• Loss of EUR 12 million in Q3 2009 mainly due to negative revaluation results in CEE Real Estate and credit losses in banking activities
• CEE Real Estate activities: Significantly higher revenues from yielding properties and sales of residential units
• China Real Estate: continued increase in apartment sales in 9M 2009 compared to 9M 2008 (1,316 units versus 1,143)
• Banking and Lending operating profit in 9M before credit losses substantially better  (EUR 41 million in 9M 2009 versus EUR 20 million in 9M 2008)
• Insurance and Pension: capital gain on sale proves value creation ability
• Liquidity CEE Real Estate sufficient to fund  expansion if markets continue to improve
• 9M 2009 results (Water)  infrastructure almost break even due to increased sales     

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