Interhyp founders will move to supervisory board in 2011 / Michiel Goris takes over as CEO on 1 January 2011

(Munich, July 7th, 2010) Robert Haselsteiner and Marcus Wolsdorf, founders and Co-CEOs of Interhyp AG, Germany’s largest broker of residential mortgages, will move to the supervisory board in 2011. They will resign from their management board positions effective March 31^st 2011. As of January 1^st 2011, Michiel Goris who has been member of the management board since November 2008 will become new CEO. Also as of January 1^st 2011, Mirjam Mohr and Benjamin Papo, currently deputy members of the management board, will become full members of the management board.

"10 years after the start of Interhyp, we have become by far the largest mortgage broker in Germany, and our business model continues to have vast potential for further growth. To maximize these opportunities in the long term, we have decided to create the right framework for the next growth phase in close cooperation with our major shareholder ING DIRECT. In this context, it was very important to us to establish a team that knows our success factors as well as our special corporate culture very well and that is able to develop the Interhyp business further. With Michiel Goris as future CEO and his management board colleagues Jörg Utecht, Mirjam Mohr and Benjamin Papo, a great team takes on the operative leadership at a moment when we are emerging out of the financial crisis with a stronger model than before", say Robert Haselsteiner and Marcus Wolsdorf, founders and Co-CEOs of Interhyp AG, and add: "We started this process very consciously at an early stage and established a structure that guarantees maximum continuity."

Michiel Goris, designated CEO, comments: "I very much look forward to taking on the leadership of such a successful financial services company. There are excellent growth perspectives for our consumer oriented services that we want to realize within the next years. With our business model, a clear multi-channel strategy and a team of highly motivated employees we have the best prerequisites to do so. Also, I am grateful that the two founders will continue to be with the company as supervisory board members and that we will therefore be able to benefit from their experience in the future."