TAG Immobilien AG announces the indicative conditions for the convertible bond issue

TAG Immobilien AG  / Key word(s): Corporate Action

24.11.2010 19:46

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.


The Management Board of TAG Immobilien AG, Hamburg, (hereinafter also
referred to as 'TAG') decided on 15 November 2010 with the approval of the
Supervisory Board to issue new shares with a total nominal amount of up to
EUR 11,607,249.00 as well as convertible bonds in a total amount of up to
approximately EUR 70 million to finance the envisaged takeover bid which is
to be submitted to the shareholders of Colonia Real Estate AG (hereinafter
also referred to as 'CRE'). The new shares and the convertible bonds are
being offered to the shareholders for subscription within a subscription
period from 22 November 2010 up to and including 6 December 2010.

The subscription offer for the convertible bonds stipulates that the
conditions for the convertible bonds are to be determined using an
accelerated bookbuilding process in the course of which they are to be
offered to selected qualified investors for purchase subject to the
exercise by the shareholders of their subscription rights. The Company has
today decided to set the indicative conditions for the bookbuilding
process, which is expected to take place on 2 December 2010 or earlier, as
follows: the initial conversion price of the convertible bonds is to be
between EUR 7.40 and EUR 7.80 per convertible bond and the coupon on the
convertible bonds is to be between 5.75% p.a. and 6.50 % p.a. The
convertible bonds will be issued at 100% of their nominal value. This
amount will equal the initial conversion price per convertible bond. The
conversion ratio equals one share per convertible bond. The convertible
bonds have a term of five years. They will be repaid on maturity at 100% of
their initial amount.

The final conditions for the issue of the new shares and the convertible
bonds will be determined by the Management Board and the Supervisory Board
immediately after the completion of the bookbuilding process, which is
expected to be the evening of 2 December 2010, and published in the form of
an ad hoc announcement and on the following day in the Electronic Federal
Gazette (elektronischer Bundesanzeiger).


This document does not constitute an offer to buy or an invitation to sell
or subscribe for securities. It is not intended for shareholders or
investors in the United States, Canada, Australia or Japan.

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Language:     English
Company:      TAG Immobilien AG
              Steckelhörn 5
              20457 Hamburg
Phone:        040 380 32 300
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 Hamburg, Düsseldorf, Berlin, Hannover,
End of Announcement                             DGAP News-Service