 3.59 billion. Certain
product providers who were no longer able to offer competitive terms
and conditions fell back on the market place and had to be
counterbalanced by new partners during the second quarter, whereas
the product providers remained relatively stable over the third
quarter. The Group was able to expand its business cooperation with
new product providers, in particular.

Growth was witnessed in all of the product categories. The volume of
mortgage financing increased by 14 percent compared with the previous
quarter to EUR 3.20 billion. Personal loans increased by 13 percent
to their current level of EUR 0.35 billion, whereas building society
contracts - which are being included in the reported figures from now
on - gained 16 percent to EUR 44 million. These increases represent
new record highs for both personal loans and building society
contracts, whereas mortgage financing deals are just 9 percent short
of their historical all-time high (Q4/2008).

Overall fee income declined, however, as a result of the considerably
shorter terms of the financial service contracts as these fees are
calculated on the basis of transaction volume and term of the
product. The fixed-interest term for a mortgage loan is currently
down to 9.25 years on average. One year ago, this average was 24
percent higher - at 11.51 years - than it is today. "We are not
concerned about this development over the long term," is how Thilo
Wiegand, member of the Management Board of Hypoport AG and
responsible for the financial services division, sees this short-term
trend. "The shorter terms are the result of increased utilisation of
KfW (subsidy) programmes and of the current interest rate structure
curve, which is making short-term loans substantially cheaper than
long fixed-interest periods," says Wiegand. The shorter terms also
meant, however, that the financings of those customers were returning
to the platform sooner to be renewed. This structure could, however,
be expected to return to more normality over the medium to longer
term.

…/…

About Hypoport AG

Hypoport Group is an internet-based all-round financial services
provider based in Berlin. The Group employs some 450 people. The
company has been listed in the Prime Standard on Deutsche Börse since
the end of 2007. Its business model consists of two reciprocally
beneficial pillars - the sale of financial products (Dr. Klein & Co.
AG) and the provision of a platform for transacting financial
products via the internet. 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 40 product providers 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. Hypoport AG publishes the monthly house price
index (HPX) based on real transaction data.

A list of the banks and service providers that use the platform can
be downloaded from www.hypoport.de, as can the Annual Report 2008.

Ende der Mitteilung euro adhoc
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ots Originaltext: Hypoport AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Michaela Reimann

Group Communications Manager

Telefon: +49(0)30 42086-1936

E-Mail: michaela.reimann@hypoport.de

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