Van der Moolen Announces Reduction in Workforce at Van der Moolen Specialists USA

Business Wire, Jan 23, 2007

AMSTERDAM, The Netherlands -- Van der Moolen Holdings, N.V. announced today that its Van der Moolen Specialists, USA, LLC unit (VDMS) will implement an immediate reduction in work force of approximately 30%. This action is being taken as the NYSE completes the move of all listed securities to its new Hybrid Market system later today.

The staff reduction is expected to yield annualized savings of approximately $4.5 million dollars going forward and will result in a one-time charge for severance costs of approximately $1.3 million dollars to VDMS first quarter 2007 earnings.

"This is a difficult decision, but one which is necessary for VDMS due to implementation of the NYSE Hybrid market and more automation at the point of sale" said Richard E. den Drijver, CEO of Van der Moolen Holding NV.

For more information about Van der Moolen, please visit www.vandermoolen.com or contact Investor Relations/Corporate Communications, telephone 31 (0)20 535 6789.

Van der Moolen trades on the leading US and European equity, option and fixed income exchanges. The group trades in open outcry and electronic markets in several time zones. On the NYSE, Van der Moolen currently has a market share of nearly 11% of transaction volume for which it acts as specialist. Van der Moolen's traders worldwide execute an average of 100,000 trades a day. Turnover and price volatility are the most important factors influencing its results. Van der Moolen's shares are listed on Euronext Amsterdam (VDMN.AS). American Depositary Receipts (ADRs) representing Van der Moolen shares are listed on the NYSE (VDM).

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