DGAP-News

Continuity at the helm of the company

DGAP-News: OVB Holding AG / Key word(s): Change of Personnel Continuity at the helm of the company 10.02.2017 / 10:57 The issuer is solely responsible for the content of this announcement. Continuity at the helm of the company

- Group: contracts of CEO Mario Freis and COO Thomas Hücker extended
- Germany: new management for OVB Vermögensberatung AG as of April 2017

Cologne, 10 February 2017 - The Supervisory Board of OVB Holding AG has
extended the contract of CEO Mario Freis, which runs until 31 December
2017, by five years until 31 December 2022. The 41-year-old has been a
member of the holding company's Executive Board since 2010 and has been at
the head of the Group since February 2016. The contract with Executive
Board member Thomas Hücker (51), who is responsible for Group IT, process
management and HR, was also extended until 31 December 2020. CFO Oskar
Heitz (63) also belongs to the three-strong OVB Holding AG Executive Board
team. His contract runs until 31 December 2018. He has been on the
Executive Board since OVB Holding AG was founded in 2004.

The current Executive Board of the German subsidiary OVB Vermögensberatung
AG comprising Messrs Mario Freis, Thomas Hücker and Jürgen Kotulla will
hand over operational responsibility to a new Executive Board team at the
beginning of April 2017. From within the company's own ranks, Frank Burow
(44), who will take over the areas of Finance and Operations as CFO/COO,
Christian Höfel (42), who will become Executive Board member for Sales
(CSO), and Marcus Oliva (43), who will assume responsibility for the areas
of Partners and Products (CPO), will move up to the Executive Board of OVB
Germany. The three members of the new management team have extensive
experience in their respective areas of responsibility.

Jürgen Kotulla (58) has been appointed as Director of
Market-ing/Communications at OVB Holding AG, also with effect from April
2017. Kotulla is to develop the marketing strategy of the OVB Group further
in this post. The area of online marketing is gaining increasing