Earnings per share € 0.06 versus € 0.05 in the second quarter of 2005
Van der Moolen announces that it earned profit attributable to its common shareholders of € 2.3 million in the third quarter 2005 compared with € 1.8 million in the second quarter of 2005 and
€ 0.6 million in the third quarter of 2004 (restated to IFRS).

The financial information presented is prepared in accordance with IFRS. Previously published quarterly and year-to-date September, 2004 financial information under Dutch GAAP for the year 2004 has been restated to comply with IFRS.

Profit attributable to common shareholders in the third quarter of 2005 rose by 28%, from € 1.8 million in the second quarter of 2005 to € 2.3 million. Compared with the third quarter of 2004, profit attributable to common shareholders (after preferred dividend) increased by € 1.7 million. Third quarter profit attributable to common shareholders includes a net €0.8 million gain following a liquidation settlement of the Vereniging voor de Effectenhandel. Profit in the second quarter 2005 included a net gain of €0.9 million relating to the net effect of positive fair value changes of interest rate swaps and currency exchange gains. Consequently, the quarter-to-quarter comparison is not materially affected by these non-recurring gains.

Van der Moolen was able to close 63 of its 66 trading days (95%) in the third quarter with a trading profit on transactions. Our NYSE participation rate was 19.9%, compared to 20.9% in the second quarter of 2005 and 22.4% in the third quarter last year. Our realization rates were 2.2, 2.5 and 2.7 basis points for the respective quarters.