TAG acquires residential real-estate portfolio with 3,154 units - approx. 5.5 million new shares to be issued at 8 EUR per share in a capital increase against contribution in kind

TAG Immobilien AG  / Key word(s): Real Estate26.07.2011 18:41Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------TAG Immobilien AG (also referred to as TAG in the following) todaypurchased a real estate portfolio of 3,083 residential units and 71commercial units from a fund. Northern Germany and Saxony form the regionalfocus of the portfolio, so that the properties can be managedcost-effectively by the TAG group's existing offices in Hamburg andLeipzig. The total rental space is 208,393 m², with net rent at EUR 12.7million p.a., and the purchase price is around EUR 150 million; the issueprice of the new shares has been agreed at 8 EUR per share.As part of the transaction, the sellers will give to TAG, as a contributionin kind, shares in five property companies that own the portfolio.Therefore, the Management Board has today decided to utilise the capitalauthorised by the General Meeting on 7 April 2011, and pending the approvalof the Supervisory Board, to issue 5,476,924 new shares againstcontribution of the shares in the property companies. In addition to theissuance of shares, a payment in the amount of up to approx. EUR 9 millionwas agreed. The statutory subscription right of shareholders is excluded.The capital increase increases the share capital from currently EUR 64.4million to EUR 69.9 million. The purchase of shares is contingent upon theentry of the capital increase in the commercial registry, which isscheduled for autumn 2011. Once the transaction is concluded, the sellersof the portfolio will own 7.8 % of the voting rights in TAG.The transaction will increase the TAG group's residential real-estatevolume by 10 % to 2,180,006 m² or 30,285 units.26.07.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      TAG Immobilien AG              Steckelhörn 5              20457 Hamburg              GermanyPhone:        040 380 32 300Fax:          040 380 32 390E-mail:       ir@tag-ag.comInternet:     www.tag-ag.comISIN:         DE0008303504WKN:          830350Indices:      SDAXListed:       Regulierter Markt in Frankfurt (Prime Standard), München;              Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,              Stuttgart End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------