OVB remains on growth path after first six months

--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------

companies/Half-Year-Results 2008

Köln (euro adhoc) - -Sales up 9.1% thanks to systematic focus on
Europe

-Consolidated net profit rises by 16.3%

-Significant increase in dividend planned

Cologne, 14 August 2008 - OVB Holding AG (Prime Standard, ISIN
DE0006286560) recorded consolidated sales (total sales commission) of
E132.5 million in the first half of 2008, up 9.1% on the first six
months of the previous year (E121.5 million). "In an environment
of bad news and growing uncertainty in terms of future economic
development, both in Germany and abroad, I consider these results
to be extremely encouraging," commented Michael Frahnert, Chairman
of the Executive Board of OVB Holding AG, adding: "OVB remains on its
growth path."

OVB's systematic focus on Europe made a significant contribution
to the positive course of business in the first half of 2008. Sales
growth in Central and Eastern Europe was particularly pronounced,
with total sales commission in the region increasing by 16.3%
year-on-year to E63.9 million (previous year: E54.9 million). In the
Germany segment, sales were down slightly at E41.1 million (previous
year: E42.5 million); this meant that OVB successfully absorbed the
impact of the weak domestic market, which is providing little in the
way of momentum for the industry as a whole. In Southern and
Western Europe, OVB increased its total sales commission by 13.4% to
E27.3 million (previous year: E24.1 million).

Earnings before interest and taxes (EBIT) remained essentially
unchanged at E16.7 million, compared with E16.6 million in the same
period of the previous year. This was due in part to Germany,
where EBIT declined by around E0.6 million year-on-year, as well
as to necessary expenses for the continued growth and success of
the Group - for example, the successive introduction of the new
"myOVB" customer relationship management (CRM) system, which will be
a key instrument in ensuring the sales success and customer
orientation of OVB's financial consultants. EBIT development in the
first half of 2008 was also impacted by a further increase in
training costs and the expansion of the services provided by the
Group's growing sales team. All in all, the consolidated EBIT margin
for the first six months of 2008 amounted to 12.6%, compared with
13.7% in the first half of 2007 and 11.8% in 2007 as a whole.

At E14.2 million, net profit for the first six months of 2008 was up
16.3% or E2.0 million year-on-year. This development was driven by
the continued tax optimisation resulting from the profit and loss
transfer agreement with OVB Vermögensberatung AG, which was
approved by the Annual General Meeting on 3 June 2008. Basic
earnings per share for the first six months of 2008 increased to
E1.00 after E0.86 in the previous year.

OVB expects its business development to accelerate in the second
half of the year and is reiterating its double-digit growth forecasts
in terms of sales and earnings. Accordingly, the Executive Board
will propose to the Supervisory Board that the dividend be further
increased to between E1.25 and E1.35 per share.

The number of customers advised by OVB in 14 European countries rose
by more than 183,000 or 7.2% year-on-year to 2.68 million. During the
same period, the number of full-time advisors increased by 544 or
12.3% to 4,950.

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. OVB currently advises more than 2.65 million
customers across Europe, working in cooperation with over 100
renowned product partners. OVB is presently active in 14 countries,
with some 4,900 full-time financial consultants working for the
Group. In 2007, OVB Holding AG - which has been listed on the
Frankfurt Stock Exchange (Prime Standard) since July 2006 - and
its subsidiaries generated total sales commission of E246.2 million
and EBIT of E29.0 million (2007 Annual Report).

OVB will publish its results for the third quarter on 18 November
2008.

A presentation and the interim report on the first six months of
2008 can be downloaded from the Investor Relations section of
www.ovb.ag.

This IR release is also available on the Internet at:
www.ovb.ag-Investor Relations-Financial Publications-IR Releases

Key figures for the OVB Group 6M/2008

|Key operating figures|Unit |01/01 - |01/01 - |Change |
| | |30/06/2007 |30/06/2008 | |
|Clients (30/06) |Number |2.50 |2.68 |+ 7.2 % |
| |million | | | |
|Financial advisors |Number |4,406 |4,950 |+ 12.3 % |
|(30/06) | | | | |
|New business |Number |267,600 |297,230 |+ 11.1 % |
|Total sales |Euro |121.5 |132.5 |+ 9.1 % |
|commission |million | | | |

|Key financial figures|Unit |01/01 - |01/01 - |Change |
| | |30/06/2007 |30/06/2008 | |
|Earnings before |Euro |16.6 |16.7 |+ 0.5 % |
|interest and taxes |million | | | |
|(EBIT) | | | | |
|EBIT margin* |% |13.7 |12.6 |- 1.1 |
| | | | |%-pts. |
|Consolidated net |Euro |12.2 |14.2 |+ 16.3 % |
|income |million | | | |
|Earnings per share |Euro |0.86 |1.0 |+ 16.3 % |
|(undiluted) | | | | |

* Based on total sales commission

Key figures by region 6M/2008

| |Unit |01/01 - |01/01 - |Change |
| | |30/06/2007 |30/06/2008 | |
|Central and Eastern | | | | |
|Europe | | | | |
|Clients (30/06) |Number |1.54 |1.68 |+ 9.1 % |
| |million | | | |
|Financial advisors |Number |2,406 |2,930 |+ 21.8 % |
|(30/06) | | | | |
|Total sales |Euro |54.9 |63.9 |+ 16.3 % |
|commission |million | | | |
|EBIT |Euro |12.1 |12.2 |+ 1.0 % |
| |million | | | |
|EBIT margin* |% |22.0 |19.1 |- 2.9 |
| | | | |%-pts. |
|Germany | | | | |
|Clients (30/06) |Number |675,100 |690,200 |+ 2.2 % |
|Financial advisors |Number |1,281 |1,252 |- 2.3 % |
|(30/06) | | | | |
|Total sales |Euro |42.5 |41.4 |- 2.6 % |
|commission |million | | | |
|Brokerage income |Euro |32.0 |30.6 |- 4.2 % |
| |million | | | |
|EBIT |Euro |4.3 |3.6 |- 14.6 % |
| |million | | | |
|EBIT margin* |% |10.0 |8.7 |- 1.3 |
| | | | |%-pts. |
|Southern and Western | | | | |
|Europe | | | | |
|Clients (31/03) |Number |279,200 |307,800 |+ 10.2 % |
|Financial advisors |Number |719 |768 |+ 6.8 % |
|(31/03) | | | | |
|Total sales |Euro |24.1 |27.3 |+ 13.4 % |
|commission |million | | | |
|EBIT |Euro |3.8 |4.1 |+ 8.3 % |
| |million | | | |
|EBIT margin* |% |15.7 |15.0 |- 0.7 |
| | | | |%-pts. |

* Based on total sales commission

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

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.de
Internet: www.ovb.ag

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: 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