Gräfelfing/Munich, March 30, 2001. Securities house MWB Wertpapierhandelshaus AG expects a clearly lower quarterly result compared to the same period last year after the last trading day of March. The drop is due to remaining weak stock markets in the 1st quarter 2001, combined with markedly lower stock exchange turnover. The revenues were below expectations, especially in March. However the comparable period of the 1st quarter 2000 cannot be considered representative either. With its result for the 1st quarter of 2001, MWB is most likely following the industry trend. The preliminary figures will be published in the middle of April.