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Corporate Communications vom 25.07.2007

Munich, 25.07.2007.

<h2>Pretax profit of &amp;euro;22.67 million is the best half-year result in the history of DAB bank</h2> <div class="editor"> <p>Pretax profit for the first six months represents half the bank's full-year goal / Pretax profit for the second quarter is &euro;10.08 million, more than 20% higher than the corresponding year-ago figure / Full-year goal for customers assets under custody very nearly achieved after only six months</p> </div> <h1>Munich, 25.07.2007.</h1> <div class="editor"> <p>The DAB bank Group (Munich), which operates in Germany and Austria, generated a pretax profit of &euro;10.08 million in the period from April to June 2007, more than 20% higher than the corresponding figure for the comparable year-ago period (&euro;8.19 million) and the best second-quarter result in the bank's history. And the pretax profit for the first six months of 2007, at &euro;22.67 million, was likewise the best half-year result in the bank's history; also, it represents half the bank's full-year goal of &euro;45 million.<br> <br> Income for the first six months of 2007 amounted to &euro;90.96 million, 8.7% higher than the corresponding figure for the comparable year-ago period. The net financial income for the period from January to June 2007 amounted to &euro;13.48 million, more than 40% higher than the corresponding figure for the first six months of 2006. And the administrative expenses for the first half year rose to &euro;68.29 million, 6.1% higher than the corresponding year-ago figure (&euro;64.35 million).</p> </div> <div class="editor"> <p>"The bank's performance in the first half of this year represents an excellent basis for achieving our full-year goals," said Alexander von Uslar, member of the Management Board of DAB bank. "In the coming months, we will work even harder to further expand the bank's offering of products and services. Among other steps, we intend to renovate our website, redesign our trading platform DAB Sekunden-Handel to make it even more attractive for our customers and introduce standardized asset management services for our individual investors."<br> <br> As a particularly impressive development, the volume of customer assets held with DAB bank swelled to &euro;32.84 billion at the end of the second quarter. Consequently, DAB bank has very nearly achieved its full-year target of &euro;33 billion after only six months. The number of securities accounts held with DAB bank showed a similarly positive development, rising from 1,073,410 at the end of the first quarter to 1,085,324 at the end of the second quarter of 2007. The bank's B2C unit registered an especially strong increase, but the other units B2B and FondsServiceBank also reported gains in the number of securities accounts held for customers in the second quarter.<br> <br> DAB bank executed a total of 2.71 million trades in the second quarter of 2007, 7.7% fewer than the corresponding number for the comparable year-ago period. However, this decrease occurred entirely at FondsServiceBank, while the orders executed for customers in the B2B and B2C units were higher in the second quarter.<br> <br> "The positive trend of customer trading activity towards the end of the second quarter gives us confidence for the second half of the year. Whereas last year, our customer trading activity declined sharply in the early summer, there was no such decline this year, which is very encouraging," Alexander von Uslar said.</p> </div> <div class="tableContainerWide"> <h3>Key operational indicators of the DAB bank Group according to IFRS:</h3> <table width="485" cellspacing="0" cellpadding="1" border="1" class="tableContent"> <thead> <tr class="each"> <th scope="col"><strong>Key indicators</strong><br></th> <th scope="col"><br> <br></th> <th scope="col"><strong>Q2/2007</strong><br></th> <th scope="col"><strong>Q1/2007</strong><br></th> <th scope="col"><strong>Q23/2006</strong><br></th> <th valign="top" scope="col"><strong>1<sup>st</sup><br> Half/2007<br></strong></th> <th valign="top" class="last" scope="col"> <strong>1<sup>st</sup><br> Half/2006<br></strong></th> </tr> </thead> <tbody> <tr class="odd"> <td width="250">Securities accounts<br></td> <td>No.<br></td> <td align="right">1,085,324<br></td> <td align="right">1,073,410<br></td> <td align="right">984,262<br></td> <td align="right">1,085,324<br></td> <td align="right" class="last">984,262<br></td> </tr> <tr class="each"> <td>Trades executed<br></td> <td>No.<br></td> <td align="right">2,712,782<br></td> <td align="right">3,206,811<br></td> <td align="right">2,937,876<br></td> <td align="right">5,919,593<br></td> <td align="right" class="last">6,000,607<br></td> </tr> <tr class="odd"> <td>Trades per securities account<br> (annualized)<br></td> <td>No.<br></td> <td align="right">10.05<br></td> <td align="right">12.26<br></td> <td align="right">12.04<br></td> <td align="right">11.25<br></td> <td align="right" class="last">12.37<br></td> </tr> <tr class="each"> <td>Customer assets under custody<br></td> <td>&euro; bn<br></td> <td align="right">32.84<br></td> <td align="right">31.19<br></td> <td align="right">26.32<br></td> <td align="right">32.84<br></td> <td align="right" class="last">26.32<br></td> </tr> <tr class="odd"> <td>thereof in investment funds<br></td> <td>&euro; bn<br></td> <td align="right">18.04<br></td> <td align="right">17.42<br></td> <td align="right">15.02<br></td> <td align="right">18.04<br></td> <td align="right" class="last">15.02<br></td> </tr> </tbody> </table> </div> <div class="tableContainerWide"> <h3>Operating results of the DAB bank Group in according to IFRS:</h3> <table width="485" cellspacing="0" cellpadding="1" border="1" align="" class="tableContent"> <thead> <tr class="each"> <th class="" scope="col"><strong>Operating results<br></strong></th> <th class="" scope="col"><strong><br></strong></th> <th class="" scope="col"><strong>Q2/2007<br></strong></th> <th class="" scope="col"><strong>Q1/2007<br></strong></th> <th class="" scope="col"><strong>Q2/2006<br></strong></th> <th valign="top" class="" scope="col"> <strong>1<sup>st</sup><br></strong> Half/2007</th> <th valign="top" scope="col" class="last"> <strong>1<sup>st</sup><br></strong> Half/2006</th> </tr> </thead> <tbody> <tr class="odd"> <td class="">Net financial income*<br></td> <td class="">k&euro;<br></td> <td align="right" class="">4,360<br></td> <td align="right" class="">9,118<br></td> <td align="right" class="">5,344<br></td> <td align="right" class="">13,478<br></td> <td align="right" class="last">9,565<br></td> </tr> <tr class="each"> <td class="">Net commission income<br></td> <td class="">k&euro;<br></td> <td align="right" class="">34,453<br></td> <td align="right" class="">38,909<br></td> <td align="right" class="">34,034<br></td> <td align="right" class="">73,362<br></td> <td align="right" class="last">70,908<br></td> </tr> <tr class="odd"> <td class="">Administrative expenses<br></td> <td class="">k&euro;<br></td> <td align="right" class="">33,219<br></td> <td align="right" class="">35,073<br></td> <td align="right" class="">32,723<br></td> <td align="right" class="">68,292<br></td> <td align="right" class="last">64,346<br></td> </tr> <tr class="each"> <td class="">Profit before taxes<br></td> <td class="">k&euro;<br></td> <td align="right" class="">10,081<br></td> <td align="right" class="">12,591<br></td> <td align="right" class="">8,191<br></td> <td align="right" class="">22,672<br></td> <td align="right" class="last">19,312<br></td> </tr> <tr class="odd"> <td class="">Profit after taxes<br></td> <td class="">k&euro;<br></td> <td align="right" class="">6,480<br></td> <td align="right" class="">8,016<br></td> <td align="right" class="">5,323<br></td> <td align="right" class="">14,496<br></td> <td align="right" class="last">12,446<br></td> </tr> <tr class="each"> <td class="">Cost-income ratio<br></td> <td class="">in %<br></td> <td align="right" class="">76,7<br></td> <td align="right" class="">73,6<br></td> <td align="right" class="">80.0<br></td> <td align="right" class="">75,1<br></td> <td align="right" class="last">76,9<br></td> </tr> <tr class="odd"> <td class="">Earnings per share<br></td> <td class="">&euro;<br></td> <td align="right" class="">0.09<br></td> <td align="right" class="">0.10<br></td> <td align="right" class="">0.07<br></td> <td align="right" class="">0,19<br></td> <td align="right" class="last">0,16</td> </tr> </tbody> </table> </div> <div class="editor"> <p><sup>* Net financial income = Net interest income before credit risk provisions + Trading profit/loss + Profit/loss from investments</sup></p> </div>
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