Van der Moolen Holding N.V. ("Van der Moolen") and Global Securities Finance Solutions Holding B.V ("GSFS") have decided, due to the current market conditions, to break off and cancel the deal concerning the proposed participation in GSFS by Van der Moolen.

At 21 November 2008 Van der Moolen announced to have signed a letter of intent regarding the proposed acquisition of 49.9% of the shares in GSFS Asset Management B.V. ("GSFS AM") and 33.3% of the shares in Global Securities Arbitrage B.V. ("GSA"). The purchase price of EUR € 43.3 million for these shares would be paid by Van der Moolen to GSFS (i) in ordinary Van der Moolen shares (€29.15 million); and (ii) in cash (€14.15 million).

In reaction Richard den Drijver, CEO Van der Moolen, says: "As a result of the development of the market price of the Van der Moolen shares in the last few months, the intended participation in GSFS AM and GSA - under the agreed conditions - will not lead to the intended positive impact on the shareholders value of Van der Moolen. Therefore Van der Moolen and GSFS decided to cancel the proposed acquisition. As of today Van der Moolen will exclusively aim to extend its existing trading and brokerage activities."

Van der Moolen and Global Securities Finance Solutions Holding B.V. ("GSFS") emphasize that the partnership with GSFS remains unchanged.