Cologne (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.

companies/Half-Year Results 2009

Economic downturn dampens OVB's business
performance in the first half of 2009

-Total sales commission reach EUR 100.7 million (-24.0%)

-Operating income of EUR 4.9 million significantly down year-on-year
(EUR 16.7 million)

-Objectives for the entire year adjusted

Cologne, 13 August  2009  -  Business  development  of  the  
financial  services provider OVB, which operates in 14 European 
countries, was mixed  in  the  first half of 2009. "We are convinced 
that the current low will lead once  more  to  a new upturn; only the
time  of  the  rebound  has  yet  to  be  confirmed",  said Wilfried 
Kempchen,  the  member  of  the  Executive  Board  of  OVB  Holding  
AG responsible for foreign business, describing the current market 
situation.

In the Central and Eastern Europe region, which is particularly 
affected by  the international   economic   downturn,   sales   
performance   of   OVB's    sales representatives fell by 34.4% to  
EUR  41.9  million.  Significant  losses  were sustained in 
particular in  the  national  companies  in  Slovakia,  Poland  and 
Hungary.  In  Germany,  total  sales  commission  reached  EUR   37.5
million, corresponding to a drop year-on-year of 9.4%. Encouraging 
sales  development  of the new national companies in Southern and 
Western Europe  was  overshadowed  by sharply declining product  
sales  in  Austria,  where  the  investment  business collapsed due 
to country-specific events. Taken together,  the  Group's  overall 
sales commissions fell  to  EUR  100.7  million  in  the  period  
under  review, compared with EUR 132.5 million in the corresponding 
period last year.

OVB's operating income amounted to EUR 4.9 million in the first  six 
months  of 2009. This is considerably less than the previous year's 
EUR 16.7  million,  due mainly to the decline in new business.  The  
profit  margin,  based  on  overall sales commissions, amounted to 
4.9%, as against 12.6% the  previous  year.  This earnings situation 
is  not  satisfactory,  is  clearly  trailing  the  long-time levels 
achieved by OVB, and is due to the current exceptional  circumstances
in the financial and real economy. "On the other hand, OVB is still  
earning  money in these  times  of  crisis,  while  other  market  
participants  are  recording losses", commented Oskar Heitz, the 
member of the  Executive  Board  responsible for the area of Finance.
Operating income, which is acceptable  in  this  light, was 
contributed to by the Central  and  Eastern  Europe  segment  with  
EUR  5.7 million (previous year: EUR 12.2 million), the  Germany  
segment  with  EUR  3.0 million (previous year: EUR 3.6 million), and
the Southern  and  Western  Europe segment with EUR 0.9 million 
(previous year: EUR  4.1  million).Net  income  for the period 
amounted to EUR 3.7 million, after EUR 14.2 million last year.  Basic
earnings per share for the first  six  months  of  2009  amounted  to
EUR  0.26 compared with EUR 1.00 the previous year.

Times of crisis always offer opportunities as well. They make  people
aware  of how necessary private savings and protection are in the  
area  of  finance.  The number of customers advised by OVB across  
Europe  increased  by  4.1%  to  2.79 million over the same period. 
The number of OVB sales  representatives  remained largely stable 
with 4,920  financial  advisers  as  against  the  previous  year 
(4,950 financial advisers). Customer product demand continues to 
focus on  fund- linked pension products, which accounted for 57% of 
product sales in  the  first half of 2009.

OVB's business development is being significantly  slowed  by  the  
unfavourable macroeconomic conditions that are dominating 2009.  It  
has  therefore  adjusted its objectives for the year as  a  whole,  
and  now  anticipates  overall  sales commissions of between EUR 190 
and 200 million. Operating income is expected  to amount to at least 
EUR 10 million.

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. OVB currently advises 2.8 million  
customers across Europe, working in cooperation with over 100 
renowned  product  partners. OVB is presently  active  in  14  
countries,  with  more  than  4,900  full-time financial consultants 
working for the Group. In 2008, OVB  Holding  AG  -  which has been 
listed on the Frankfurt Stock  Exchange  (Prime  Standard)  since  
July 2006 - and its subsidiaries generated total sales commission of 
EUR260.2 million and EBIT of EUR28.8 million.

OVB will publish its results for the third quarter on 6 November 
2009.

A presentation and  the  Half-Year  Report  2009  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 ( Financial Publications ( IR Releases

Key figures for the OVB Group 6M/2009

|Key operating figures|Unit       |01/01 -    |01/01 -    |Change     |
|                     |           |30/06/2008 |30/06/2009 |           |
|Clients (30/06)      |Number     |2.68       |2.79       |+ 4.1 %    |
|                     |million    |           |           |           |
|Financial advisors   |Number     |4,950      |4,920      |- 0.6 %    |
|(30/06)              |           |           |           |           |
|New business         |Number of  |297,230    |252,934    |- 14.9 %   |
|                     |contracts  |           |           |           |
|Total sales          |Euro       |132.5      |100.7      |- 24.0 %   |
|commission           |million    |           |           |           |

|Key financial figures|Unit       |01/01 -    |01/01 -    |Change     |
|                     |           |30/06/2008 |30/06/2009 |           |
|Earnings before      |Euro       |16.7       |4.9        |- 70.7 %   |
|interest and taxes   |million    |           |           |           |
|(EBIT)               |           |           |           |           |
|EBIT margin*         |%          |12.6       |4.9        |- 7.7      |
|                     |           |           |           |%-pts.     |
|Consolidated net     |Euro       |14.2       |3.7        |-74.0 %    |
|income               |million    |           |           |           |
|Earnings per share   |Euro       |1.00       |0.26       |-74.0 %    |
|(undiluted)          |           |           |           |           |

* Based on total sales commission

Key figures by region 6M/2009

|                     |Unit       |01/01 -    |01/01 -    |Change     |
|                     |           |30/06/2008 |30/06/2009 |           |
|Central and Eastern  |           |           |           |           |
|Europe               |           |           |           |           |
|Clients (30/06)      |Number     |1.68       |1.77       |+ 5.4 %    |
|                     |million    |           |           |           |
|Financial advisors   |Number     |2,930      |2,918      |- 0.4 %    |
|(30/06)              |           |           |           |           |
|Total sales          |Euro       |63.9       |41.9       |- 34.4 %   |
|commission           |million    |           |           |           |
|EBIT                 |Euro       |12.2       |5.7        |- 53.3 %   |
|                     |million    |           |           |           |
|EBIT margin*         |%          |19.1       |13.6       |- 5.5      |
|                     |           |           |           |%-pts.     |
|Germany              |           |           |           |           |
|Clients (30/06)      |Number     |690,200    |694,400    |+ 0.6 %    |
|Financial advisors   |Number     |1,252      |1,301      |+ 3.9 %    |
|(30/06)              |           |           |           |           |
|Total sales          |Euro       |41.4       |37.5       |- 9.4 %    |
|commission           |million    |           |           |           |
|EBIT                 |Euro       |3.6        |3.0        |- 16.6 %   |
|                     |million    |           |           |           |
|EBIT margin*         |%          |8.7        |8.0        |- 0.7      |
|                     |           |           |           |%-pts.     |
|Southern and Western |           |           |           |           |
|Europe               |           |           |           |           |
|Clients (30/06)      |Number     |307,800    |322,900    |+ 4.9 %    |
|Financial advisors   |Number     |768        |701        |- 8.7 %    |
|(30/06)              |           |           |           |           |
|Total sales          |Euro       |27.3       |21.3       |- 22.0 %   |
|commission           |million    |           |           |           |
|EBIT                 |Euro       |4.1        |0.9        |-78.0 %    |
|                     |million    |           |           |           |
|EBIT margin*         |%          |15.0       |4.2        |- 10.8     |
|                     |           |           |           |%-pts.     |

* Based on total sales commission

OVB Holding AG
Heumarkt 1
50667 Cologne
Germany

IR Contact:

Brigitte Bonifer
Investor Relations

bbonifer@ovb.de 
ir@ovb.ag
Internet: www.ovb.ag

end of announcement                               euro adhoc

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