Gräfelfing/Munich, June 25, 2001. The shareholders of securities house MWB Wertpapierhandelshaus AG voted at today"s annual shareholders meeting to pay a dividend of EUR1.11. The company was again able to achieve a record financial result in 2000, with an increase of 17% to EUR29.3 million. Its wholly owned subsidiary, MWB Wertpapierhandelsbank, contributed net income of EUR600,000 to the consolidated result.

Thomas Posovatz, speaker of the board, reported on the past business year, which ended for the company with solid overall earnings despite the difficult market environment in the second half of the year. The ongoing business year has been unsatisfactory so far. "Trading volume is currently dropping back to the level of the summer months of 1999," says Mr. Posovatz. "And so at the moment we are not thinking about making any experiments under this difficult market conditions. We are keeping to our strategy of combining innovation with the sure foundation of a successful core business."

Mr. Posovatz announced that MWB plans to participate in the market maker segment "XETRA US Stars" being planned by Deutsche Börse AG and in other similar projects. In addition, MWB should soon receive permission from Germany"s Federal Banking Supervisory Office to perform commission transactions. The opportunities under this permit will add new content to the order execution business.

MWB AG has been listed in the SMAX since April 1999. It is a leading specialist and market maker for now 2,120 foreign securities in Germany. MWB has seats on the Munich, Berlin, Frankfurt, Düsseldorf and Stuttgart stock exchanges. It is also active in the IPO and asset management fields with its wholly owned subsidiary MWB Wertpapierhandelsbank.