EANS-News: OVB Holding AG /

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6-month report/First Half of 2011

Köln (euro adhoc) - OVB posts sharp growth in sales and earnings in
the first half of 2011

Consolidated sales increase by 15.3% to EUR 109.8 million

EBIT rises by 23.2% to EUR 3.5 million

Number of full-time financial advisors increased by 155 to 4,762

Cologne, 12 August 2011 - OVB Holding AG increased sales and profit
in the first half of 2011. Total sales commission increased by 15.3%
to EUR 109.8 million (previous year: EUR 95.2 million), earnings
before interest and taxes (EBIT) rose by 23.2% to EUR 3.5 million
(previous year: EUR 2.9 million). "Since spring 2010, our financial
advisors have succeeded in increasing commission income
continuously", says Wilfried Kempchen, Chief Executive Officer of OVB
Holding AG. "We have provided sustained confirmation of the positive
start to 2011. OVB has benefited in particular from the dynamic
business development in Central and Eastern Europe, in which the
countries of the Czech Republic, Slovakia, Poland and Hungary played
a leading role."

In Central and Eastern Europe, total sales commission rose by 49.6%
to EUR 65.0 million (previous year: EUR 43.4 million). As a result,
the Central and Eastern Europe segment increased its share of sales
to 59.2%. Sales in Germany remained largely constant: from January to
June 2011, total sales commission of EUR 33.0 million was achieved
here (previous year: EUR 35.5 million). Tense economic conditions in
markets such as Greece, Italy and Spain led to a depressed
performance in the Southern and Western Europe segment, which
contributed EUR 11.7 million (previous year: EUR 16.3 million) to
consolidated sales.

The Group increased operating income (EBIT) generated in the first
six months of 2011 by 23.2% to EUR 3.5 million (previous year: EUR
2.9 million). The Central and Eastern Europe segment increased its
EBIT significantly to EUR 6.3 million, an increase of 44.1% on the
previous year's figure of EUR 4.3 million. In Germany, operating
income came to EUR 2.7 million (previous year: EUR 3.7 million). The
loss in the Southern and Western Europe segment increased as a result
of a further exacerbation in macroeconomic stresses to EUR -1.1
million (previous year: EUR -0.4 million).

Consolidated net income increased to EUR 2.5 million in the first
half (previous year: EUR 2.0 million). Earnings per share amounted to
EUR 0.17 (previous year: EUR 0.14).

The trend in the number of independent financial advisors, who work
for OVB full-time, was also very positive: the sales team was
expanded significantly by 155 financial advisors compared with
mid-2010. In the second quarter of 2011 alone, 111 new financial
advisors joined the team, meaning that 4,762 financial advisors were
working for OVB at the end of June. With growth of 1.8% to 2.84
million clients, OVB has expanded its client base on a permanent
basis. Product demand was concentrated more heavily than previously
on funds-based pension products, in the first half of 2011, 62% of
new business was attributable to these products.

Positive basic trends in economic development will probably support
the course of business in the second half too - despite persistent
economic crises in individual countries. Oskar Heitz, Chief Financial
Officer: "We have laid a firm foundation with the pleasing
performance in the first half. If we maintain this growth path, 2011
will be a good financial year."

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 2.84 million customers
across Europe, working in cooperation with over 100 renowned product
partners. OVB is presently active in 14 countries, with 4,762
full-time financial advisors working for the Group. In 2010, OVB
Holding AG and its subsidiaries generated total sales commission of
EUR197.3 million and EBIT of EUR4.8 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 2011 on 10
November 2011.

A presentation and the Half-Year Report 2011 can be downloaded from
the Investor Relations section of www.ovb.ag.

This Corporate News is also available on the Internet at:

http://www.ovb.ag/InvestorRelations/IRInformationen/Archiv2011/IRInfo
rmation12082011/tabid/1695/language/en-US/Default.aspx

Further inquiry note:
Brigitte Bonifer
Investor Relations
Tel.: +49 (0)221 2015 288
E-Mail: bbonifer@ovb.de

end of announcement euro adhoc
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company: OVB Holding AG
Heumarkt 1
D-50667 Köln
phone: +49 (0)221 2015 0
FAX: +49 (0)221 2015 264
mail: ovb@ovb-holding.ag
WWW: www.ovb.ag
sector: Financial & Business Services
ISIN: DE0006286560
indexes: CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English