TAG Immobilien AG: TAG Immobilien AG plans acquisition of a strategic stake in Colonia Real Estate AG

TAG Immobilien AG  / Key word(s): Miscellaneous

14.10.2010 17:29

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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TAG Immobilien AG (hereinafter referred to as 'TAG') plans to acquire a
strategic stake in Colonia Real Estate AG, Cologne (referred to as
'Colonia' in the following). Today TAG received offers from several
investors to sell around 24 percent, or 6.9 million shares, of Colonia. TAG
intends to accept these offers.
To finance the acquisition of shares of around 16 percent, TAG will carry
out a capital increase from authorised capital, excluding the shareholders'
subscription rights. It is planned to issue 4.05 million shares. The issue
price will be determined as part of the placement of these new shares and
will be based on the current share price and the provisions of the enabling
resolution adopted by the TAG shareholders' meeting of 25 June 2010.

The other shares are to be incorporated into TAG as part of a capital
increase against contribution in kind by making use of the authorised
capital, again excluding subscription rights. As part of this capital
increase 2,342,751 TAG shares will be issued and the same amount of Colonia
shares will be acquired in a 1:1 ratio.

The transaction is subject to the approval of the TAG Supervisory Board,
and to the registration of the capital increases in the commercial
TAG regards the strategic stake in Colonia, which like TAG is listed in the
S-DAX, as a useful addition to its investment portfolio. Both companies
focus primarily on German residential real estate, as well as commercial
real estate and property-related services. In addition, TAG and Colonia
pursue parallel interests in large parts of their businesses.

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

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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