TAG Immobilien AG: TAG Immobilien AG to issue a convertible bond for EUR 30 million

TAG Immobilien AG / Corporate Action15.04.2010 12:07Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted byDGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Acting with the approval of the Supervisory Board, the Management Board ofTAG Immobilien AG ('TAG' for short) has today passed a resolution on thebasis of the authorisation granted at TAG's annual general meeting of 27August 2009 to issue a convertible bond with a value of up to EUR 30million.The issue price stands at 100% of the nominal amount, i.e. EUR 100.00 perbond, with a coupon of between 5.5% and 6.5% p.a. over a term of fiveyears. In accordance with the shareholder authorisation, the conversionprice has been set at EUR 5.47, equivalent to 130% of the reference price.Holders of the conversion rights will be entitled to receive bearer shares,which will be issued using the contingent capital authorised in aresolution passed at TAG's annual general meeting of 27 August 2009.The shareholders will be granted a right to subscribe to the convertiblebonds, which will be denominated in units of EUR 100.00, on a 1-for-117basis. The subscription right has been excluded for fractional amounts.The separate subscription offer is to be published in the week commencing19 April 2010, with the subscription period to last for two weeks. Thereare no plans for trading in the subscription rights. The bonds will belisted in the open market of the Frankfurt Stock Exchange.The issue is being executed to raise funding for future investments. CloseBrothers Seydler Bank AG, Frankfurt am Main, is the sole lead manager andsole bookrunner for this transaction.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.com15.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      TAG Immobilien AG              Steckelhörn 5              20457 Hamburg              DeutschlandPhone:        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, Hannover, Düsseldorf, Hamburg,              Stuttgart End of News                                     DGAP News-Service ---------------------------------------------------------------------------