TAG Immobilien AG: TAG Immobilien AG to issue a convertible bond

TAG Immobilien AG / Corporate Action


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, acting with the approval of the Supervisory Board, the Management
Board of TAG Immobilien AG ('TAG' for short)passed a resolution on the
basis of the authorisation granted at TAG's annual general meeting of 27
August 2009 to issue a convertible bond, which will be placed privately.
The convertible bond has a volume of EUR 12,500,000.00, a coupon of 4.5
percent p.a., a term of three years and an issue price of 100 percent of
the nominal amount. In accordance with the shareholder authorisation, the
conversion price has been set at EUR 5.15 which is 130 percent of the
reference price. The conversion rights relate to bearer shares,
which will be issued using the contingent capital authorised in a
resolution passed at TAG's annual general meeting of 27 August 2009. The
Management Board has excluded the shareholders' pre-emptive subscription
rights with the Supervisory Board's approval.

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

17.12.2009  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