EANS-News: OVB Holding AG /

OVB concludes the 2009 financial year with sound results

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annual result

Subtitle: OVB concludes the 2009 financial year with sound results

Köln (euro adhoc) - - Sales of EUR 201.6 million exceed forecast

- EBIT reaches EUR 9.6 million

- Dividend of EUR 0.50 per share proposed

Cologne/Frankfurt am Main, 30 March 2010 - OVB Holding AG closed
the 2009 financial year with sound results despite a difficult
market environment. Total sales commission reached EUR201.6 million
(previous year: EUR 260.2 million). "We have come through the
financial and economic crisis well to date and were able to limit
the decline in sales and earnings," said Wilfried Kempchen,
Chief Executive Officer of OVB Holding AG. "We achieved the targets
we forecast for 2009 as a whole."

The Central and Eastern Europe segment contributed EUR 84.3 million
to total sales commission (previous year: EUR 122.7 million).
Germany generated total sales commission of EUR 77.0 million
(previous year: EUR 85.2 million). In 2009, sales in Southern and
Western Europe were down on the previous year´s volume at EUR 40.3
million (EUR 52.3 million).

Although earnings before interest and taxes (EBIT) were within
the forecast range at EUR 9.6 million, they decreased by
two-thirds (-66.6%) year-on-year (previous year: EUR 28.8 million).

In absolute terms, EBIT declined most heavily in Central and
Eastern Europe, falling from EUR 22.2 million to EUR 9.2 million
(-58.6%). The Southern and WesternEurope segment reported an 81.6%
reduction in EBIT to EUR 1.2 million (previous year: EUR
6.5 million). Operating income in the Germany segment only
decreased modestly in comparison, falling by 4.0% to EUR
7.1 million (previous year: EUR 7.4 million).

Consolidated net income for 2009 was well within the positive
range at EUR 8.8 million (previous year: EUR 24.4 million). Basic
earnings per share amounted to EUR 0.61 (previous year: EUR 1.71).

OVB´s client base continues to number around 2.8 million clients
across Europe - an indication that OVB´s financial consultants enjoy
the confidence of their customers, even in a difficult economic
environment.

At year-end 2009, 4,664 financial advisors worked full time for
OVB in 14 European countries. This figure is 4.1% or 198 sales
representatives lower than at the previous year-end, when 4,862
independent financial advisors were selling the provision and
financial products of OVB´s product partners. This process
corresponds to the reduction in business volume due to the
economic conditions. However, it took place significantly more slowly
than the decrease in sales.

In view of the muted earnings performance in the financial year just
ended, the Executive Board and Supervisory Board propose a dividend
of EUR0.50 per share to the Annual General Meeting to be held on 11
June 2010. This corresponds to a dividend total of EUR
7.1 million.

OVB expects the situation to stabilise gradually in 2010, despite
the ongoing gloomy macroeconomic environment. "The 2010 financial
year will not be easy, but we are well positioned internationally
and have already adapted processes and costs and will continue to
do so rigorously," said Oskar Heitz, the OVB Holding AG
Executive Board member responsible for Finances, when presenting the
figures. As regards sales performance in the current financial
year, OVB expects to achieve approximately the level of the previous
year. For 2011, OVB plans to increase the sales and earnings
figures compared to 2010.

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 some
2.8 million customers across Europe, working in cooperation with over
100 renowned product partners. OVB is presently active in 14
countries, with 4,664 full-time financial advisors working for the
Group. In 2009, OVB Holding AG - which has been listed on the
Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since
July 2006 - and its subsidiaries generated total sales
commission of EUR 201.6 million and EBIT of EUR 9.6 million.

A presentation and the annual report on the 2009 annual financial
statements 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 ( IR Releases
Key figures of the OVB Group for financial year 2009

|Key operating figures|Unit |2008 |2009 |Change |
|Clients (31 Dec.) |Number in |2.78 |2.77 |- 0.4 % |
| |million | | | |
|Financial advisors |Number |4,862 |4,664 |- 4.1 % |
|(31 Dec.) | | | | |
|New policies |Number |585,817 |495,946 |- 15.3 % |
|Total sales |EUR million|260.2 |201.6 |- 22.5 % |
|commission | | | | |

|Key financial figures|Unit |2008 |2009 |Change |
|Earnings before |EUR million|28.8 |9.6 |- 66.6 % |
|interest and taxes | | | | |
|(EBIT) | | | | |
|EBIT margin* |% |11.1 |4.8 |- 6.3% |
| | | | |points |
|Consolidated net |EUR million|24.4 |8.8 |- 64.0% |
|income | | | | |
|Earnings per share |EUR |1.71 |0.61 |- 64.3% |
|(basic) | | | | |

* Based on total sales commission

Key figures by region for financial year 2009

| |Unit |2008 |2009 |Change |
|Central and Eastern | | | | |
|Europe | | | | |
|Clients (31 Dec.) |Number in |1.76 |1.77 |+ 0.6% |
| |million | | | |
|Financial advisors |Number |2,994 |2,697 |- 9.9% |
|(31 Dec.) | | | | |
|Total sales |EUR million|122.7 |84.3 |- 31.3% |
|commission | | | | |
|EBIT |EUR million|22.2 |9.2 |- 58.6% |
|EBIT margin* |% |18.1 |10.9 |- 7.2% |
| | | | |points |
|Germany | | | | |
|Clients (31 Dec.) |Number |693,600 |693,100 |- 0.1% |
|Financial advisors |Number |1,105 |1,323 |+ 19.7% |
|(31 Dec.) | | | | |
|Total sales |EUR million|85.2 |77.0 |- 9.6% |
|commission | | | | |
|Brokerage income |EUR million|61.4 |55.5 |- 9.6% |
|EBIT |EUR million|7.4 |7.1 |- 4.0% |
|EBIT margin* |% |8.7 |9.2 |+ 0.5% |
| | | | |points |
|Southern and Western | | | | |
|Europe | | | | |
|Clients (31 Dec.) |Number |318,950 |308,150 |- 3.4% |
|Financial advisors |Number |763 |644 |- 15.6% |
|(31 Dec.) | | | | |
|Total sales |EUR million|52.3 |40.3 |- 22.8% |
|commission | | | | |
|EBIT |EUR million|6.5 |1.2 |- 81.6% |
|EBIT margin* |% |12.4 |3.0 |- 9.4% |
| | | | |points |

* Based on total sales commission

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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

end of announcement euro adhoc
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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: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade