Shares of Securities House Open at Euro 17.75

Gräfelfing/Munich, August 21, 2000 - The stock split of 1 to 3 resolved at the shareholders" meeting of MWB Wertpapierhandelshaus AG on June 27, 2000, was carried out effective August 21, 2000. The MWB capital now totals Euro 4,982,700 with a calculated nominal value of Euro 1.00 per share. Go the number of new shares equals 4,982,700. MWB shares opened on the Frankfurt Stock Exchange on August 21, 2000, at a price of Euro 17.75.

Through the stock split, MWB management board hopes to give its share price a push. "This will make the stock price lighter and the company"s shares even more attractive to private investors," says speaker of the Board Thomas Posovatz.

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