EANS-News: Hypoport and PSD Banks agree on cooperation

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Joint Ventures/Cooperation/Collaboration/Company news

Frankfurt (euro adhoc) - 9 September 2009: Together with Hypoport AG,
eleven of the fifteen cooperative PSD banks have jointly laid the
foundation for extensive cooperation. In addition to significantly
increasing the volume of transactions processed on Europace, the
strategic partnership will focus of jointly developing
next-generation products and optimising existing internal and
external processes.

In August 2009, Hypoport Group and the PSD banks that will be linked
to the platform in future agreed to strengthen their collaboration on
an ongoing basis. A couple of the members of the PSD banking group
have already been operating successfully in the Europace B2B
financial marketplace over the past two years. Now, however,
extensive cooperation has been contractually defined for eleven PSD
banks. The requirements of the PSD banks in respect of the Europace
platform will be implemented as the first step to enable the use of
their sales organisations. Further plans include joint efforts to
develop additional products, alongside consumer loans, and to add the
category of passive products to Europace.

"Our experience with those PSD banks that are already linked to the
system has demonstrated the integrity, long years of experience and
consistently prominent market positioning of the PSD banking group in
the mortgage financing market. Which is why we are so delighted to
have reached agreement on this cooperation. It will bring additional
stability to Hypoport, while at the same time offering development
potential and, of course, attracting more business", according to
Prof. Dr. Thomas Kretschmar, member of the Management Board and
Co-CEO at Hypoport. Ideas have been jointly developed for designing
processes and products to produce a marked increase in transaction
volumes. The direct banking group enjoys an excellent reputation in
the industry and is, moreover, a competitive partner who will
guarantee Hypoport further independence from individual market
players. Added to which, the plan to jointly develop product groups
in future underlines the long-term nature of the cooperation which
will, in turn, have a positive impact on all Europace partners,
according to Kretschmar.

"The B2B platform operated by Hypoport AG will give us access to a
major new marketplace on which we have so far not been a major
player", is the reason given by Rudolf Conrads for PSD´s decision to
strengthen the cooperation. Mortgage financing business, especially,
has changed in recent years, with focus shifting strongly towards
sales platforms. According to Conrads, the decision by PSD banks
emphasises their intention of keeping pace with this long-term
development.

Linking into Europace will provide PSD banks with added scope for
action and add a further pillar to their organisation of sales
channels. In addition to gaining access to a fully automated
marketplace with its associated IT system, the cooperation will also
allow the PSD banks that are linked to the platform to benefit from
the knowledge of a very experienced partner in terms of optimising
business models and processes. Hypoport´s involvement will help to
standardise the processes of the individual PSD banks, which still
differ considerably, while the white label solution will homogenise
the presentation of all member banks on the sales platform.

About PSD Banking Group PSD banks (formerly Post, Spar- und
Darlehensvereine - an association of post office banks, savings and
lending institutions) are a group of direct banks belonging to the
federal association of German cooperative banks (Bundesverband der
Deutschen Volksbanken und Raiffeisenbanken (BVR)). PSD Banks were
founded in 1872 and thus constitute the oldest group of direct banks
in Germany. Nowadays, the PSD banking group consists of 15
independently operating members, together with a central service
company and the umbrella association Verband der PSD Banken e.V.,
which is headquartered in Bonn.

About Hypoport AG Hypoport Group is an internet-based all-round
financial services provider based in Berlin. The Group employs more
than 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.

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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