AMSTERDAM - Van  der Moolen Holding  N.V. (international trading  and
brokerage in  listed  equities  and  derivatives)  today  provides  a
business update for the first quarter of 2009.

Operational highlights Q1 2009

  * Low performance Trading activities due to ongoing challenging
    market conditions.
  * Low performance VDM Institutional Brokerage due to lower volumes
    and low stock price levels.
  * Roll out VDM Global Markets in the UK on schedule.

Financial highlights Q1 2009

  * Total revenues of ?16.5 million in first quarter 2009, compared
    to ?22.1 million in the fourth quarter 2008. In first quarter
    2009, VDM did not recognize revenues related to certain tax
    receivables of ?5.6 million.
  * Total operating loss of ?4.7 million in first quarter 2009,
    compared to operating loss of ?31.6 million in fourth quarter
    2008. Operating loss in fourth quarter 2008 was impacted by a
    loss of ?4.1 million on sale of NYSE shares, and an impairment
    charge on tax receivables and benefit on reversal of commission
    from profit share which combined had a net impact of ?24.3
    million negative.
  * Total net loss (after tax) of ?4.4 million in first quarter 2009,
    compared to net loss of ?23.4 million in fourth quarter 2008.

Richard den Drijver, CEO of Van der Moolen Holding, comments:
"Market conditions remained challenging in the first quarter of  2009
with low volumes and lack of liquidity in our core markets. This  had
a negative impact on  both our trading  and brokerage activities.  As
markets remain vulnerable  and signs  of an economic  upturn are  yet
weak, it is hard to predict how our business will perform during  the
course of this year. We remain however convinced that the strength of
our core operations will  assure a positive  development in the  long
term."

Financial position

  * Cash flow increased by ?20.1 million in first quarter 2009,
    mainly caused by increase of liquidity from operating activities
    and financing activities of ?11.4 million and ?10 million,
    respectively.
  * Shareholders' equity totalled ?62.8 million at 31 March 2009
    versus ?67.0 million at 31 December 2008. This decrease was
    mainly attributable to the net loss attributable to common
    shareholders and financing preferred shareholders in the first
    quarter 2009.
  * Number of shares outstanding at 31 March 2009 was 37,692,776. The
    average number of shares outstanding during the first quarter of
    2009 was 37,692,776.

Subsequent Events
On May 7, 2009 the General Meeting of Shareholders was held. The list
of resolutions and the recording of the audio web cast are available
at our website www.vandermoolen.com. The minutes of the meeting will
be available at our website in due time.


For further information

For further information  please contact Investor  Relations/Corporate
Communications, telephone +31 (0)20 535 6789,

www.vandermoolen.com


Disclaimer:
This  press   release   contains  forward-looking   statements.   All
statements regarding  our  future  financial  condition,  results  of
operations  and   business  strategy,   plans  and   objectives   are
forward-looking.  Statements  containing   the  words   "anticipate,"
"believe," "intend,"  "estimate,"  "expect,"  "hope,"  and  words  of
similar meaning are forward-looking. In particular, the following are
forward-looking in  nature: statements  with regard  to strategy  and
management objectives; pending or potential acquisitions; pending  or
potential  litigation   and  government   investigations,   including
litigation and investigations  concerning specialist  trading in  the
U.S.; future revenue sources; the  effects of changes or  prospective
changes in the regulation or structure of the securities exchanges on
which our subsidiaries operate;  and trends in results,  performance,
achievements or conditions in the markets in which we operate.  These
forward-looking statements  involve  risks, uncertainties  and  other
factors, some of which  are beyond our control,  which may cause  our
results, performance, achievements  or conditions in  the markets  in
which we operate to differ, possibly materially, from those expressed
or implied in these forward-looking statements. We caution you not to
place undue  reliance  on  these  forward-looking  statements,  which
reflect our  management's view  only as  of the  date of  this  Press
Release. We  have  no  obligation  to  update  these  forward-looking
statements


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