Interhyp AG reports record results

Mortgage volume up 127 percent to €3 billion

(Munich, March 2, 2006) Preliminary figures show that Interhyp AG increased closed mortgage volume by 127 percent in financial year 2005 to €3.022 billion (previous year: €1.332 billion). Net revenues improved by 137 percent year-on-year to €39.4 million (previous year: €16.6 million). Earnings before interest and taxes (EBIT) increased by a factor of 6.8 to €12.9 million (previous year: €1.9 million).

Robert Haselsteiner and Marcus Wolsdorf, founders and management board members of Interhyp AG: “The annual results 2005 demonstrate that our business model has the power to change the German mortgage market, and once again confirm the strong scalability of our concept.”

In the fourth quarter alone, closed mortgage volume was €1.035 billion. Thus Interhyp’s market share of new residential mortgages in Germany more than doubled in Q4 2005 to 2.1% (Q4 2004: 1.0%).
 
For the current 2006 financial year, the management board expects further market share gains. Targeted is an increase in mortgage volume to €4.8 billion. On this basis, the board considers net revenues of roughly €60 million and EBIT of around €21 million to be realistic.

Final results for financial year 2005 are expected to be released at the Interhyp AG annual results press conference on 28 March 2006.

About Interhyp AG:
With €3 billion in new residential mortgage volume in 2005, Interhyp is Germany’s leading independent residential mortgage broker. Interhyp combines the power of the Internet with high quality mortgage advice and the cost benefits of a direct distribution model to provide borrowers with rates which are on average 0.5% below those of traditional branch-based retail banks.

Interhyp AG shares are listed at Frankfurt Stock Exchange (SDAX) with the code IYP and the ISIN: DE 00005121701.

Press contact:
Christian Kraus, SVP Corporate Communications
Telephone +49 89 20 30 7 13 01
e-Mail: christian.kraus@interhyp.de