TAG Immobilien AG: TAG Immobilien AG successfully placed convertible bond over EUR 30 million - the issue was significantly oversubscribed

TAG Immobilien AG / Corporate Action

07.05.2010 08:40

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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(Hamburg, 7 May 2010) Today, TAG Immobilien AG successfully placed
convertible bond over EUR 30 million. The issue was significantly
oversubscribed and went to existing shareholders who exercised their
subscription rights and a subsequent private placement among international
institutional investors. The money raised will strengthen the liquidity of
the company and allow to fund further profitable growth.

Thus, the entire convertible bond with a volume of EUR 30 million a coupon
of 6.375% and a redemption date in 2015 was placed among existing
shareholders and institutional investors. The convertible bonds (ISIN
DE000A1ELQF0) shall be traded in the Open Market (Frankfurt Stock
Exchange). Trading and the delivery of the bonds are expected to start on
13 May 2010.

The company has been able to exploit attractive opportunities with this
successful placing in challenging capital markets. This step boosts the
liquidity of the company, will allow to fund further growth and
demonstrates the confidence in the company by the market.

Close Brothers Seydler Bank AG, Frankfurt am Main, acted as Sole Lead
Manager and Sole Bookrunner for this transaction.

Important advisory 
This document was prepared solely for information purposes. This document
is neither an offer to sell shares or other securities in the Company, nor
an invitation to tender offers to buy shares or other securities in the
Company. This document is not an offer document or prospectus as defined by
the 2003/71/EC Directive ('Prospectus Directive').

United States of America 
This document is not intended for persons in the United States. It may not
be sent to the United States by mail or in any other way. This document is
neither an offer to sell nor an invitation to tender offers to buy or
subscribe to securities in the United States. The shares and other
securities issued by TAG Immobilien AG are not and will not be registered
in accordance with the provisions of the United States Securities Act of
1933 (in its latest version) or in accordance with the securities laws of
individual states of the US. The shares and other securities issued by TAG
Immobilien AG may not be offered or sold in the United States, nor may they
be delivered there by direct or indirect means.

Canada, Australia and Japan 
This document is not intended for persons in Canada, Australia or Japan. It
may not be sent to Canada, Australia or Japan by mail or in any other way,
and shares and other securities issued by TAG Immobilien AG may not be sold
to persons in these countries.


07.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
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
              Deutschland
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,
              Stuttgart
 
End of News                                     DGAP News-Service
 
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