TAG Immobilien AG: TAG acquiring residential real estate portfolio; resolution passed for non-cash issue of around 2.4 million new shares

TAG Immobilien AG / Capital Increase


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.


Today, TAG Immobilien AG (or 'TAG' for short) signed a contract for the
acquisition of a portfolio of residential real estate mostly located in
Berlin. TAG has acquired the shares in the real estate owning entity. The
portfolio comprises of 787 units with a total area of around 51,300 square
metres at an average price of around EUR 800 per square metre. The
transaction has a total value of EUR 43 million and is being financed by
assuming existing bank debt as well as the non-cash issue of new shares. To
this end, the Management Board acting with the Supervisory Board's approval
is utilising the capital authorised in a resolution passed at the annual
general meeting held on 27 August 2009 and will be issuing around 2.4
million shares at a price of EUR 5.50 per share each on a non-cash basis to
be paid for through the contribution of the shares in the property owning
entity. The shareholders' statutory subscription rights have been excluded.
As a result of the fresh issue, TAG's share capital will rise from a
current EUR 32.5 million to EUR 34.9 million. The acquisition of the shares
is subject to the condition precedent that the equity issue is duly entered
in the commercial register; this is expected for early 2010.

Reference should be made to the press release of today's date for further

TAG Immobilien AG
Investor und Public Relations 
Britta Lackenbauer / Dominique Mann
Tel. +49 (0) 40 380 32 -386 / -305
Fax +49 (0) 40 380 32 390

18.12.2009  Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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 Berlin, Hannover, Düsseldorf, Hamburg,
End of News                                     DGAP News-Service