Ad-hoc | 19 October 2004 12:17

Preliminary consolidated earnings for Q3 2004 (IAS)

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Preliminary consolidated earnings for Q3 2004 (IAS) Unterschleissheim, October 19, 2004 In the first nine months 2004, Baader Wertpapierhandelsbank AG’s net profit after taxes amounted to EUR2.3 million (previous year: EUR0.5 million). Ordinary income jumped to EUR33.9 million compared to EUR22.4 million in the previous year. Profit from operations increased to EUR2.4 million (previous year: EUR-6.7 million). The cumulative profit from ordinary activities in the first three quarters 2004 amounted to EUR3.2 million (previous year: EUR0.5 million). In Q3 2004 profit from ordinary activities declined to EUR-3.3 million (previous year: EUR1.0 million). Because of the cost of integration for SMS- Sobota, Maier & Stopp Wertpapierhandels GmbH administrative expenses increased slightly 3% compared with the previous year. Ordinary income at the same time declined from EUR9.9 million to EUR6.5 million because of the noticeable clouded stock exchange environment with regressive trading volumes. In Q3 2004 operating profit amounted to EUR-3.6 million (previous year: EUR0.1 million). Shareholders’ equity as of September 30, 2004 was EUR110.2 million (December 31, 2003: EUR107.7 million). Earnings per share were EUR0,10 on the reporting date. At September 30, 2004 the Group employed a total of 195 people (previous year: 178 employees). The Executive Board ************************* Published by: Baader Wertpapierhandelsbank AG Contact: Nico Baader Weihenstephaner Str. 4 85716 Unterschleissheim Germany Tel. +49 (0)89/ 5150-1030 Fax +49 (0)89/ 5150-2424 Nico.Baader@Baaderbank.de http://www.Baaderbank.de end of ad-hoc-announcement (c)DGAP 19.10.2004 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The achieved surpluses of Heribert Schollmeyer Wertpapierhandels GmbH and Jörg D. Reuter Wertpapierhandels GmbH, which have been taken over by Baader in the last six months, are not yet inclosed in the quarterly figures. The Executive Board still assumes positive results for the fiscal year 2004, if the trend of the first few trading days in October will continue. ——————————————————————————– WKN: 508810; ISIN: DE0005088108; Index: SDAX Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard), München und Stuttgart; Freiverkehr in Düsseldorf, Hamburg und Hannover 191217 Okt 04