EANS-News: cash.life AG / Final results 2010 - Operating income (EBIT) 6.8 million euros - Dividend proposal of 27 cent per share

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annual result

Pullach (euro adhoc) - Final Results 2010

According to the annual financial statements published today,
cash.life AG reports 6.8 million euros EBIT for the financial year
2010. The group net income amounts to 2.3 million euros. The
management board will propose to the annual shareholders´ meeting to
pay a dividend of 27 cents per share.

Fourth Quarter 2010

Acquisition volume of cash.life-group in the fourth quarter was 3.3
million euros compared to the fourth quarter 2009 (3.7 million
euros). Sales revenues in the fourth quarter rose to 0.7 million
euros (Q4 2009: 0.5 million euros).

As a result of the announced restructuring plans, the operational
expenses in the fourth quarter rose significantly to 4.0 million
euros (Q4 2009: 2.6 million euros).

Earnings before interest and taxes (EBIT) in the fourth quarter 2010
were 5.2 million euros (Q4 2009: -0.4 million euros).

The Q4-financial result in 2010 was -0.4 million euros which remained
unchanged compared with the same quarter last year. Earnings before
taxes (EBT) were positive at 4.8 million euros (Q4 2009: -0.7 million
euros). The EBT were significantly influenced by a court settlement
of several lawsuits against secondary life insurance funds.

Net Income of cash.life-group in the fourth quarter 2010 was 3.2
million euros (Q4/2009: -0.5 million euros).

Financial Year 2010

For the financial year 2010, cash.life-group acquired policies worth
6.0 million euros (2009: 9.4 million euros). cash.life-group posted
sales revenues of 4.0 million euros (2009: 26.0 million euros),
including servicing-fees of 1.0 million euros (2009: 5.6 million
euros).

For 2010, operational costs including restructuring costs accumulated
to 10.0 million euros (2009: 9.3 million euros).

Earnings before interest and taxes (EBIT) in the financial year 2010
are 5.6 million euros compared to 3.0 million euros in the previous
year. The financial result in 2010 was -1.9 million euros compared to
-1.4 million euros the previous year. Earnings before taxes (EBT) in
2010 are very positive at 3.6 million euros (2009: 1.7 million
euros).

Earnings before taxes (EBT) were positively influenced by the court
settlement of lawsuits against secondary life insurance funds. They
were partially offset by the restructuring costs as well as the
start-up losses incurred by the 100% subsidiary max.xs financial
services AG of around 1.2 million euros. The execution of the
business plan and the results are in line with expectations. Recently
two additional cooperation agreements with renowned asset managers
were signed.

Dividend The management board of cash.life AG will propose to the
annual shareholders´ meeting the payment of a dividend of 27 cents
per share for the financial year 2010.

end of announcement euro adhoc
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ots Originaltext: cash.life AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Herr Dr. Joachim Rumpf
Tel.: +49 (0) 89 286 953 236
E-Mail: Joachim.Rumpf@cashlife.de

Branche: Financial & Business Services
ISIN: DE0005009104
WKN: 500910
Index: CDAX
Börsen: Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
Berlin / regulated dealing
Hannover / regulated dealing
Frankfurt / regulated dealing/general standard