Press Release

• First successes of “Milestone” restructuring programme
• Initiation of turnaround in the UK and repositioning in Austria
• Group revenue of €258.3 million in first half of 2009
• Core business with life-insurance products expands by 12.1%
• Stable development of new business in Germany and Switzerland regions
• AWD gains 83,600 new customers in first half of 2009
• 162,400 core customers advised once again – plus 7.1%

Hanover, 26 August 2009 (AWD Holding AG) – AWD, Europe’s leading provider of old-age provision solutions, is accelerating its restructuring and efficiency programme in view of the ongoing financial market crisis. The measures initiated within the AWD Group’s ambitious cost-reducing programme entitled “Milestone” include the re-dimensioning of the AWD holding company and the optimisation of backoffice functions in the German companies of the Group. The holding company will become a coordinating and monitoring strategic management holding company, which will reduce holding-company expenses
to 3-4% of Group revenue (at present 7%).