*          Van der Moolen signs letter of intent to acquire 49.9%
  stake in GSFS Asset Management B.V. ("GSFS AM") and 33.3% in Global
  Securities Arbitrage B.V. ("GSA")
*          The purchase price EUR 43.3 million, of which EUR 14.15
  million in cash and EUR 29.15 million in Van der Moolen shares
*          Payment is spread over three years
*          Positive impact on the earnings per share Van der Moolen
  expected as of 2009
*          The intention to recommend Frank Vogel, CEO of GSFS, as
  member of the Executive Board of Van der Moolen



Amsterdam, 21 November 2008 - Van  der Moolen Holding N.V. ("Van  der
Moolen")  and  Global  Securities  Finance  Solutions  Holding   B.V.
("GSFS") have the intention  to integrate the  activities of GSFS  in
Van der Moolen. Today at the end  of business a letter of intent  has
been signed. Van  der Moolen will  participate in GSFS  AM for  49.9%
stake and for 33.3% stake in  GSA. According to expectation all  this
will have a  positive impact  on the earnings  per share  of Van  der
Moolen.

In October 2007 Van  der Moolen and GSFS  entered into a  partnership
which turned out to be successful. This has lead to the intention  of
Van der  Moolen and  GSFS to  extend this  partnership. As  a  result
hereof GSFS shall have a remaining stake  of 50.1% in GSFS AM and  of
33.3% in GSA. The other 33.3% in GSA will remain in the hands of  the
current shareholder GT1 Investments, LLC.

The proposed  transaction will  strengthen Van  der Moolen's  current
market position  and  will offer  GSFS  access to  Van  der  Moolen's
worldwide infrastructure. The expectation is that parties will  reach
final agreement before the end of this year.
In reaction Richard  den Drijver, CEO  of Van der  Moolen said:  "The
partnership that we have entered into with GSFS had turned out to  be
successful. The further integration of our activities with GSFS  will
strengthen our trading activities and strengthen our position in  the
market. We expect that this transaction will already have a  positive
impact on our profit in 2009."

Frank  Vogel,  CEO   of  GSFS:  "This   proposed  transaction  is   a
confirmation  of  our  long  term  commitment  to  Van  der   Moolen.
Furthermore, it  offers  the  possibility for  GSFS  AM  to  actively
participate in the expansion of  Van der Moolen's worldwide  business
activities."

Payment partly in cash, partly in shares
The purchase price of the participating interests in GSFS AM and  GSA
in total amounts to EUR 43.3 million.

EUR 25 million of the purchase price will be paid at the close of the
transaction. Whereof EUR 5  million will be paid  in cash and EUR  20
million will be paid  in the form of  ordinary Van der Moolen  shares
(with a maximum of 5 million shares). The payment in shares will  for
the most  part take  place by  issuance of  ordinary Van  der  Moolen
shares.

The remaining  of the  purchase price  will be  paid in  cash and  in
shares within a  period of two  years. The amount  of cash  minimally
amounts to  EUR 4.575  million  and the  shares maximally  amount  to
2,287,500. The part of  the purchase price in  Van der Moolen  shares
will be bound to a lock-up of one year.

The intention of the recommendation of Frank Vogel
Further, Van der Moolen intends  to recommend to appoint Frank  Vogel
as a member to the Executive  Board of Van der Moolen. This  proposed
intention for  recommendation  will  be presented  to  the  Authority
Financial Markets and the General Meeting of Shareholders meeting  of
Van der Moolen for permission. As member of the Executive Board Frank
Vogel will lead the trading activities of Van der Moolen and GSFS AM,
with the assignment to further build up these activities worldwide.


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  within  the
meaning of,  and  which  have  been made  pursuant  to,  the  Private
Securities Litigation Reform  Act of 1995.  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  describe  certain
important   factors   to   consider   in   connection   with    these
forward-looking statements under "Key Information - Risk Factors" and
elsewhere in our annual filing with the U.S. Securities and  Exchange
Commission on Form 20-F. 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 Report. We  have no obligation  to
update these forward-looking statements.


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