Gräfelfing/München, February 28, 2006. Munich-based MWB
Wertpapierhandelshaus AG succeeded in turning around in 2005. Thanks in
part to the friendly environment on the stock market, the company reported
positive annual earnings for the first time since 2000. Results from
ordinary activities increased from EUR -1,935 thousand in 2004 to EUR 1,017
thousand, up 153 %.

The positive mood on the stock markets, excellent economic prospects, and a
sustained return to the stock markets by private investors resulted in
distinctly higher turnover - in particular for foreign stocks in Germany.
MWB's commission income was thus up 47 % in 2005 as a whole to EUR 2,427
thousand. (previous year: EUR 1,656 thousand). Opportunities for trading
increased strongly in 2005, which is reflected in trading profits being up
50 % - rising from EUR 3,608 thousand to EUR 5,422 thousand. This was only
impacted in the fourth quarter by risk prevention measures for long-term
positions of securities.

Due to keen cost awareness, there was only a very marginal increase in
general administrative expenses to EUR 7,617 thousand (previous year: EUR
7,596 thousand). Although personnel costs fell to EUR 2,226 thousand
(previous year: EUR 2,565 thousand), other administrative expenses
increased from EUR 5,031 thousand in 2004 to EUR 5,390 thousand. This was
primarily due to the turnover-related costs for settling securities
transactions. The number of employees remained constant in 2005 at 28.

Equity and liquidity increased significantly year-on-year in line with
earnings growth. Equity rose from EUR 15,460 thousand as of December 31,
2004 to EUR 16,712 thousand as of December 31, 2005. In the same period,
liquidity increased from EUR 10,362 thousand at the end of 2004 to EUR
12,852 thousand as of December 31, 2005.

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Information and Explaination of the Issuer to this News:

On the whole, MWB's management is very satisfied with business in 2005. The
various measures taken to cut costs, sharpen the company's profile both
internally and externally, and to increase employee motivation - all of
which were launched at the end of 2004 - have led to significantly
improved, positive earnings. The IPO license applied for in the fourth
quarter, which was granted at the start of 2006, the entry into the bond
trading sector via the acquisition of C.J. Diederich
Wertpapierhandelsgesellschaft mbH, and a continuing favourable stock market
environment all make it possible to be optimistic about the year 2006.

MWB AG (www.mwb.de) has been listed since April 1999 and has been admitted
to Deutsche Börse AG"s Prime Standard Segment since January 1, 2003. MWB"s
core business is being a specialist and proprietary trader for foreign
stocks, supplemented by divisions for order execution for financial
institutions, designated sponsoring, institutional sales and capital
markets business. Furthermore MWB AG is active in the private asset
management business with MWB Baden, holding a 60 percent interest in this
company. The company has applications on the stock exchanges in Munich,
Berlin, Frankfurt, Duesseldorf, Stuttgart and Hamburg.


Contact:
MWB Wertpapierhandelshaus AG
Thomas Posovatz
Rottenbucher Straße 28
82166 Gräfelfing
Tel.: 089/85 85 2-500
Fax: 089/85 85 2-505
E-Mail: investor-relations@mwb.de