EANS-News: OVB Holding AG /

OVB with stable business development in the first half of 2010

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6-month report

Subtitle: OVB with stable business development in the first half of
2010

Köln (euro adhoc) - OVB publish its results for the second quarter of
2010

Consolidated sales reach EUR95.2 million
Central and Eastern Europe on the upswing
Consolidated net operating income of EUR2.9 million

Cologne, 12 August 2010 - OVB Holding AG can look back on stable
overall business development in the first half of 2010. Total sales
commission reached EUR95.2 million (previous year: EUR100.7 million).
"Although there is not yet a common growth trend emerging in our 14
European markets, we are nevertheless sensing the general economic
recovery and on a good track with our results," says Wilfried
Kempchen, CEO of OVB Holding AG. "It is particularly the positive
sales performance in the Central and Eastern Europe segment which
makes us feel optimistic."

Total sales commission in Central and Eastern Europe rose in the
first half of 2010 to EUR43.4 million - representing growth of 3.6%
in comparison with the previous year´s period (EUR41.9 million). In
the domestic market of Germany salesremained largely constant. Here
total sales commission of EUR35.5 million wasachieved from January to
June 2010 (previous year: EUR37.5 million). Owing to thestrained
economic situation in markets such as Greece and non-recurring
effectsin the national companies of Switzerland and France, business
development in Southern and Western Europe is still lagging behind
that in the other two regions. This segment contributed EUR16.3
million to consolidated sales in the first half of 2010 (previous
year: EUR21.3 million).

The Group´s operating income (EBIT) in the first six months of 2010
amounted to EUR2.9 million in the period under review and was
therefore below the previous year´s EUR4.9 million. Central and
Eastern Europe contributed EUR4.3 million (previous year: EUR5.7
million) to consolidated net operating income. The Germany segment
expanded its EBIT from EUR3.0 million to EUR3.7 million. Operating
income in Southern and Western Europe amounted to EUR-0.4 million as
against positive EBIT of EUR0.9 million in the same period of the
previous year. Consolidated net income in the first half of the year
came to EUR2.0 million (previous year: EUR3.7 million). Earnings per
share amounted to EUR0.14 (previous year: EUR0.26).

The number of financial consultants developed positively: In the
second quarter some 200 sales representatives were acquired so that
at the end of June 4.607 financial consultants were working for OVB -
the signs are therefore pointing towards growth again. With some 2.8
million customers, the client base remained largely unchanged. As in
the previous year, fund-linked pension products, which in the first
half of 2010 accounted for 55% of new business, attracted the most
demand from customers.

Above all since the start of the second quarter there are distinct
sign of a business recovery. As the economy gradually recovers,
private households increasingly seem able to invest in their pension
provision again. "Following the slump brought about by the financial
and economic crisis in 2008 and 2009, the 2010 financial year will be
a transition year before the long-term growth trend prevails again in
2011," says Wilfried Kempchen. "We have carried out a sustained
strengthening of our sales units at home and abroad over the past few
months and are confident that the economic upturn will have a
positive impact on our business." OVB expects overall sales in 2010
to reach around the same level as the previous year.

About the 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. Currently OVB advises some 2.8 million customers
across Europe and works together with more than 100 renowned product
partners. OVB is presently active in 14 countries, with some 4,400
full-time financial consultants working for the Group. In 2009, OVB
Holding AG and its subsidiaries generated total sales commission of
EUR201.6 million and EBIT of EUR9.6 million. OVB Holding AG has been
listed on the Frankfurt Stock Exchange (Prime Standard, ISIN
DE0006286560) since July 2006.

OVB will publish its results for the third quarter on 5 November
2010.

A presentation and the Half-Year Report 2010 can be downloaded from
the Investor Relations section of www.ovb.ag.

This Corporate News is also available on the Internet at:
www.ovb.ag/Investor Relations/IR Releases

Key figures for the OVB Group 6M/2010

|Key operating figures|Unit |01/01 - |01/01 - |Change |
| | |30/06/2009 |30/06/2010 | |
|Clients (30/06) |Number |2.79 |2.79 |± 0.0 % |
| |million | | | |
|Financial consultants|Number |4,920 |4,607 |- 6.4 % |
|(30/06) | | | | |
|New business |Number of |252,934 |225,811 |- 10.7 % |
| |contracts | | | |
|Total sales |Euro |100.7 |95.2 |- 5.5 % |
|commission |million | | | |

|Key financial figures|Unit |01/01 - |01/01 - |Change |
| | |30/06/2009 |30/06/2010 | |
|Earnings before |Euro |4.9 |2.9 |- 41.7 % |
|interest and taxes |million | | | |
|(EBIT) | | | | |
|EBIT margin* |% |4.9 |3.0 |- 1.9 |
| | | | |%-pts. |
|Consolidated net |Euro |3.7 |2.0 |- 47.4 % |
|income |million | | | |
|Earnings per share |Euro |0.26 |0.14 |- 46.2 % |
|(undiluted) | | | | |

* Based on total sales commission

Key figures by region 6M/2010

| |Unit |01/01 - |01/01 - |Change |
| | |30/06/2009 |30/06/2010 | |
|Central and Eastern | | | | |
|Europe | | | | |
|Clients (30/06) |Number |1.77 |1.79 |+ 1.1 % |
| |million | | | |
|Financial consultants|Number |2,918 |2,801 |- 4.0 % |
|(30/06) | | | | |
|Total sales |Euro |41.9 |43.4 |+ 3.6 % |
|commission |million | | | |
|EBIT |Euro |5.7 |4.3 |- 23.6 % |
| |million | | | |
|EBIT margin* |% |13.6 |10.0 |- 3.6 |
| | | | |%-pts. |
|Germany | | | | |
|Clients (30/06) |Number |694,400 |688,200 |- 0.9 % |
|Financial consultants|Number |1,301 |1,329 |+ 2.2 % |
|(30/06) | | | | |
|Total sales |Euro |37.5 |35.5 |- 5.3 % |
|commission |million | | | |
|EBIT |Euro |3.0 |3.7 |+ 22.1 % |
| |million | | | |
|EBIT margin* |% |8.0 |10.5 |+ 2.5 |
| | | | |%-pts. |
|Southern and Western | | | | |
|Europe | | | | |
|Clients (30/06) |Number |322,900 |310,630 |- 3.8 % |
|Financial consultants|Number |701 |477 |- 32.0 % |
|(30/06) | | | | |
|Total sales |Euro |21.3 |16.3 |- 23.4 % |
|commission |million | | | |
|EBIT |Euro |0.9 |- 0.4 |- |
| |million | | | |
|EBIT margin* |% |4.2 |-2.4 |- 6.6 |
| | | | |%-pts. |

* 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