TAG Immobilien AG: TAG acquires approximately 420 residential units in Chemnitz by means of capital increase against contribution in kind - 859,339 new shares at EUR 8.25 per share

TAG Immobilien AG  / Key word(s): Capital Increase25.10.2011 14:19Dissemination 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 ('TAG' in the following) today acquired a residentialcomplex with approximately 420 units. With this acquisition, TAG furtherexpands the core of its portfolio in the German state of Saxony. Theproperty has total rental space of around 32,000 m² and generates yearlyrents of approximately EUR 1.8 million. The residential complex waselaborately modernised in the years 2001 to 2003 and is well rented, withvacancy at roughly 3.7 percent. The properties will be managed and overseenby the TAG office in Leipzig in the future.The purchase price underlying the transaction is EUR 23.75 million, to becovered by the assumption of liabilities on the one hand, and the issuanceof new shares at EUR 8.25 per share on the other. Therefore, the ManagementBoard has decided, based on the capital authorised by the General Meetingon 7 April 2011 and subject to approval by the Supervisory Board, to issue859,339 new shares in return for the shares in the property company and toissue a shareholder loan. The statutory subscription rights of shareholderswere excluded in this capital increase against contribution in kind. Oncethe capital increase is entered in the company register, which is scheduledto take place before the end of 2011, the company's share capital willincrease accordingly. The acquisition of company shares in the targetcompany is subject to the entry of the capital increase in the companyregister.Overall the acquisition will increase the TAG Group's residential realestate holdings, once all currently pending binding acquisitions have beencompleted, to more than 30,700 units.Kontakt:TAG Immobilien AGInvestor und Public Relations Britta Lackenbauer / Dominique MannTel. +49 (0) 40 380 32 -386 / -305Fax +49 (0) 40 380 32 390ir@tag-ag.com25.10.2011 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 ---------------------------------------------------------------------------