TAG Immobilien AG announces profit forecast for 2012 and announces a dividend payout for 2011

TAG Immobilien AG  / Key word(s): Dividend/Forecast

15.11.2011 17:45

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Based on the strong results achieved in the year to date, TAG Immobilien AG
('TAG' in the following) has forecast EBT of approx. EUR 75 million for
2012.. TAG is well on its way to comfortably fulfilling its guidance for
2011, which forecast EBT of EUR 50 to 60 million.

In addition to this positive result, business policy going forward will
focus on the distribution of a dividend. Even for 2011, the aim is to use
profits not only to pay down debt and finance further growth, but also to
pay out an estimated dividend of EUR 0.20 per share, pending the approval
of the year-end financial statements. In its medium-term planning, the
Group plans to pay out a significant proportion of its profits to
shareholders.


15.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      TAG Immobilien AG
              Steckelhörn 5
              20457 Hamburg
              Germany
Phone:        040 380 32 0
Fax:          040 380 32 390
E-mail:       ir@tag-ag.com
Internet:     www.tag-ag.com
ISIN:         DE0008303504
WKN:          830350
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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