Graefelfing/Munich, October 25, 2005 - Munich-based securities trading
company MWB has continued its turnaround in 2005 with excellent
consolidated results for the first nine months of the current fiscal year.
Compared to the first nine months of 2004, profits from ordinary activities
totalled EUR 1,014 thousand (previous year: EUR -1,297 thousand), putting
the company squarely in the black. The significantly improved climate on
the stock market has caused commission result to lift 54% to EUR 1,888
thousand (previous year: EUR 1,223 thousand) as well as a 70% increase in
trading profits to EUR 4,388 thousand (previous year: EUR 2,580 thousand).
In particular, International Stocks including Specialist Business
contributed 63% to the total earnings. The Institutional Clients division
remained mostly stable at 28% of total earnings, and shows that MWB has
succeeded in broadening its business base.

General administrative expenses totalled EUR 5,640 thousand (previous year:
EUR 5,393 thousand) with personnel costs falling from EUR 1,808 thousand in
the previous year to EUR 1,666 thousand. Other administrative expenses
increased as a result of the rise in transaction-related costs for
processing securities transactions from EUR 3,585 thousand to EUR 3,975
thousand. This stems from the significant increase in stock market
turnover. The positive earnings growth is also reflected in equity and
liquidity. Equity increased from EUR 15,460 thousand on December 31, 2004
to EUR 16,504 thousand, with cash and cash equivalents rising from EUR
10,362 thousand at the end of 2004 to EUR 11,644 thousand. As of September
30, 2005, MWB had 28 employees (previous year: 30).

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Information and Explaination of the Issuer to this News:

MWB AG (www.mwb.de) has been listed on the stock exchange since April 1999
and has been listed in the Prime Standard segment of Deutsche Börse AG
since January 1, 2003. MWB"s core business is being a specialist and
proprietary trader for foreign stocks, supplemented by order execution for
financial institutions, Designated Sponsoring as well as institutional
sales. 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 and Stuttgart.


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