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Hypoport AG

Innovation Award 2008 for EUROPACE

Berlin (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/finances/innovations/IT
18 February 2009: Dutch magazine "Banking
Review" has honoured Hypoport Stater B.V. with its "Innovation Award 
2008" for the launch of the EUROPACE platform on the Dutch market. 
The prize is awarded each year in recognition of the most innovative 
concept in the financial services sector.
Hypoport Stater B.V. convinced the jury with its introduction of the 
first independent transaction platform "to bring together all of the 
players in the mortgage market, without them having to first 
integrate the complex software into their system architectures". Its 
state of the art technology increased market transparency and was, 
moreover, easy to operate, allowing market players to interact more 
efficiently. EUROPACE thus enhanced the flexibility and ensured the 
sustainability of the system, offering a solution that responded to 
market demands. The individual risk-based pricing system used by 
EUROPACE "offered clear advantages over the conventional evaluation 
of loan terms based on average risk profiles", according to the jury.
The transaction-dependent business model offered platform users the 
opportunity to enter the market at low risk. For this reason, the 
jury was convinced that the pricing model developed by EUROPACE 
"offers an interesting and proven concept that is extremely 
innovative in the Netherlands".
The EUROPACE platform for the German real estate market was launched 
in 2002. Following its successful establishment, the concept was 
expanded in 2004 to include private loans. Nowadays, EUROPACE is the 
leading - and Germany's only independent - transaction platform for 
financial services vendors, banks and insurance companies. The 
figures prove it: Last year, transaction volume increased by more 
than 18 percent to its current level of EUR 14.622 billion in spite 
of a generally stagnating market. Some 12 percent of all financing 
transactions on the German real estate market are processed on 
EUROPACE. The share of financing deals in the growth segment of 
independent financial services vendors has even topped the 30 percent
mark. Its flexible architecture allows the platform to modularly 
expand the wide range of existing financial services products on 
offer. In addition to incorporating new requirements for the range of
EUROPACE products, the software development division at Hypoport AG 
is also constantly striving to offer the flexibility demanded by the 
market in implementing changes.
In the Netherlands, the EUROPACE platform was adapted to the specific
partner and product characteristics of the Dutch market. A financing 
process in the Netherlands generally involves more parties than is 
the case in Germany. Packagers, for example, are a fixed institution,
whereas they are only slowly gaining in importance in Germany. 
Annuity loans play a very important role in Germany, whereas these 
products are virtually non-existent in the Netherlands since interest
charges on mortgages are tax deductible. Its modular concept ensures 
the optimal implementation of such differing requirements for the 
process structure of the platform.  EUROPACE has attracted its first 
sales partners for the platform in the Netherlands. Christian Fein, 
Managing Director of Hypoport Stater B.V.: "I am convinced that 
EUROPACE will occupy a similarly leading position in the Dutch market
in light of this external recognition and the success it has 
demonstrated in Germany".
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About Hypoport Stater B.V.
Hypoport Stater B.V. was founded in January 2007 as a joint venture 
between Hypoport AG, a German provider of all-round financial 
services, and Stater, the largest Dutch mortgage servicer. The 
company is headquartered in Eindhoven. The vehicle was established 
for the purpose of launching the EUROPACE platform on the Dutch 
mortgage market. The B2B transaction platform offers participants an 
innovative, internet-based marketplace in real-time. EUROPACE 
provides a rapid and easy decision-making aid for banks, packagers 
and consultants when approving mortgage applications. In addition, 
the full integration of all players along the value creation chain of
the Dutch mortgage market generates cost benefits while at the same 
time increasing transparency.
About Hypoport AG
Hypoport Group is an internet-based all-round financial services 
provider based in Berlin. The Group employs more than 450 people. 
Hypoport AG has been listed in the Prime Standard of Deutsche Börse 
since October 2007. Its business model consists of two reciprocally 
beneficial pillars - the sale of financial products 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 30 banks 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. In addition, the
HPX house price index, which Hypoport publishes monthly, is compiled 
on the basis of anonymised data collated from the EUROPACE platform.
A list of the banks and service providers that use the platform can 
be downloaded from www.hypoport.de, as can the Annual Report 2007.
end of announcement                               euro adhoc

Further inquiry note:

Michaela Reimann
Group Communications Manager

Hypoport AG
Klosterstraße 71
D-10179 Berlin
Tel.: +49 (0) 30 / 4 20 86 - 1936
Fax: +49 (0) 30 / 4 20 86 - 1939

E-Mail: michaela.reimann@hypoport.de
Internet: www.hypoport.de

Branche: Financial & Business Services
ISIN: DE0005493365
WKN: 549336
Börsen: Börse Frankfurt / regulated dealing/prime standard

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