DGAP-Adhoc: mwb Wertpapierhandelsbank AG: Merger with

mwb Wertpapierhandelsbank AG / Merger

31.03.2008 

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Gräfelfing/Munich, March 31, 2008. In conjunction with the merger of mwb
Wertpapierhandelsbank AG and the Hamburg-based FAIRTRADE FINANCE AG, the
agreement on the contribution of all of the shares of FAIRTRADE FINANCE AG
to mwb Wertpapierhandelsbank AG was signed today.

Following the signing of the contribution agreement, the Managing Board and
the Supervisory Board of mwb Wertpapierhandelsbank AG resolved today to
increase the companys share capital  to the exclusion of the
shareholders' subscription rights - from  4,982,700.00 by  2,491,000.00
to  7,473,700.00 through the issue of a total of 2,491,000 new, non-par
value bearer shares with a calculated stake in the share capital of  1.00
allocable to each share.

Alone the shareholders of FAIRTRADE FINANCE AG were allowed to subscribe to
the new shares, who, pursuant to todays agreement, have contributed their
100% interest in FAIRTRADE FINANCE AG, with its registered office in
Hamburg and a share capital of  2,300,000.00, to mwb Wertpapierhandelsbank
AG. The new shares subscribed by the shareholders of FAIRTRADE FINANCE AG
are, commencing January 1, 2008, entitled to a dividend.  The shareholders
of FAIRTRADE FINANCE AG also receive an additional 498,269 treasury shares
of mwb Wertpapierhandelsbank AG.

Subsequent to the registration of the execution of the capital increase
from authorized capital, mwb Wertpapierhandelsbank AG intends to merge
FAIRTRADE FINANCE AG into mwb Wertpapierhandelsbank AG.

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Information and Explaination of the Issuer to this News:

This merger creates a highly profitable securities trading bank that is
admitted to all German stock exchanges and to five of the seven securities
exchanges as an order-book manager. As of December 31, 2007, the two
companies together generated earnings before taxes totalling around EUR 7.8
million.

There being virtually no overlap in their business activities, the two
partners complement each other in an ideal way. The merger also brings mwb
one large step closer to achieving the economically optimal company size.
What remains decisive, however, is the strategic aspect: both companies
share the opinion that stock exchange trading in open-ended investment
funds, the core business of FAIRTRADE FINANCE AG, has considerable growth
potential in Germany.


Contact:
mwb Wertpapierhandelsbank AG
Thomas Posovatz 
Rottenbucher Straße 28
82166 Gräfelfing
Tel.: 089/85 85 2-500
Fax: 089/85 85 2-505 
E-Mail: investor-relations@mwb.de


DGAP 31.03.2008 
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Language:     English
Issuer:       mwb Wertpapierhandelsbank AG
              Rottenbucher Straße 28
              82166 Gräfelfing
              Deutschland
Phone:        +49 (0)89 858 52-305
Fax:          +49 (0)89 858 52-5 05
E-mail:       investor-relations@mwb.de
Internet:     www.mwb.de
ISIN:         DE0006656101
WKN:          665610
Indices:      CDAX, PRIMEALL, CLASSICALLSHARE
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard),
              München; Freiverkehr in Düsseldorf, Hamburg, Stuttgart
End of News                                     DGAP News-Service
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DGAP-Adhoc: mwb Wertpapierhandelsbank AG: Merger with FAIRTRADE FINANCE AG
