Press Release

First successes of restructuring programme

• Revenue trend begins to stabilise – plus 0.5% in the Germany region compared with prior-year quarter
• Total revenue of €381.5 million
• Profitability turning point has been reached
• AWD gained 126,300 new customers in 9M 2009
• 341,100 customers advised – plus 3.8%
• AWD continues restructuring programme

Hanover, 11 November 2009 (AWD Holding AG). AWD, one of Europe’s leading providers of pension and investment solutions, has posted the first positive results of its restructuring and efficiency-enhancing programme that was decided upon in May. Already in the first nine months of 2009, AWD achieved positive operating earnings of €3.5 million before one-time and restructuring expenses, despite the ongoing effects of the international financial crisis. In the third quarter of 2009 alone, the Group posted an operating profit of € 6.2 million before one-time and restructuring expenses, thus demonstrating the positive turnaround.