Van der Moolen to terminate US specialist activities.

Van der Moolen has determined to proceed with delisting from the New York Stock Exchange of its American Depositary Shares and with deregistration under the Securities Exchange Act of 1934.

Amsterdam, the Netherlands, November 15, 2007 – Van der Moolen Holding (liquidity provider and broker in equities bonds and related instruments in the US and in Europe), today reported its result for the third quarter of 2007.

Richard den Drijver , CEO of Van der Moolen Holding NV ("VDM") commented:

"VDM Specialists USA has not succeeded in bringing its operations back to profitability and will not be able to meet its second half year US target. Therefore, we have decided to terminate the VDM US specialist activity as promptly as possible, but subject to an orderly transition. We consider this activity of VDMS not to be of a strategic nature anymore. In the US the focus from now on will be on brokerage and CBSX activities. As part of our cost savings measures we will also delist our American Depositary Shares from the New York Stock Exchange and, as soon as we are able to do so under applicable SEC rules, deregister our equity securities under the US Securities Exchange Act of 1934. The common shares of the Company will continue to be listed on Euronext."

Key developments:

• Revenues of € 37.4 million in Q3, compared to € 33.1 million in Q3 2006;
• Net loss of € 5.8 million attributable to common shareholders in Q3 2007;
• European activities continue to be profitable: operating margin of € 6.2 million in Q3 2007;
• One off expenses of € 3.0 million in Q3 2007; € 2.2 million relates to US activities;
• Excluding one off expenses, the operating profit would amount to € 0.8 million;
• US specialist activities to be terminated as losses VDM Specialists USA continue;
• Smooth transition in co-operation with NYSE; deregistration process initiated;
• Focus in US on growing activities in brokerage and trading on CBSX.


For more information: Please contact Investor Relations/Corporate Communications, telephone +31 (0)20 535 6789.