Dividend payout, stock split and conversion to euro approved.

Gräfelfing/Munich, June 27, 2000. The shareholders" meeting of MWB Wertpapierhandelshaus AG has approved a capital increase out of stockholders" equity, conversion of stock to the euro together with individual stock certificates, and a 3-to-1 stock split. This will make the stock price lighter and the company"s shares even more attractive to investors. Because of the good business developments, which brought in net income of DM17.5 million, the shareholders" meeting approved a dividend payment of DM6.50 per share.

CEO Thomas Posovatz explained on behalf of management the reasons for MWB"s positive development, which he believes is mainly due to the company"s outstanding positioning. Besides its consistent business policy as a specialist and market-maker for foreign stocks, MWB has built a second foundation with its securities-trading bank subsidiary, MWB Wertpapierhandelsbank.

"The numbers in the 1999 annual report are more than positive," says Mr. Posovatz. Net income in 1999 was DM17.5 million and so rose 44%. Comission and incomeincreased 26% in 1999 to DM48.7 million. Through the strongly increased revenues, the greater volatility in the home markets, and the clear rise in the number of securities offered, earnings from financial transactions grew 28% and commission earnings 21%. The numbers for the first quarter 2000 indicate a further increase in profit: Commission and income increased by 110% and quarterly earnings by as much as 125% or DM6.6 million.

"In April of this year, just three of our foreign stocks (JAFCO, Commerce One, Cisco) together made up one-seventh of total stock sales on the Berlin stock exchange," says CEO Thomas Posovatz. "The continued high demand for foreign stocks combined with the strong sales and coupled with the lengthening of exchange hours makes us optimistic we can increase our profits by 15-20% in 2000." Already in 1999, the securities bank, which was founded in May 1999, was able to reach a level of DM100 million in asset management. In the first quarter 2000, this amount increased by 40%.

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