(Hamburg, April 2, 2009) TAG Immobilien AG wishes to announce that Erhard Flint has left its management board effective March 31, 2009.

In his capacity as a member of the management board, Mr. Flint had been overseeing the company´s new construction, portfolio development and sales activities since January 2006. The supervisory board and the management board wish to thank Mr. Flint for his contribution and are pleased that he will continue to advise the company.

In response to current market conditions, TAG adjusted its business focus within the segments which it addresses in 2008. As a result, all construction business and activities were reduced and no new construction projects were commenced in the 2nd half of 2008.

TAG Immobilien AG´s management board now comprises Andreas Ibel, chief executive officer, and Hans-Ulrich Sutter, chief financial officer.

Press inquiries:
TAG Immobilien AG
Kirsten Schleicher
Head of Investor & Public Relations
Tel. +49 (0) 40 380 32 300
Fax +49 (0) 40 380 32 388
pr(at)tag-ag.com