Revenues increase 41%

Gräfelfing/Munich, October 18, 2000. Munich securities house MWB improved markedly over the previous year on all key figures as of third quarter of 2000. Compared to the same period last year, consolidated revenues rose by 41% to DM 49,4 million and preliminary net income by 27% to DM 15,3 million. Consolidated preliminary earnings before tax were DM 30,7 million, an increase of 33%. The number of traders has risen from 19 to 27 since 3rd quarter of 1999. As already announced, MWB AG is optimistic that it will achieve substantial earnings growth for the full year 2000. With currently 2,075 sponsored foreign stocks, the company has already exceeded its goal for this year.

Thanks to greater volatility in the home markets, and the clear rise over the previous year in the number of foreign stocks sponsored, the Munich-based securities house was able to achieve these encouraging results. "Despite the continued difficult market environment and the great uncertainty among investors, we expect a clear increase in results this year," said Thomas Posovatz, speaker of the board, "especially since the overall situation in the market noticeably improved at the end of the 3rd quarter."

MWB AG has been listed in the SMAX since April 1999. It is a leading specialist and market maker for now 2,075 foreign stocks in Germany. MWB has memberships 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.