Today, Van der Moolen nearly completed the transfer of its European
securities position. Several subsidiaries of Van der Moolen had a
total position of 2.5 million option contracts with a total market
value of approximately ? 1.2 billion. Besides these contracts Van der
Moolen owned about 90 million Swiss warrants, and had shares and ADR
positions. Expiration dates of the option contracts were up until
December 2013.

The securities positions have been transferred to First Euro
Securities and Derivatives Trading B.V. ("First Euro"), a company
which is owned by some former employees of Van der Moolen and
third-party financers. The former employees are mainly derived from
the departments Mid Office and Risk Management.

The complex transfer has been realised without any incidents in close
cooperation with the related clearing organisations.

As has been announced, Van der Moolen Holding N.V. is in a state of
bankruptcy. The receivers of Van der Moolen Holding N.V. were
confronted with the question how to deal with the sizeable number of
securities positions, which - taking into account the option
expiration this month - could result in high risks. This also in view
of the leave of the traders who have managed the related securities
positions; traders who had the best insight knowledge in these
positions.  The transfer price of all securities positions has been
determined after amongst others consulting related clearing
organisations, consideration of the possibilities and cost to wind
down the positions for its own account, considering the results of an
auction of the securities positions of an English subsidiary of Van
der Moolen and finally based on an offer made on a portion of the
positions by a group of former Van der Moolen traders.

First Euro will offer employment to about 14 former employees of Van
der Moolen. First Euro will also take over some IT components and -
contracts.

In the meanwhile, the preparation for filing for bankruptcy of the
related subsidiaries has been started.

As announced earlier, the receivers of Van der Moolen Holding N.V. do
not expect any proceeds for common shareholders of Van der Moolen
Holding N.V., this partly because of the current share capital
structure. Common shareholders receive only payment in case of
dissolution after the preferred shareholders have received their
original investment of about ? 40 million. Payment to preferred
shareholders is possible only if all creditors have been paid.

The receivers of Van der Moolen Holding N.V.



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